Last Updated: March 2026
Monad is an upcoming Layer 1 blockchain promising 10,000 TPS with full EVM compatibility through parallel execution. It’s one of the most hyped upcoming launches in crypto, having raised $225M from top VCs before mainnet.
History
Founded by Keone Hon (ex-Jump Trading). Raised $225M from Paradigm, Dragonfly, and others — one of the largest raises for a chain that hasn’t launched yet. The Jump Trading pedigree brings high-frequency trading expertise to blockchain design. Testnet launched in 2024.
How Monad Works
Monad achieves 10,000 TPS through parallel execution of EVM transactions. Instead of processing transactions one-by-one (like Ethereum), Monad identifies independent transactions and processes them simultaneously. Crucially, it maintains full EVM bytecode compatibility — any Ethereum app works on Monad without code changes. See smart contract guide.
Monad vs Sei vs Solana
- Monad: Full EVM bytecode compatible, 10K TPS, not yet launched
- Sei: Parallelized EVM, 390ms finality, live. See Sei guide
- Solana: Non-EVM (Rust/Move), 4K actual TPS, largest ecosystem. See Solana
Why Monad Matters
- EVM compatibility: Every Ethereum app works — no code changes needed
- Performance: 10,000 TPS would make it the fastest EVM chain
- HFT expertise: Jump Trading background = deep understanding of transaction ordering and MEV
Pros and Cons
- Pro: Full EVM compatibility with 10K TPS (best of both worlds)
- Pro: $225M VC backing (Paradigm, Dragonfly)
- Pro: Jump Trading founder = HFT engineering expertise
- Con: Not yet launched — all theoretical until mainnet
- Con: Extremely crowded EVM L1/L2 space
- Con: Massive valuation before product-market fit proven
Frequently Asked Questions
Is Monad safe?
Monad inherits security from its consensus mechanism. Smart contract risks exist on individual dApps, not the chain itself.
How do I use Monad?
Add Monad to your wallet (MetaMask for EVM chains), bridge or withdraw assets from an exchange, and interact with dApps.
Is Monad a good investment?
Evaluate based on ecosystem growth, developer activity, and competitive positioning vs other chains. See our altcoin guide.
