KEYTAKEAWAYS
- Monad processes 10,000 TPS with 1-second block times, making it faster than most blockchains while maintaining security and decentralization.
- Monad fully supports EVM, enabling seamless migration for existing Ethereum DApps, smart contracts, and wallets like MetaMask.
- With fees under $0.01 and parallel execution technology, Monad reduces costs and increases efficiency for DeFi, NFTs, and blockchain gaming.
CONTENT
In the blockchain world, there is a well-known problem called the “impossible triangle” – decentralization, security, and scalability cannot be fully achieved at the same time. Many blockchains sacrifice one of these aspects to improve the others. Monad is trying to solve this problem by creating a high-performance Layer 1 blockchain that balances all three.
100,000,000 total transactions on testnet
it’s only been one week pic.twitter.com/KfOr5vi9f5
— Monad ⨀ (@monad_xyz) February 26, 2025
Monad was created by Monad Labs in 2022. It aims to provide high transaction speed, low costs, and full Ethereum compatibility, allowing users to run smart contracts in a more efficient blockchain environment.
WHY IS MONAD’S TESTNET SO IMPRESSIVE?
On February 19, 2025, Monad officially launched its testnet. Just 7 days later, the total number of transactions surpassed 100 million. This is an incredible achievement, even when compared to many well-established blockchains. But what makes Monad so special?
High Speed – Faster Than Most Blockchains
Blockchain transaction speed is measured in TPS (Transactions Per Second). For example:
- Bitcoin: 7 TPS
- Ethereum: 30 TPS
- Solana: 4,000 – 5,000 TPS
Monad, on the other hand, achieves 10,000 TPS with a 1-second block time. This means that transactions are confirmed almost instantly, making it perfect for DeFi, NFT trading, and blockchain gaming.
Ethereum Compatibility – Easy Migration
Ethereum’s EVM (Ethereum Virtual Machine) is the most widely used smart contract environment. Many developers and applications depend on EVM to function. Monad is fully compatible with EVM, which means that existing Ethereum smart contracts, wallets (like MetaMask), and DApps can move to Monad without rewriting code.
This is a big advantage because it lowers migration costs and makes it easier for Ethereum-based projects to adopt Monad. In just a few days, Wormhole (a cross-chain bridge) and PancakeSwap (a popular decentralized exchange) have already launched on Monad’s testnet, proving its strong potential.
Parallel Execution – More Efficient Transactions
Traditional blockchains process transactions one by one in order. This method ensures security but also slows down the network, causing congestion and high gas fees.
Monad uses parallel execution, similar to how modern CPUs handle multiple tasks at once. It allows multiple transactions to be processed at the same time, improving efficiency. If a conflict happens, the system can automatically reorder and retry transactions.This increases transaction speed while still keeping the network safe and reliable.
Low Fees – More Affordable for Users
Gas fees on Ethereum are often very expensive, sometimes costing dozens or even hundreds of dollars per transaction during peak times. Even Ethereum’s Layer 2 solutions (like Arbitrum and Optimism) still have noticeable fees.Monad’s testnet keeps transaction fees under $0.01. This makes trading, DeFi, and NFTs much more affordable, allowing more users to participate without worrying about high costs.
Lower Hardware Requirements – More Decentralization
Some blockchains, like Solana, require powerful hardware to run a node. This makes it harder for normal users to participate in network security.Monad reduces hardware requirements, making it easier for individuals to run nodes and contribute to the network. This could improve decentralization while keeping the network efficient.
WHAT’S NEXT FOR MONAD?
Monad’s impressive testnet performance has made many people excited for its mainnet launch, which is expected later in 2025. It may also introduce its native token with possible airdrop rewards to attract early users and developers.
In terms of ecosystem growth, Monad is already attracting major DeFi, NFT, and GameFi projects. According to official estimates, Monad may have 150-200 projects by the time the mainnet is live. This could turn it into a fully developed blockchain ecosystem.
However, competition is strong. Monad will have to compete with:
- Solana (high-speed but relies on centralization)
- Aptos & Sui (new blockchains using Move language, but still growing)
- Ethereum Layer 2 (like Arbitrum and Optimism, which are secure but depend on Ethereum)
Monad’s biggest advantage is that it keeps Ethereum compatibility while achieving high speed and low costs. This makes it unique in the blockchain industry.
FINAL THOUGHTS
Monad’s testnet reaching 100 million transactions in just one week is not just a number—it’s proof of its technical strength. It offers a solution to the scalability problem while maintaining decentralization and security.
As the mainnet launch approaches, Monad will face new challenges. Can it maintain its high performance in a real-world environment? Can it attract enough developers and users to grow its ecosystem?Only time will tell. But one thing is certain—Monad is a project worth watching.
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