Kuru
A hybrid order book and AMM DEX on Monad
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Kuru is a hybrid decentralized exchange (DEX) built on the Monad blockchain, integrating an order book model with an automated market maker (AMM). Its core mechanism discretizes the AMM's liquidity curve into a series of discrete price levels (ticks), which are then placed on the order book as limit orders. This allows the platform to offer both the precise quoting of an order book and the continuous liquidity of an AMM within a single venue. The design leverages Monad's high-performance parallel execution environment to handle the computationally intensive state updates required by an on-chain order book.
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About Kuru
Kuru is an on-chain order book (CLOB) protocol on Monad, aiming to merge centralized and decentralized trading experiences. In July 2024, Kuru completed a $2 million seed round led by Electric Capital, with participation from Brevan Howard Digital, CMS Holdings, and angel investors including Monad CEO Keone Hon. This marked its first public debut. Kuru optimized contracts for the EVM to reduce market maker quoting costs, supported passive liquidity provision, and aimed to replace traditional AMMs. In July 2025, Kuru Labs announced an $11.6 million Series A round led by Paradigm, to scale the team and prepare for mainnet launch. As a core liquidity hub in the Monad ecosystem, Kuru will integrate a hybrid CLOB-AMM model to preserve composability, becoming the first high-performance CLOB on EVM.
Over the past six months (2026-03-03 to 2026-09-03), Kuru has advanced significantly. In February 2026, it announced an $18M seed round led by Paradigm with participation from Dragonfly, signaling strong institutional backing. On June 1, 2026, Kuru launched its mainnet incentive program with a $1.225M reward pool, distributing weekly rewards across 12 epochs until August 24, 2026. Eligible markets included MON/USDC and WETH/USDC, with points awarded based on trading volume and liquidity provision. By July 2026, independent reviews highlighted Kuru's fully on-chain central limit order book (CLOB) on Monad, capable of 10,000+ trades per second with near-zero maker-taker delays. In August 2026, reports emerged detailing Kuru's tokenomics: a 1 billion max supply with 20% earmarked for community incentives, sparking widespread airdrop speculation. Looking ahead, Kuru's official roadmap focuses on launching its native token (KURU) in Q4 2026, expanding cross-chain interoperability to other high-performance networks, and deepening liquidity through institutional market-making partnerships. The team is also prioritizing the development of advanced trading tools, including a smart aggregator (Kuru Flow) and an integrated launchpad for new assets, positioning Kuru as the central liquidity hub for the Monad ecosystem.
Based on available information, Kuru's co-founder and CEO is fravashi (Twitter: @0xfravashi). No other co-founders or core executives are confirmed from the provided sources.