The media reported the launch of the L1 blockchain Monad testnet

On November 18, the deployment of the EVM-compatible L1 platform Monad's test network began. This became known to The Block.

Crypto trader Jordan Fish, known by the pseudonym Cobie, reported a successful "quick" transaction. During internal testing in March, the network demonstrated a throughput of 10,000 TPS.

The project achieves higher transaction processing speeds through its own EVM with a high degree of process parallelization.

Thanks to compatibility with EVM bytecode, developers will find it easier to port their applications from Ethereum to Monad.

According to previously announced plans, the team intends to launch the main network of Monad by the end of the year.