For venture capitalists looking for significant returns on their crypto investments, layer-1 blockchains that are compatible with Ethereum’s software are a pretty popular bet. 

This week, two layer-1 blockchains compatible with the Ethereum Virtual Machine (EVM) secured significant funding. Monad, which is developing a parallel EVM, raised $225 million in a round led by Paradigm.

Meanwhile, Berachain, an EVM-compatible layer-1 built with Cosmos’ software development kit (SDK), closed a $100 million Series B funding round co-led by Brevan Howard Digital’s Abu Dhabi branch and Framework Ventures.

Read more: Paradigm leads $225M round for high-throughput blockchain Monad

Monad’s…

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