Monad Enters Key Development Phase
Monad, a high-performance Ethereum Virtual Machine (EVM) blockchain, is set to launch its public testnet on Feb. 19. This marks a significant step forward in the project’s roadmap, allowing developers and users to experiment with its capabilities before the mainnet launch later in 2025.
The testnet has been in development for two years and follows a closed testnet phase conducted in late 2024. It will serve as a sandbox for stress-testing network performance, identifying bugs, and optimizing transaction efficiency before Monad goes live.
Key Features and Performance Goals
Monad aims to deliver a high-throughput blockchain, claiming to process up to 10,000 transactions per second with 1-second block times. It utilizes parallel execution and features a custom database called MonadDb to enhance scalability and efficiency.
Additionally, the network is fully compatible with EVM bytecode, enabling developers to transition Ethereum-based applications seamlessly. This interoperability is expected to attract a broad range of projects looking for improved performance while maintaining Ethereum’s developer-friendly environment.
Investor Backing and Future Plans
Monad Labs, founded by former Jump Trading developers, has secured $225 million in funding, with major backers including Paradigm. The upcoming public testnet will play a crucial role in proving the network’s capabilities ahead of the full mainnet launch.
With competition heating up in the Layer 1 and Layer 2 space, Monad’s entry into the market could challenge existing high-speed blockchains by offering a balance of scalability and Ethereum compatibility.
