DeFi upstart Perpl snags $9.25M from Dragonfly—betting big on Monad’s EVM killer

Another day, another crypto startup cashing in on ’the next Ethereum’—this time with Dragonfly Capital writing the check. Perpl’s fresh $9.25M war chest aims to turbocharge development atop Monad’s high-speed blockchain, promising traders sub-second finality (and VC-level returns).

The pitch? Building orderbook infrastructure that doesn’t crumble under load—a novel concept in DeFi, where ’scaling solutions’ often resemble duct-taped mainframes. Monad’s parallelized EVM claims 10,000 TPS, but let’s see how those numbers hold when real users—not synthetic benchmarks—start hammering the chain.

Dragonfly’s gamble reflects a familiar pattern: throw millions at infrastructure plays, pray the modular vs. monolithic debate resolves favorably. Meanwhile, retail traders just want swaps that don’t cost $50 in gas—revolutionary, right?