Performances
RD Popularity Index
RD Growth Index
Revenue & Burn
Protocol income
$994.16Buyback funds
--Burn funds
--Buyback ratio
--Protocol funds over time
Monthly amounts & ratios
| Period | Protocol income | Buyback funds | Burn funds | Buyback ratio |
|---|---|---|---|---|
| Nov 2026 | $994.16 | -- | -- | -- |
| Oct 2026 | $1.8K | -- | -- | -- |
| Sep 2026 | $340.75 | -- | -- | -- |
| Aug 2026 | $823.41 | -- | -- | -- |
| Jul 2026 | $3.22K | -- | -- | -- |
| Jun 2026 | $487.88 | -- | -- | -- |
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About Kuru
Kuru is a decentralized exchange on Monad that combines a central limit order book with an automated market maker in one matching engine: market orders hit the book first and the AMM absorbs the remainder, so users need not choose between modes and makers can supply liquidity without inventory risk.
It targets the slippage of pure AMMs on large trades and the cold start of pure order books on new tokens. Monad's throughput and low latency make onchain quoting and cancelling cheap enough for the design to work, which is the precondition. The product also offers aggregated routing and interfaces for trading bots. The risk is dependence on maker incentives: depth can thin quickly once rewards fade, and the chain's own stability and block production feed straight into the matching experience.
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.
Kuru, from Kuru Labs, is a fully on-chain order-book DEX built on Monad, bringing centralised-exchange-style spot matching on-chain without giving up self-custody. It uses a central limit order book: makers write bids and asks into contract state, takers fill against them under price-then-time priority, and matching is executed by contract logic rather than by a matching engine on a company's servers. That contrasts with a group of order-book DEXs that keep the book off-chain for speed and settle only fills on-chain, a reasonable engineering compromise that nevertheless reintroduces a trusted operator. It is viable now because an order book is write-heavy: market makers must cancel and replace orders constantly as the reference price moves, and only Monad's parallel execution, fast finality and low fees can absorb that write load.
The funding path is clear. Kuru raised $2 million in seed in July 2024 led by Electric Capital with Brevan Howard Digital, CMS Holdings, Pivot Global, Breed, Velocity Capital and angels including Keone Hon, then announced an $11.6 million Series A on July 7, 2025 led by Paradigm with Electric Capital participating and angels including Viktor Bunin, Zagabond and Tristan Yver. Monad mainnet launched on November 24, 2025 and Kuru has run on it since day one, with MON and USDC as quote assets. Beyond the spot terminal, the suite includes Kuru Flow, a smart aggregator indexing liquidity sources on Monad in real time to optimise routing, along with limit orders, token analytics and a launchpad, plus protocol-owned vaults that market make on specific pairs, letting users share vault PnL subject to a four-day deposit lock-up. The embedded wallet is non-custodial and powered by Privy, supporting login via Google, X, Discord and email.
Future strategy and roadmap: the direction is to make a hybrid CLOB-AMM model the default liquidity venue on Monad, using the aggregator and launchpad to widen pair coverage and fee sources. The risk is that Kuru's viability is almost entirely bound to Monad: if throughput materialises the book is sustainable, and if it does not the book thins out. Depth varies greatly by pair, so a market order larger than visible depth walks further up the book and fills at a worse average price. In addition, as of October 2026 Kuru had published no token, points or airdrop announcement and CoinGecko lists no Kuru token, so expectations of returns for early participants have no stated basis.
Vaibhav Prakash — Co-founder; founded Kuru Labs in 2024 with a team experienced in high-frequency trading, DeFi protocol development and on-chain systems optimization, leading the hybrid CLOB-AMM order-book design on Monad.