Monad ignites innovation in crypto: Public testnet is Live!

Monad is a Layer 1 blockchain built to deliver high performance while maintaining full compatibility with the Ethereum Virtual Machine (EVM). This means developers can seamlessly run existing Ethereum-based applications and smart contracts on Monad without major code changes. Some of Monad’s standout technical features include:

• Transaction throughput: Monad can handle up to 10,000 transactions per second (TPS), outperforming many existing blockchains.
  Block time: Blocks are produced every second, ensuring near-instant transaction finality.
• Low gas fees: The network’s efficiency significantly reduces transaction costs, making it attractive for a wide range of applications.

In a crowded and competitive blockchain space, Monad differentiates itself through its blend of high throughput and EVM compatibility. Its key competitors include:

• Ethereum: While the pioneer of smart contracts, Ethereum continues to struggle with scalability and high fees during network congestion.
• Solana: Known for its speed, Solana lacks native EVM compatibility—an obstacle for Ethereum-native developers.
• Sei: Another Layer 1 blockchain using Optimistic Parallel Execution like Monad, but still dependent on Geth-based implementation, which introduces certain limitations.

• Full EVM compatibility: Developers can transition effortlessly without having to learn new tools or languages.
• Superior performance: With 10,000 TPS and 1-second block times, Monad offers a smooth experience for both users and developers.
• Low fees: Ideal for applications requiring microtransactions or cost-sensitive user engagement.

Monad aims to serve a broad range of participants in the crypto ecosystem by delivering clear technical advantages. Its main beneficiaries include:

• Decentralized application (dApp) developers: Monad provides a scalable and efficient environment, while supporting familiar Ethereum-based tools and workflows.
• End users: Fast transactions and negligible fees enhance the user experience across various services.
• DeFi and NFT projects: Thanks to its processing power and cost-efficiency, Monad is well-suited for decentralized finance platforms and NFT creation and trading.

Key benefits of using Monad:

• Scalability: Supports large user bases and high transaction volumes without performance loss.
• Economic efficiency: Lower fees enable more sustainable and accessible business models.
• Growing ecosystem: Over 80 protocols and dApps are expected to launch on Monad by the time the mainnet goes live, offering users and developers a robust range of services and opportunities.

Monad is emerging as a bold new player in the Layer 1 blockchain arena, promising a rare mix of speed, efficiency, and Ethereum ecosystem compatibility. The launch of its public testnet is a pivotal moment, giving both developers and users a firsthand look at the technology powering this next-generation chain.

With parallel transaction execution, low fees, and optimized architecture, Monad positions itself as a serious contender to its more established rivals.

One of the most promising aspects of Monad is the enthusiastic support it’s already receiving from the developer community. With more than 80 projects planning to build on the network, the future looks bright.

In an industry where technical innovation defines success, Monad enters the scene with strong fundamentals to capture the attention of both investors and builders. The public testnet is only the beginning, but if the team can deliver on its vision, Monad could well set a new standard for blockchain performance and usability. It remains to be seen how the network will evolve and whether it will manage to earn its place among the industry giants.