Monad is a highly scalable Layer 1 smart contract platform with a rapidly growing ecosystem. Currently, over 80 protocols and dApps are planning to build on it, with expectations to reach 150 to 200 by the time the mainnet launches. Key partners of Monad include LayerZero and Pyth Network, which will enhance its cross-chain interoperability and provide reliable pricing data. Monad's roadmap includes its establishment in February 2022, securing $19 million in funding by February 2023, releasing documentation in September of the same year, planning to launch a testnet in the second half of 2024, and aiming to start the mainnet by late 2024 or early 2025.
Technologically, Monad combines parallel execution with EVM compatibility, positioning it to potentially compete with existing platforms like Solana in terms of technical performance. Although Solana leads in speed and scalability, Monad's EVM compatibility offers an additional advantage. Moreover, Monad's technology may enable it to surpass other platforms lik