Latest News:

The number of Monad testnet accounts has reached 140 million and is on the verge of breaking through 150 million! There were 6 million new account registrations in a single day!

Monad Labs Milestones

🔸 February 2022: Monad Labs was officially established.

🔸 February 2023: Monad raised $19 million in a seed round of financing.

🔸 September 2023: The technical white paper was released, proposing a parallel EVM architecture.

🔸 April 2024: A single round of financing amounted to $225 million, with significant participation from OKX.

🔸 February 2025: The testnet was launched, with peak TPS reaching 3,000 and the number of addresses breaking through 84 million (as of March 2025).

🔸 Q2 2025 (planned): Mainnet launch!

The Monad Explorer - Layer3

What is Monad Labs?

Track: Infrastructure Layer 1 Parallel EVM

Founded in 2022 by Keone Hon, James Hunsaker, and Eunice Giarta, former members of Jump Trading, Monad aims to optimize EVM execution efficiency through "parallel processing" technology, addressing issues of Ethereum network congestion, high gas fees, and low throughput (only 12 TPS). Monad is leveraging the best parts of parallel-execution blockchains (e.g., Solana) and making them compatible with existing Ethereum applications. Over 100 mature Ethereum platforms have committed to integrating with Monad once it reaches mainnet status.

Monad Labs Development Team

Founded by core members of Jump Trading, the Monad team has deep experience in traditional financial high-frequency trading (HFT) and low-latency systems.

🔸 Keone Hon is the co-founder and CEO of Monad, previously leading a high-frequency trading division at Jump Trading. He graduated from the Massachusetts Institute of Technology.

🔸 James Hunsaker is a co-founder of Monad, formerly a senior software engineer at Jump Trading. He graduated from the University of Iowa.

🔸 Eunice Giarta is the co-founder and COO of Monad, with extensive experience in traditional fintech.

Monad Labs Financing

🔸 February 2023: Monad Labs completed a $19 million seed round, led by Dragonfly Capital, with participation from Finality Capital, angel investor Naval Ravikant, and others.

🔸 April 2024: Monad Labs secured $225 million in funding, led by Paradigm, with other investors including Electric Capital.

🔸 May 2024: OKX Ventures announced an investment in Monad Labs to fuel innovation in Web3 and decentralized computing, shaping the future of blockchain technology. The specific amount was not disclosed.

Monad Labs Hong Kong Trip

Monad co-founder Eunice, along with the APAC/US team, visited Hong Kong and engaged in brainstorming sessions with over 40 founders. They discussed potential ecosystem applications and DeFi concepts based on Monad, addressing various challenges faced by entrepreneurs and generating valuable ideas and possibilities in a positive atmosphere.

Market Positioning and Competition of Monad Labs

Monad positions itself as an enhanced version of Ethereum, aiming to provide speed and cost efficiency superior to Solana while maintaining the advantages of the EVM ecosystem. Its main competitors include:

• Ethereum and its Layer 2 solutions: Ethereum is also improving performance through sharding and Rollups (such as Arbitrum and Optimism), but Monad's native high throughput may attract developers seeking simpler solutions.

• High-performance chains like Solana and Aptos: These blockchains have demonstrated the feasibility of high TPS, but Monad's EVM compatibility could be its differentiating advantage.

Once Monad's mainnet is launched and it delivers on its technical promises, it is likely to establish a significant market share in the Layer 1 space through strong community and developer support.

Future Potential of Monad Labs

Overall, Monad's future potential lies in its ability to deliver on its technical promises and build a thriving ecosystem.

• Driving Blockchain Adoption: Low cost and high performance will bring blockchain applications closer to everyday use, accelerating mass adoption.

• Reshaping the EVM Landscape: Becoming a significant complement to the Ethereum ecosystem and potentially challenging its dominant position.

• Enabling New Use Cases: Supporting complex, high-concurrency decentralized applications, such as large-scale on-chain games or real-time financial systems.

Current Status and Future Outlook

Currently, Monad is in the testnet phase (launched on February 19, 2025), with the mainnet set to launch soon. In the long run, if Monad realizes its vision, it is poised to become a significant choice in the blockchain space in 2025.

Latest News:

The number of Monad testnet accounts has reached 140 million and is on the verge of breaking through 150 million! There were 6 million new account registrations in a single day!

Monad Labs Milestones

🔸 February 2022: Monad Labs was officially established.

🔸 February 2023: Monad raised $19 million in a seed round of financing.

🔸 September 2023: The technical white paper was released, proposing a parallel EVM architecture.

🔸 April 2024: A single round of financing amounted to $225 million, with significant participation from OKX.

🔸 February 2025: The testnet was launched, with peak TPS reaching 3,000 and the number of addresses breaking through 84 million (as of March 2025).

🔸 Q2 2025 (planned): Mainnet launch!

The Monad Explorer - Layer3

What is Monad Labs?

Track: Infrastructure Layer 1 Parallel EVM

Founded in 2022 by Keone Hon, James Hunsaker, and Eunice Giarta, former members of Jump Trading, Monad aims to optimize EVM execution efficiency through "parallel processing" technology, addressing issues of Ethereum network congestion, high gas fees, and low throughput (only 12 TPS). Monad is leveraging the best parts of parallel-execution blockchains (e.g., Solana) and making them compatible with existing Ethereum applications. Over 100 mature Ethereum platforms have committed to integrating with Monad once it reaches mainnet status.

Monad Labs Development Team

Founded by core members of Jump Trading, the Monad team has deep experience in traditional financial high-frequency trading (HFT) and low-latency systems.

🔸 Keone Hon is the co-founder and CEO of Monad, previously leading a high-frequency trading division at Jump Trading. He graduated from the Massachusetts Institute of Technology.

🔸 James Hunsaker is a co-founder of Monad, formerly a senior software engineer at Jump Trading. He graduated from the University of Iowa.

🔸 Eunice Giarta is the co-founder and COO of Monad, with extensive experience in traditional fintech.

Monad Labs Financing

🔸 February 2023: Monad Labs completed a $19 million seed round, led by Dragonfly Capital, with participation from Finality Capital, angel investor Naval Ravikant, and others.

🔸 April 2024: Monad Labs secured $225 million in funding, led by Paradigm, with other investors including Electric Capital.

🔸 May 2024: OKX Ventures announced an investment in Monad Labs to fuel innovation in Web3 and decentralized computing, shaping the future of blockchain technology. The specific amount was not disclosed.

Monad Labs Hong Kong Trip

Monad co-founder Eunice, along with the APAC/US team, visited Hong Kong and engaged in brainstorming sessions with over 40 founders. They discussed potential ecosystem applications and DeFi concepts based on Monad, addressing various challenges faced by entrepreneurs and generating valuable ideas and possibilities in a positive atmosphere.

Market Positioning and Competition of Monad Labs

Monad positions itself as an enhanced version of Ethereum, aiming to provide speed and cost efficiency superior to Solana while maintaining the advantages of the EVM ecosystem. Its main competitors include:

• Ethereum and its Layer 2 solutions: Ethereum is also improving performance through sharding and Rollups (such as Arbitrum and Optimism), but Monad's native high throughput may attract developers seeking simpler solutions.

• High-performance chains like Solana and Aptos: These blockchains have demonstrated the feasibility of high TPS, but Monad's EVM compatibility could be its differentiating advantage.

Once Monad's mainnet is launched and it delivers on its technical promises, it is likely to establish a significant market share in the Layer 1 space through strong community and developer support.

Future Potential of Monad Labs

Overall, Monad's future potential lies in its ability to deliver on its technical promises and build a thriving ecosystem.

• Driving Blockchain Adoption: Low cost and high performance will bring blockchain applications closer to everyday use, accelerating mass adoption.

• Reshaping the EVM Landscape: Becoming a significant complement to the Ethereum ecosystem and potentially challenging its dominant position.

• Enabling New Use Cases: Supporting complex, high-concurrency decentralized applications, such as large-scale on-chain games or real-time financial systems.

Current Status and Future Outlook

Currently, Monad is in the testnet phase (launched on February 19, 2025), with the mainnet set to launch soon. In the long run, if Monad realizes its vision, it is poised to become a significant choice in the blockchain space in 2025.