ChainCatcher news, according to The Block, sources reveal that the Ethereum-compatible Layer 1 blockchain Monad has begun a phased launch of its testnet. Crypto trader Jordan Fish (also known as Cobie) wrote on the X platform: "I made a trade, it was very fast." Cobie later confirmed that his post was about the Monad testnet. Previously, Monad launched its development network in March and achieved 10,000 transactions per second in internal testing.