Levr Bet Raises $3M for Leveraged Sports Betting on Monad, Led by Blockchain Capital and Maven 11
As the sports betting market continues to surge, expecting to gross nearly $95 billion globally by 2029, Levr Bet is unlocking even greater betting potential on blockchain. Over the 5 months across Levr's beta on testnet, more than 600,000 unique wallets have placed over 5 million bets, making it the most active decentralized sports betting exchange on Monad testnet.
'Levr Bet has shown a glimpse of what's possible when high-performance throughput and usability converge onchain,' said Keone Hon , Co-Founder and GM of the Monad Foundation. 'Across their testnet, LEVR has shown that decentralized applications can deliver real-world utility at scale, with over half a million wallets and millions of bets during testnet. As we prepare for mainnet, projects like LEVR demonstrate the kind of innovation that can truly accelerate adoption of blockchain technology.'
'Levr is an example of how blockchain can move beyond speculation into real-world use cases with strong mainstream interest,' said Sterling Campbell , Investor at Blockchain Capital. 'Perps and prediction markets are gaining popularity by the day, and they're still in their nascent stage of mainstream consumer exposure. By combining the excitement of sports betting with the transparency and capital efficiency of onchain leverage, we are confident that Levr is uniquely suited to tackle this sector and give their users a great experience.'
Levr Bet has demonstrated strong traction during its testnet, notably around major sporting events, including the 2025 NFL Super Bowl and NCAA March Madness, drawing high engagement in each sport. Beyond usage, Levr has gained recognition within the broader crypto ecosystem, placing third at the inaugural Monad Madness in Fall 2024 and earning a finalist spot at the TOKEN2049 Singapore NEXUS Startup Pitch competition.
'We want to thank our lead investors, Blockchain Capital and Maven 11, plus all other investors, for their increasing support,' said Mr. Blue , Founder of Levr Bet. 'Sports fans worldwide ache for improved betting and in-game participation. With LEVR Bet, users can expect the greatest thrill in sports aside from actually playing the game.'
LEVR Bet joins a series of major fundraising deals for Monad apps, including Kuru, Perpl, FortyTwo, and Opinion Labs. Currently offering markets on MLB, NFL, and NBA, LEVR Bet is now focused on expanding into soccer, cricket, and new bet types ahead of Monad's mainnet launch.
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