The ex-Jump Trading quant raised $225 million in 2024 to build Monad, a high-performance blockchain trying to bring Wall Street's trading efficiency to crypto.
The ex-Jump Trading quant raised $225 million in 2024 to build Monad, a high-performance blockchain trying to bring Wall Street's trading efficiency to crypto.In 2020, while leading high-frequency trading at Jump Trading, Keone Hon ventured into crypto following the COVID crash. His investing deepened at Jump Crypto in 2021, where he led blockchain research and Solana DeFi development.
That vision attracted $225 million in funding in 2024 — one of the year's largest crypto raises. Monad's technical specs tell the story: while Ethereum processes 15 transactions per second with $10 to $50 fees, and Solana handles 2,600 TPS with sub-cent fees, Monad is aiming to execute 10,000 TPS at just $0.001 per transaction. Currently, DeFi's daily trading volume remains in theThis profile is part of CoinDesk's Most Influential 2024 package.
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