PANews reported on March 4 that according to official news, MEV infrastructure FastLane Labs announced the completion of a $6 million financing, led by Figment Capital and DBA, with participation from Coinbase Ventures, Robot Ventures, Hashkey Capital, CHORUS ONE, etc. The new funds will be used to create a full range of liquidity pledge tokens on Monad.

According to reports, FastLane Labs is committed to building a long-term MEV ecosystem on Monad, so that users, dApps and stakers can benefit from it. Earlier in May 2023 , FastLane Labs completed a $2.3 million financing led by Multicoin Capital.