According to online reports, DEX startup Kuru Labs announced the completion of a US$11.5 million Series A financing led by Paradigm, committed to building a new type of decentralized exchange that integrates automated market maker (AMM) and centralized order book (CLOB) architecture on the Monad blockchain. Kuru adopts the default AMM strategy to provide basic liquidity for each order book, aiming to improve the flexibility and depth of on-chain transactions. The project has previously completed a US$2.2 million seed round of financing. Investors also include many angel investors such as 0xDesigner and Zagabond.