CoinVoice has recently learned that, according to The Block, the on-chain CLOB protocol development team 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, aiming to enhance the flexibility and depth of on-chain trading. The project previously completed a $2.2 million seed funding round. Investors also include several angel investors such as 0xDesigner and Zagabond.[Original link]