# Devnet ecosystem Monad By [geohookah](https://paragraph.com/@geohookah) · 2024-04-09 --- **General overview of the project and its essence** Monad is a decentralized developer-oriented Tier 1 smart contract platform that opens up a new paradigm of possibilities by pipelining Ethereum transactions, namely 10,000 transactions per second, which opens the door to distributed applications. This platform was created to optimize a stack-based virtual machine, a storage layer that supports the state of millions of accounts, a consensus mechanism for synchronizing thousands of nodes (distributed worldwide), as well as many components and standards that support a thriving ecosystem of decentralized applications. Monad remains fully compatible with JAVA bytecode and the Ethereum RPC API, which means smooth portability for EVM developers, who account for 98% of in-network TVL in all ecosystems. Supporting all this in one segment allows you to create powerful composable applications built on the basis of a global repository of truth. **_Basic technologies:_** MonadBFT Mongodb Deferred execution Parallel execution Monad Labs, founded by former senior staff developers of the trading firm Jump Trading, where Keone Hong and Jameson Hansaker, as well as Yunis Giarta in 2022, is a technology startup with the support of leading venture funds such as DragonFly (which led the funding round in 2023 and managed to raise $19 million), Lemniscap, Placeceholder, as well as leaders in this field such as Cobie and Hasu. But this is not the limit, in the near future, namely in 2024, the Monad team is going to raise funds for further development and as it became known, Paradigm can allocate $ 150 million as investments, as well as many other sponsors are interested in this project. If this round is successful, (and there can be no doubt), then the valuation of this project will grow to $ 3 billion, which gives a tremendous opportunity to be in the top among such projects. **_But today there is already official news that an investment of $225 million has taken place from Paradigm, which led the round by a lead investor_** - [https://fortune.com/crypto/2024/04/09/monad-paradigm-greenoaks-jump-crypto-funding-225-million](https://fortune.com/crypto/2024/04/09/monad-paradigm-greenoaks-jump-crypto-funding-225-million) / or here [https://twitter.com/monad\_xyz/status/1777687376136982767](https://twitter.com/monad_xyz/status/1777687376136982767) . ![](https://storage.googleapis.com/papyrus_images/2910cf98e9dd35cfb63b4e0fe4672ce49e3d0f68ff4b8e400534ab68d5f3efb0.jpg) At the moment, the most popular narratives on the crypto market over the past 180 days (based on the number of successfully closed funding rounds) in Monad's investment focus are: **24.25% NFT** **24.25% Data Service** **19.78% DEX** **16.04% Artificial Intelligence (AI)** **15.67% Lending/Borrowing** Currently, the current investor activity compared to the average monthly activity over the past 12 months is 54%. At the moment, the launch of the blockchain test network is in full development, all information can be obtained from the Admin on the Discord network, and of course, take an active part in the life of the project. The most active ones that will be noticed (writing articles, art, memes, communication and helping beginners to master the project, etc. Activities do not require financial expenses) - roles will be distributed, which will increase the chance of receiving drops. It is also recommended to get the nars role, but it cannot be only through nomination and then the moderators will decide. ![What is there at the devnet stage already?](https://storage.googleapis.com/papyrus_images/16638375b6711429b1f6886f4b553d587fa8d3c800aef20919ed0072211a73e5.png) What is there at the devnet stage already? The first thing that is, of course, **_DEX_** is primarily exchanges and the provision of liquidity - Tayaswap([https://twitter.com/tayaswap](https://twitter.com/tayaswap)),Ambient Finance([https://twitter.com/ambient\_finance](https://twitter.com/ambient_finance)), ShrimpDEX([https://twitter.com/ShrimpDEX](https://twitter.com/ShrimpDEX)),Nitro Finance([https://twitter.com/NitroFinance](https://twitter.com/NitroFinance)), Wombat([https://twitter.com/WombatExchange](https://twitter.com/WombatExchange)),Pear Protocol([https://twitter.com/pear\_protocol](https://twitter.com/pear_protocol)),Dyson Finance([https://twitter.com/DysonFinance](https://twitter.com/DysonFinance)),Balancer([https://twitter.com/Balancer](https://twitter.com/Balancer)), Catalyst [https://twitter.com/CatalystAMM](https://twitter.com/CatalystAMM)). **_Liquidity providers_** - where it is possible to provide liquidity to increase the TVL ecosystem -Elixir([https://twitter.com/Elixir](https://twitter.com/Elixir)), Swaap Finance([https://twitter.com/SwaapFinance](https://twitter.com/SwaapFinance)). **_Lending & Borrowing protocols_**, where you can make a supply and borrow a loan -Timeswap([https://twitter.com/TimeswapLabs](https://twitter.com/TimeswapLabs)), Pike Finance([https://twitter.com/PikeFinance](https://twitter.com/PikeFinance)), Curvance([https://twitter.com/curvance?s=21](https://twitter.com/curvance?s=21)). **_Yield Protocols_** -ACryptoS([https://twitter.com/acryptosdao](https://twitter.com/acryptosdao)). \*\*\*Liquid Staking,\*\*\*where you can stake your assets as it is now in ETH- MagmaDAO([https://twitter.com/MagmaDAO](https://twitter.com/MagmaDAO)), Dexponent([https://twitter.com/Dexponentx](https://twitter.com/Dexponentx)). **_NFT Marketplace_**, where you can trade on the Monad NFT network - Poply([https://twitter.com/poply\_xyz](https://twitter.com/poply_xyz)). At the moment there are such **_NFT collections_** and their number will grow with the launch of the NFT Collection testnet -Monad Nomads NFT( [https://twitter.com/MonadNomadsNFT](https://twitter.com/MonadNomadsNFT)), Skrumpeys( [https://twitter.com/skrumpeys](https://twitter.com/skrumpeys)), Monadians( [https://twitter.com/Monadiansio](https://twitter.com/Monadiansio)), Blocknads( [https://twitter.com/BlockNads](https://twitter.com/BlockNads)), BOO( [https://twitter.com/theBooDAO](https://twitter.com/theBooDAO)), SpikyNads( [https://twitter.com/spikynads](https://twitter.com/spikynads)), Woolly Eggs( [https://twitter.com/WoollyEggs](https://twitter.com/WoollyEggs)). A new direction **_NFT-Fi and GameFi_**\-DeMask Finance([https://twitter.com/DemaskFinance](https://twitter.com/DemaskFinance)), Breath of Estova([https://twitter.com/BreathOfEstova](https://twitter.com/BreathOfEstova)). Probably the most important thing that pulls up the data is **_Oracle_** -Switchboard([https://twitter.com/switchboardxyz](https://twitter.com/switchboardxyz)), Pyth Network([https://twitter.com/PythNetwork](https://twitter.com/PythNetwork)) you can also zap pyth here - [https://staking.pyth.network](https://staking.pyth.network) . An important link in the entire network is the **_Bridge_**, as a tool for attracting TVL-Wormhole([https://twitter.com/wormhole](https://twitter.com/wormhole)),LayerZero([https://twitter.com/LayerZero\_Lab](https://twitter.com/LayerZero_Labs)), Axelar Network([https://twitter.com/axelarnetwork](https://twitter.com/axelarnetwork)), Decent([https://x.com/decentxyz](https://x.com/decentxyz)). **_Wallet/Payments_** or how to use it all -Metamask([https://twitter.com/MetaMask](https://twitter.com/MetaMask)), Rabby([https://twitter.com/Rabby\_io](https://twitter.com/Rabby_io)), Sphere([https://twitter.com/sphere\_labs](https://twitter.com/sphere_labs)). **_Tools_** or a very convenient thing for monitoring -Notifi([https://twitter.com/NotifiNetwork](https://twitter.com/NotifiNetwork)),DreamOS( [https://twitter.com/theDreamOS](https://twitter.com/theDreamOS)), Parsec([https://twitter.com/parsec\_finance](https://twitter.com/parsec_finance)), Metadrop([https://twitter.com/metadropmeta](https://twitter.com/metadropmeta)). **_Artificial intelligence AI and name service_** or just a domain name -AIT Protocol([https://twitter.com/AITProtocol](https://twitter.com/AITProtocol)), Monad Name([https://twitter.com/MonadName](https://twitter.com/MonadName)). I also note that this is all a preliminary list at the devnet stage and projects are added as the testnet is launched and they can be found here [https://docs.google.com/spreadsheets/d/1BkBAHhwbHMK7spTrBa9kmgWeBqKPJOTR6Ebl6eENOwQ/edit#gid=0](https://docs.google.com/spreadsheets/d/1BkBAHhwbHMK7spTrBa9kmgWeBqKPJOTR6Ebl6eENOwQ/edit#gid=0) Все необходимое для себя можно найти тут ниже Official website - [https://www.monad.xyz/](https://www.monad.xyz/) Twitter - [https://twitter.com/monad\_xyz](https://twitter.com/monad_xyz) Discord - [https://discord.gg/monad](https://discord.gg/monad) --- *Originally published on [geohookah](https://paragraph.com/@geohookah/devnet-ecosystem-monad)*