Massive crypto raises are back: Paradigm, the venture firm behind many of the industry’s top startups, is in talks to lead a round north of $200 million for Monad Labs, a startup that aims to build a faster competitor to the blockchain Ethereum, according to people familiar with the raise. The round, which would follow Monad Labs’ $19 million seed round announced in February 2023, values the startup at $3 billion, according to those familiar with the deal. Paradigm has signaled it will commit $150 million and has been reaching out to other investors to gauge their interest in joining the round since late 2023.