Key Points
- Monad’s Testnet will serve as a testing platform for devs and users ahead of the mainnet launch.
- The testnet has reportedly been in development for two years.
Monad, a high-performance EVM blockchain, announced that its public testnet will launch tomorrow, February 19.
Monad’s testnet has been reportedly in development for two years and it will be the testing environment for devs and users to experiment with the platform’s features ahead of the mainnet launch.
Monad Reportedly Reached 10,000 TPS
Tomorrow’s testnet launch follows a closed testnet that was launched last year. The devnet was launched in March 2024, and the platform reached 10.000 transactions per second in internal testing.
Keone Hon, CEO and co-founder of Monad Labs, said that this was an important milestone for the team.
The mainnet is expected to launch later this year.
On its official website, the team at Monad notes that the project is an L1 blockchain with limitless potential.
Key Features of Monad
Key features of the L1 blockchain include the following:
- 100% EVM-compatible, using the existing EVM ecosystem to users’ advantage
- Fast transaction speeds to create a seamless UX
- Near zero gas fees, allowing for extreme scalability for the most demanding apps
- One-second block times
- 1st single-slot finality
- Allows optimistic parallel execution, executing transactions in parallel before previous ones are completed
Monad’s 1st single-slot finality refers to the blockchain’s ability to finalize transactions within a signal block slot, meaning transactions are confirmed and irreversible almost instantly.
Monad also allows users to store more of the state on SSD instead of RAM, which has the following benefits, according to the project’s official website:
- Reduces RAM requirements
- Reduces the costs of running a node
- Creates a clear path to scalable decentralization
Top Benefits of Monad
The official website notes that Monad brings in a new paradigm of blockchain technology, rebuilt from the ground up to be the “most efficient chain the world.”
Key benefits include the following:
- Devs, users, and researchers can reuse existing apps, libraries, addresses and applied cryptography research.
- Extreme scalability with 10,000 TPS
- Scalable decentralization
Empowering Monad Builders
The team at Monad Labs says it’s committed to helping foster a thriving ecosystem by supporting visionaries and creators who will shape the future.
So far, they have launched two key programs to empower Monad Builders, according to the official website:
- Mach: Monad Accelerator, to help new builders bring startups to life
- Monad Madness, a global pitch competition for founders building in the Monad ecosystem with $1 million in prizes
