🟣Recommendation Index ⭐ ⭐ ⭐ ⭐ ⭐
🟣Project Introduction
Monad is an EVM-compatible Layer 1 blockchain, focusing on portability and high performance. In terms of portability, it achieves full compatibility with EVM, facilitating seamless migration of Ethereum Dapps. In terms of performance, the goal is to reach 10,000 true TPS (1 billion transactions daily) and a 1-second block time, to support more users and reduce transaction costs. The core technologies are parallel execution and superscalar pipelines.
🟣Funding History
Monad has achieved significant fundraising results, completing a $19 million seed round on February 14, 2023, and a $225 million funding round on April 9, 2024.
🟣Technical Analysis
Technically, Monad's client is written in C and Rust, emphasizing performance. To address challenges such as inefficient storage access and single-thread execution limitations faced by Ethereum, it introduces parallel transaction execution, delayed execution, and the MonadDb database. The choice of an independent L1 blockchain instead of a Rollup solution is rooted in the three elements of decentralization, performance, and focus. It is committed to building a fully decentralized, high-performance, and scalable platform, demonstrating its commitment to decentralization and determination to drive industry development.
🟣Monad Foundation Established
Recently, the Monad Foundation was officially established. Its main activities revolve around promoting validator-led governance and community-driven improvement proposals, providing network-related developer documentation, and participating in the ecosystem development, marketing, and consulting services of the Monad protocol. Keone Hon and Eunice Giarta joined the foundation, along with some employees from Monad Labs, such as those in business development, ecosystem, community, marketing, developer relations, and operations teams.
🟣Summary and Outlook
Monad opens a new chapter in blockchain technology through technological innovation and strategic choices. With increased attention and participation, it is expected to advance blockchain technology while exploring a new future in the crypto world.
