Monad: The Rise of a New Generation of High-Performance Blockchain

In the wave of continuous evolution of Blockchain technology, Monad, as a star project that secured $225 million in financing in 2024 (valued at over $2 billion), is reshaping the Layer 1 competitive landscape with its "fully EVM-compatible high-performance Blockchain." The project is led by top-tier capital and will launch a public testnet covering 8.8 million Ethereum addresses on February 19, 2025, demonstrating strong technical prowess. Let's delve into Monad's technological innovations, testnet data, and its market potential.

I. Technological Innovation: Four Dimensions of Breakthroughs, Building a High-Performance Ecosystem

Monad is positioned as a "high-performance blockchain fully compatible with EVM," aiming to achieve a leap in performance through four major technological innovations, addressing the scalability bottleneck of the Ethereum network while maintaining EVM compatibility, and creating an efficient, user-friendly blockchain network to support large-scale applications.

(1) Monad BFT Consensus Mechanism

• Pipeline BFT: Parallelizing the three phases of traditional BFT, compressing the block confirmation time to 0.8 seconds.
• Dynamic Validator Set: The initial 100 nodes are dynamically adjusted through reputation scoring, and malicious nodes are removed within 24 hours.
• Anti-witch design: Introduces hardware fingerprint authentication, allowing a single entity to control up to 3% of the verification power.

(2) Execution Layer Revolution: EVM Multithreading

• Dependency Graph: Build DAG to automatically identify parallel transaction packages
• Conflict resolution mechanism: Establish a "dispute buffer zone" to handle conflicting transactions, reducing duplicate execution by 30%.
• Gas Optimizer: Reconstructs the Gas calculation model, saving 22% fees on common DeFi contracts.

(3) Storage Innovation: MonadDB State Database

• Three-tier storage architecture: Memory (5%), SSD (70%), HDD (25%)
• State proof lightweight: Using zk-STARK to generate storage proofs, verification speed increased by 8 times.

(4) EVM Compatibility

• 100% support for the opcodes and precompiled contracts after the Ethereum Shanghai upgrade
• The "State Sharding Precompiled" technology reduces Gas consumption for complex contracts by 40%.
• EVM+ Developer Kit supports one-click migration of smart contracts

2. Testnet Data Reveals Monad Potential

The launch of the testnet in 2025 set a milestone in the industry:

• Completed 8.8 million address airdrops in 30 minutes, with peak TPS reaching 5,200
• Processed 334 million RPC requests within 12 hours, with API response times stable under 80ms
• The integration level of the developer toolchain reaches 92%, seamlessly connecting with mainstream frameworks.

How to obtain test coins:

1. Basic access channel: official faucet or through a certain trading platform to receive water center
2. Complete community tasks to earn extra rewards
3. Use third-party platforms to receive large amounts of test coins (suitable for developers)

3. Monad Market Competition and Ecological Potential

Monad demonstrates unique advantages in performance, consensus mechanisms, and EVM compatibility:

| Dimension | Bitcoin | Some Public Chain | Some Public Chain | Monad | |--------|-------|-------|-----|----------| | Consensus Mechanism | PoW | PoH+PoS | DPoS | MonadBFT | | Number of Nodes | 15,000+ | 1,200 | 27 | 100-200 | | Finality Time | 60 minutes | 13 seconds | 3 seconds | 1 second | | Transaction Cost | $1.5-50 | $0.00 | $0.01 | $0.001 | | EVM Compatibility | No | Partial | No | 100% |

Monad's high performance and EVM compatibility make it suitable for a variety of application scenarios, including DeFi, NFT, Blockchain games, and supply chain management.

4. Security Considerations: Risk Warnings Behind Innovation

From a blockchain security perspective, Monad may face the following challenges:

Consensus Layer:

• Initial validator centralization risk
• The staking economic model has not yet been clarified.

Execution Layer:

• Parallel transaction dependency detection needs further verification.
• EVM compatibility may lead to the re-emergence of historical vulnerabilities

Storage Layer:

• The SSD data verification mechanism must guard against "false proof of status" attacks.
• There is a small risk of state loss during node restart.

User Protection Recommendations:

• Prefer using DApps that have been audited multiple times.
• Avoid using production environment private keys in the testnet phase.
• Enable wallet security plugin
• Large transaction cooling period settings
• Be cautious when signing unverified contracts

Five, Conclusion

The technological innovation of Monad reveals the trend of blockchain evolving towards "system-level architecture innovation". Through consensus transformation, parallel execution engines, and layered storage design, Monad achieves significant performance improvements while maintaining compatibility with the EVM ecosystem. Testnet data confirms the feasibility of its technical roadmap.

However, the real challenge lies in the actual performance after the mainnet launch. Monad needs to maintain its decentralized nature while improving performance, build differentiated advantages during ecological migration, and maintain protocol neutrality under capital influence. The next 18 months will be a critical observation period, with metrics such as mainnet stress test data, ecological migration ratio, and node distribution becoming the core basis for evaluating its success or failure.

Although Monad has technical advantages, the ultimate competition in the blockchain world is always a contest of ecological value capture ability. We will continue to pay attention to Monad's development and witness whether it can become a true Layer 1 disruptor.