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Monad

Last updated: Apr 15, 2024

Monad is building an Ethereum virtual machine (EVM)-compatible Layer 1 blockchain designed to improve the overall Ethereum ecosystem. Monad enables parallel execution for EVM transactions that don’t have common dependencies.

Seed Round: $19 Million

Funding Round: $225 Million

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Overview

Project industry	Blockchain Infrastructure
Product type	Technology
Founded	United States
Whitepaper	Open

What is Monad

MONAD is a new proof-of-stake (PoS) blockchain and decentralized computation platform that combines the best of performance and portability.

Monad offers throughput that is orders of magnitude higher than any existing smart contract blockchain, supporting 10,000 smart contract transactions per second (tps) through algorithmic improvements to virtual machine design and Byzantine Fault Tolerant (BFT) consensus mechanisms.

Monad delivers this performance while maintaining full compatibility with the Ethereum Virtual Machine (EVM) bytecode - the standard widely used for smart contract implementation - and consequently with existing Ethereum dApps and tooling.

We are addressing a challenging problem with urgent and clear market need. Demand for decentralized computation from new, increasingly complex apps as well as new crypto users is snowballing. But existing systems have extremely limited capacity.