Monad to Launch Public Testnet on February 19 with 10,000 TPS
The blockchain industry continues to expand, with Monad positioning itself as a high-performance network addressing scalability and efficiency concerns.
Monad Testnet Launch
- Monad will launch its public testnet on February 19.
- The Ethereum Virtual Machine (EVM)-compatible Layer 1 blockchain aims to enhance transaction throughput and developer accessibility.
- A closed testnet was rolled out in late 2024 for selected developers to provide feedback, refining its features.
- The public testnet is expected to attract more developers before the mainnet launch in 2025.
Technical Innovations
- Monad processes 10,000 transactions per second (TPS) with a 1-second block time.
- The network utilizes parallel execution and MonadDb, its custom database, to enhance efficiency.
- EVM bytecode compatibility allows easy migration of existing decentralized applications (dApps) from Ethereum.
- Monad Labs secured $225 million in funding from Paradigm to support ecosystem expansion and community engagement.