Monad - The Next Big Wave in Layer 1 Blockchain?

1/ Monad: The Solana-Ethereum Hybrid Blockchain
In a world dominated by Ethereum’s ecosystem & Solana’s speed, @monad_xyz emerges as a Layer 1 blockchain aiming to combine the best of both. With a bold target of 10,000 TPS, Monad could redefine scalability & EVM compatibility in blockchain. Let’s explore 🧵

2/ The Funding & Founders Behind Monad
Monad is backed by heavyweights like Paradigm, Dragonfly Capital, Coinbase Ventures, and Wintermute Ventures, securing $225M in funding.
The founding team consists of co-founders CEO Keone Hon, CTO James Hunsaker, and COO Eunice Giarta, bringing high-performance expertise from their previous fields to Monad.

3/ Why Monad? EVM Meets High Performance
Ethereum’s dominance (90% of TVL) is undeniable, but low throughput (14 TPS) & high gas fees remain bottlenecks. Monad is EVM-compatible but tackles Ethereum’s scalability issues by introducing parallel execution, aiming for 10,000 TPS today & 40,000 TPS in the longer-term.
This is achieved through Monad's key technical breakthroughs:
💜 Parallel Execution: Processes independent transactions simultaneously for higher throughput.
💜 EVM Compatibility: Unlike Solana’s SVM, Monad sticks with EVM to leverage Ethereum’s ecosystem while bringing Solana-like speed.
💜 Asynchronous Execution: Splits consensus & execution for real-time performance.

4/ The Unique Value Proposition
🟣 Monad combines Solana-level performance with Ethereum’s robust ecosystem.
🟣 Developers can migrate Ethereum smart contracts seamlessly.
🟣 High throughput and low latency make it ideal for DeFi, GameFi, and high-frequency trading applications.

5/ The Ecosystem: What’s Happening on Monad?Monad’s ecosystem is already showing promise:
💜 Drake (@DrakeExchange): A high-speed perpetual DEX leveraging Monad’s low latency.
💜 Anterrise: A GameFi project targeting Web2 & Web3 users.
💜 Monadex (@Monadex_labs): A DeFi hub engaging users via community-driven activities.
💜 Cross-Chain Partnerships: Wormhole integration enhances asset interoperability.

6/ Challenges & Opportunities
🟣 Challenges:
- Early-stage ecosystem with limited traction.
- Convincing developers to migrate from Solana & Ethereum.
🟣 Opportunities:
- High-throughput use cases like DeFi & gaming.
- Strong backing & partnerships to scale rapidly.

7/ The Road Ahead
🟣 Short-Term (2024-25): Mainnet launch with 150+ dApps.
🟣 Mid-Term (2025): Ecosystem expansion & global hackathons to attract developers.
🟣 Long-Term (beyond 2025): Compete as the go-to high-performance EVM-compatible L1.

With its strong technical foundation, Monad has the potential to become a leading Layer 1 platform.

What excites you most about Monad? Share your thoughts below!
#Monad #Blockchain #DeFi #Crypto #etherum