Today, Monad’s official team announced on social media platform X: “Monad is about to become even more stable!” This statement hints at an upcoming Token Generation Event (TGE), signaling a robust momentum for future development! Stay tuned for official community updates in the near future.
Monad is building a revolutionary Layer 1 public blockchain designed to enhance blockchain performance by 100–1,000x through groundbreaking technology, resolving throughput and efficiency bottlenecks faced by existing networks (e.g., Ethereum). Its core mission is to accelerate the mass adoption of decentralized applications by supporting more complex DApps (e.g., high-concurrency DeFi, on-chain gaming) and driving large-scale utilization.
Keone Hon: A MIT prodigy and high-frequency trading legend, formerly a core member of Jump Trading. He applies microsecond-level optimization strategies to build a blockchain capable of handling 10,000 transactions per second.
James Hunsaker: An Iowa University geek and distributed systems expert with eight years of experience at Jump Trading. He invented an optimistic parallel execution engine to overcome EVM performance limitations.
Eunice Giarta: A cross-disciplinary MIT elite and traditional fintech veteran, previously in charge of payments at Shutterstock. She leverages Wall Street resources to weave a decentralized financial network.
In February 2023, Monad secured $19 million in Series A funding led by Dragonfly Capital to develop parallel EVM technology and build a high-performance blockchain infrastructure.
In April 2024, it raised 225millioninaSeriesBroundledby∗∗Paradigm∗∗,reachinga3 billion valuation. Funds will expedite mainnet launch and create an Ethereum-compatible high-performance public chain.
In May 2024, Monad completed another funding round led by OKX Ventures, with undisclosed details.
Parallel EVM Execution: Breaks Ethereum’s sequential processing constraints by enabling parallel transaction execution, achieving a theoretical throughput increase of 100–1,000x and over 10,000 TPS.
Full EVM Compatibility: Supports 100% of Ethereum development tools and smart contracts, allowing developers to migrate existing DApps seamlessly with zero learning curve.
MonadBFT Consensus Mechanism: Combines a HotStuff variant with optimistic execution to achieve millisecond-level transaction confirmations while maintaining decentralization.
High Performance, Low Cost: Optimizes state storage and reduces node requirements, significantly lowering gas fees and supporting high-frequency DeFi/GameFi applications.
Developer-First Ecosystem: Retains Ethereum RPC interfaces, integrates with mainstream tools like MetaMask, and offers migration subsidies and developer incentive programs.
Monad is poised to become a benchmark for next-generation high-performance EVM public chains. By leveraging parallel technology to overcome Ethereum’s performance bottlenecks, it aims to achieve 10,000+ TPS and millisecond-level confirmations. Its full compatibility with the Ethereum ecosystem will attract developers and DApps to migrate. If the mainnet launches as planned, it could reshape the Layer 1 competitive landscape, becoming the preferred infrastructure for high-frequency applications like DeFi and GameFi, and driving mass adoption of Web3.
