What’s the pitch?
Monad's Story
Monad is designed to address Ethereum's scalability and efficiency challenges, boasting a high throughput of 10,000 transactions per second (TPS) compared to Ethereum's 15 TPS. Monad's parallel execution model enables transactions to be processed simultaneously, setting it apart from Ethereum's linear approach.
With backing from major investors like Paradigm, Monad's $225 million funding round highlights the excitement around its potential to reshape DeFi and supercharge consumer-based crypto applications. Currently in its "devnet" phase, the network continues to undergo testing before its mainnet launch, which is slated for later this year.