Founded Year

2022

Stage

Series A - II | Alive

Total Raised

$286.15M

Mosaic Score
The Mosaic Score is an algorithm that measures the overall financial health and market potential of private companies.

+61 points in the past 30 days

About Category Labs

Category Labs specializes in decentralized systems within the blockchain technology sector. The company offers a layer 1 blockchain named Monad, which is compatible with the Ethereum Virtual Machine and supports 10,000 transactions per second with one-second block times and single-slot finality. Category Labs' solutions are primarily targeted at sectors that require blockchain infrastructure with a focus on performance and decentralization. Category Labs was formerly known as Monad Labs. It was founded in 2022 and is based in New York, New York.

Headquarters Location

New York, New York, 10018,

United States

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Category Labs's Products & Differentiators

    Monad

    High-performance smart contract blockchain

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Expert Collections containing Category Labs

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

Category Labs is included in 2 Expert Collections, including Blockchain.

B

Blockchain

11,886 items

Companies in this collection build, apply, and analyze blockchain and cryptocurrency technologies for business or consumer use cases. Categories include blockchain infrastructure and development, crypto & DeFi, Web3, NFTs, gaming, supply chain, enterprise blockchain, and more.

U

Unicorns- Billion Dollar Startups

1,270 items

Latest Category Labs News

Monad Testnet Surpasses 73 Million Addresses in 24-Hour Surge – Coincu

Mar 29, 2025

Current trends indicate significant interest but do not guarantee mainnet success. Market experts eye potential technological breakthroughs with Monad's expansion. According to March 29 on-chain data, the Monad testnet witnessed a surge to 73,433,692 addresses, with an impressive addition of 3,605,685 addresses within a single day. Results from the latest data highlight increasing interest in the Monad platform, reflecting potential for future adoption upon its mainnet launch later this year. Monad Testnet Adds 3.6 Million Addresses in One Day Recent data shows the Monad testnet has reached a substantial number of 73.43 million addresses , with an increase of about 3.6 million in 24 hours . The growth suggests rising developer and user engagement on the platform, even before its mainnet launch. The Monad testnet's increasing popularity, marked by a rising number of participants, showcases an expanding interest in this project. This trend may indicate potential widespread adoption once the mainnet becomes available. This phenomenon reflects significant user engagement, providing a promising outlook for the mainnet launch. However, while the growth on a testnet is beneficial for developers, it does not guarantee financial impact or excitement in the main market yet. With the rapid rise in testnet addresses, the community anticipates further developments. Industry experts note that such growth indicates increasing interest but caution that it is not a direct reflection of mainnet success . No major comments from Monad's leadership have been shared regarding this data increase. John Doe, CEO, Monad, remarked, “The surge to over 73 million addresses highlights unprecedented interest and user engagement on the Monad testnet.” Market Trends and Expert Insights on Monad's Growth Did you know? The Monad testnet's growth from 8.4 million addresses on March 11, 2025 , to over 60.89 million by March 26, 2025 , highlights an unprecedented pace of engagement in just a few weeks. As detailed by CoinMarketCap, MON holds a current price of , accompanied by a market cap of $14.12 million . Recent movements include a 24-hour price downshift of and a drop in trading volume. Circulation is at 480.33 million , with no maximum supply limit set. MON(MON), daily chart, screenshot on CoinMarketCap at 08:57 UTC on March 29, 2025. Source: CoinMarketCap Experts from the Coincu research team emphasize the potential for technological breakthroughs as Monad's user-base expands. Data indicates the testnet's growth could drive developer interest, notably enhancing blockchain efficiency. Historical trends show potential long-term adoption may correlate significantly with such testbed experiments. Based on the Monad Testnet Onboarding Guide, we are seeing consistent growth since the launch, and the community is actively participating in the testnet phase. Source: https://coincu.com/329298-monad-testnet-hits-73-million/

Category Labs Frequently Asked Questions (FAQ)

  • When was Category Labs founded?

    Category Labs was founded in 2022.

  • Where is Category Labs's headquarters?

    Category Labs's headquarters is located at New York.

  • What is Category Labs's latest funding round?

    Category Labs's latest funding round is Series A - II.

  • How much did Category Labs raise?

    Category Labs raised a total of $286.15M.

  • Who are the investors of Category Labs?

    Investors of Category Labs include OKX Ventures, Inversebrah, Electric Capital, Hsaka, Castle Island Ventures and 25 more.

  • Who are Category Labs's competitors?

    Competitors of Category Labs include Polygon and 2 more.

  • What products does Category Labs offer?

    Category Labs's products include Monad.

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