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CoinVoice has learned that Kuru Labs announced the completion of a $11.5 million Series A funding round led by Paradigm, dedicated to building a new type of decentralized exchange that integrates Automated Market Maker (AMM) and Centralized Limit Order Book (CLOB) architecture on the Monad Blockchain.
Kuru adopts a default AMM strategy, providing basic liquidity for each order book, aimed at enhancing on-chain trading flexibility and depth. The project has previously completed a $2.2 million seed round financing. Investors also include several angel investors such as 0xDesigner and Zagabond.