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Monad

Category: Layer 1

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Overview

Total XP Rewards

160

Estimated Rewards

$50M

Funding

$244M

Current Stage

Season 0

Total value locked

-

Unique Users

-

Chains

chain image

Phase

Testnet

Structure

-

Gas

No

Grade

A

Tasks

0/8

TGE

-

Type

Layer 1

Confirmed

Yes

Date

about 1 month ago

Introduction

  • Monad is a high-performance, Ethereum-compatible Layer 1 blockchain designed for speed, scalability, and efficiency. 
  • It uses parallel execution, low fees, and optimized consensus to process up to 10,000 transactions per second.

Tasks

task-link

Visit https://testnet.monad.xyz/ 

  • Switch your Phantom or Backpack wallet to Monad Testnet, connect, and claim testnet MON.
task-link

Visit https://monad.ambient.finance 

  • Swap MON to USDC/WETH.
  • Provide liquidity in Pools.
task-link

Visit https://www.magmastaking.xyz/ 

  • Stake MON to receive gMON.
task-link

Visit https://testnet.multipli.fi/ 

  • Claim USDC & USDT, stake to earn tORB, future ORB.
task-link

Visit https://app.uniswap.org 

  • Swap MON to WMON/USDT.
task-link

Visit https://app.nad.domains 

  • Register and claim a domain name.
task-link

Visit https://kuru.io/markets 

  • Deposit MON and start trading.
task-link

Visit https://testnet.nad.fun 

  • Create or buy a memecoin on the bonding curve and trade.

Fundamentals

  • High Throughput: Handles up to 10,000 TPS, far exceeding Ethereum’s 10 TPS, ensuring smooth scalability.
  • Low Latency: 1-second block times with near-instant finality, allowing for fast and efficient transactions.
  • Cost Efficiency: Sub-cent gas fees make transactions highly affordable, reducing barriers for users and developers.
  • EVM Compatibility: Fully supports Ethereum smart contracts without any modifications, ensuring easy deployment.
  • Parallel Execution: Executes multiple transactions simultaneously using optimized scheduling for better performance.
  • Asynchronous Execution: Separates execution from consensus, improving efficiency and reducing bottlenecks.

Potential Rewards

  • Monad may reward users through an airdrop, encouraging early adoption and active participation to strengthen its ecosystem.
  • Interacting with Monad's testnet dApps and completing tasks could improve eligibility for future airdrops.
  • While details and timelines are unconfirmed, these activities may position users for potential token distributions upon mainnet launch.

Investors

  • Paradigm
  • Electric Capital
  • Dragonfly Capital
  • OKX

Features

  • Custom Execution & Consensus: Built from scratch, Monad optimizes execution and consensus for higher speed and scalability.
  • Modular Architecture: Separates execution and consensus, improving efficiency, upgrades, and system stability.
  • Optimized State Management: MonadDB enhances storage efficiency, reducing data retrieval times and costs.
  • Developer-Friendly Ecosystem: Provides extensive documentation, Discord support, and easy smart contract deployment.

Non-Financial Advice

  • Research:  Explore project's documentation, audits, and community.
  • Understand risks:  DeFi has vulnerabilities, market volatility, and token fluctuation.
  • Invest wisely:  Only invest what you can afford to lose.
  • Beware of scams:  Don't trust unsolicited outreach or guaranteed returns.

*ANZALI only provides suggestions and not financial advice. Use all of the information above at your own risk.

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