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

In the wave of blockchain technology iterations, Monad, a project that secured $225 million in funding in 2024 (valued at over $2 billion), is reshaping the Layer 1 competitive landscape as a "high-performance blockchain fully compatible with EVM." This project is led by several top-tier capital firms and will launch a public testnet covering 8.8 million Ethereum addresses on February 19, 2025, showcasing strong technical capabilities. This article will analyze its technological breakthrough path, validate testnet data, and explore market competition, revealing this potential industry-disrupting new star project.

I. Technological Innovation: Breakthroughs in Four Dimensions to Build a High-Performance Moat

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

(1) Monad BFT Consensus Mechanism

• Pipeline BFT: Parallelizing the traditional BFT three phases, compressing the block confirmation time to 0.8 seconds.
• Dynamic Validator Set: Initial 100 nodes dynamically adjusted through reputation scoring.
• Anti-witch design: Introduce hardware fingerprint authentication, with a single entity controlling up to 3% of the verification rights.

(2) Execution Layer Innovation

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

(3) Storage Innovation

• Three-tier storage architecture: hybrid storage solution of memory, SSD, and HDD
• Status proof lightweight: Using zk-STARK to generate storage proof, verification speed increased by 8 times.

(4) EVM Compatibility

• 100% support for Ethereum Shanghai upgrade operation codes and precompiled contracts
• Innovative "State Sharding Precompile" technology, reducing Gas consumption of complex contracts by 40%
• Provides EVM+ developer toolkit, supports one-click migration of smart contracts

2. Testnet Launch, Data Reveals Monad's Potential

Highlights of the test network in 2025

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

How to obtain test coins

1. Basic acquisition channel: The official faucet distributes 0.2 MON test coins every 12 hours.
2. Complete community tasks: Participate in AMA, invite friends, etc. to earn extra rewards.
3. Using third-party platforms: Suitable for developers who need a large amount of test coins.

3. Monad Market Competition and Ecological Potential

Monad leverages the experience of mainstream chains and achieves high throughput and low latency through innovative algorithms and security upgrades while ensuring safety and decentralization. Its high performance and EVM compatibility make it suitable for various application scenarios, such as DeFi, NFT, Blockchain games, and supply chain management.

4. Security Defense: Risk Warning Behind Innovation

Potential Risks

• Consensus Layer: Centralized risk of the initial validator set, the staking economic model has yet to be clarified.
• Execution Layer: Parallel transaction dependency detection requires large-scale stress testing, and EVM compatibility may lead to the reproduction of historical vulnerabilities.
• Storage Layer: The SSD data verification mechanism needs to guard against "false state proof" attacks, and there are risks in data recovery.

User Protection Guide

• Prefer to use DApps that have undergone two audits.
• Disable production environment private keys during testnet phase
• Enable the wallet's "Transaction Dependency Detection" plugin
• Large transaction set a 1 second cooldown period
• Disable automatic signing of unverified contracts

V. Conclusion

The technological innovations of Monad reveal that the evolution of Blockchain is shifting from "single feature breakthroughs" to "system-level architectural innovations". Through multiple innovations, the project achieves significant performance improvements while maintaining the inheritability of the EVM ecosystem. However, the real challenge lies in how to address practical economic incentives, maintain the essence of decentralization, and build differentiated advantages after the mainnet goes live.

The next 18 months will be a critical observation period, where the pressure test data after the mainnet launch, protocol migration ratio, validator node distribution, and other indicators will become the core basis for evaluating its success or failure. Monad has technically gained an advantage, but the ultimate competition in the Blockchain world will still be a contest of ecological value capture capability.