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Sid Ahmed
@sidahmed
Here's the translation and professional rephrasing of the text: A comprehensive thread about Monad and projects you should keep an eye on before the testnet begins, as well as after the mainnet launch. Monad is a Layer 1 project fully compatible with the Ethereum Virtual Machine (EVM). The blockchain is designed to address scalability and efficiency issues in decentralized applications. The Monad project was discovered and developed by Monad Labs. Currently, Monad Labs operates under a new name, Category XYZ, which will be led by one of the team members from Monad, _jhunsaker. The project's goal is to achieve the highest number of transactions while maintaining speed and full compatibility with Ethereum-based applications.
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Sid Ahmed pfp
Sid Ahmed
@sidahmed
The Monad project is set to process 10,000 transactions per second (10,000 TPS) on the mainnet. In comparison, Ethereum can only handle 12 TPS. When compared to Solana, the latter processes 1,500 TPS. Transaction fees on the network will be extremely low, with numbers approaching zero. The block time will be just one second, meaning transactions will be processed at lightning speed. Monad is fully compatible with Ethereum's bytecode, meaning any application built on Ethereum can easily migrate to Monad. How do Monad transactions work? Monad utilizes parallel execution to process transactions, which significantly enhances the network's efficiency, resulting in high throughput.
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Sid Ahmed
@sidahmed
Monad recently announced the formation of the Monad Foundation. This foundation will be responsible for the growth of the Monad project and its ecosystem, as well as promoting community engagement and governance once the mainnet is launched. Monad Funding Monad secured a significant funding round in April 2024, raising $225 million, led by Paradigm. Other investors included Electric Capital and Coinbase Ventures. Additionally, OKX recently made an investment in Monad, though the size of the round has not been disclosed. 👀
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Sid Ahmed pfp
Sid Ahmed
@sidahmed
Monad Team KeoneHD A well-known figure, CEO and Co-Founder of Monad. Keone holds a degree in Computer Science from the prestigious Massachusetts Institute of Technology (MIT). He brings over 8 years of experience at Jump Trading, where he led the High-Frequency Trading (HFT) team responsible for developing ultra-low latency trading systems. _jhunsaker A systems engineering expert with a strong background in optimizing large-scale trading systems. _jhunsaker also spent 8 years at Jump Trading, where he specialized in reducing latency for large-volume futures contracts, significantly enhancing the efficiency and speed of trade execution. 0x_eunice An expert in product leadership and technology in both traditional finance and fintech. Eunice holds a degree in Computer Science from MIT and has worked in trading at Bank of America Merrill Lynch. She has also led product teams at Broadway Technology and Shutterstock, demonstrating her ability to drive innovation in both finance and tech sectors.
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Sid Ahmed
@sidahmed
Unlike other Layer 1 projects, Monad introduced something new: Monad Madness. In short, Monad Madness is an initiative to welcome emerging projects and allow them to compete against one another. Each of these projects builds something unique on the Monad network. Monad's team has decided to offer financial rewards to these projects. The rewards are symbolic, more about recognition than material value, but the competition takes place in the presence of venture capital firms (VCs), which opens the door for these projects. This means VCs might be impressed by one of these projects’ proposals and the infrastructure they are building on the network, ultimately leading to investments. In 2025, another round of competition will be held for these projects. A short video has been created, intentionally paced slowly, showcasing Monad Madness, the judges, and VCs in attendance, as well as the projects that won the race. 👀
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Sid Ahmed
@sidahmed
Ecosystem Projects to Keep an Eye On These are projects you should keep a close watch on now, as you won’t encounter a blockchain with such specifications and a fully ready ecosystem starting from scratch every day. The opportunities here will be endless, and I believe 2025 will truly be the year of Monad. The project I’m most excited about is aPriori Labs. A liquid staking project for the upcoming Monad token. aPriori raised $10 million in an initial funding round, and this is before the testnet even launched. Among the investors is Binance Labs. 👀 The second project I’m very excited about is Kuru Exchange. Kuru is a decentralized exchange, and I believe it will become the number one trading platform on the Monad network. The platform has already raised $2 million as an initial investment.
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Sid Ahmed pfp
Sid Ahmed
@sidahmed
There are many NFT projects, but one that has gained significant hype recently is Monadverse. Currently, its whitelist is being sold on the black market for around $1,000. Imagine, and the testnet hasn’t even launched yet. 👀 Follow my channel, and you can search "Monad" on Telegram to discover many projects from the ecosystem, as it’s difficult to cover everything in just one thread. I also recommend following the page @monad_eco, as it will be responsible for promoting projects within the Monad ecosystem. Make sure to secure your whitelist spot in NFT projects now, either by engaging in their Discord communities or participating in competitions. I occasionally post about some contests, so you might want to try your luck there.
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