Levr Bet, has announced it has completed a $3 million round led by Blockchain Capital and Maven 11 for the world’s first leveraged sports betting platform. Building on Monad, the seed round brings Levr’s fundraising total to $5.3 million since 2024.

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.”