Recently, the blockchain project Monad has attracted market attention. Monad is a high-performance Layer1 that focuses on the concept of parallel EVM. It aims to improve and enhance the execution efficiency of EVM on the Layer1 network through parallel processing and release the potential of the EVM ecosystem. The official white paper states that Monad achieves a processing capacity of up to 10,000 TPS, which is comparable to Solana's processing performance. At the same time, it is compatible with EVM, which means that Ethereum smart contracts can be easily migrated to Monad for operation.

Monad has received investment from many top institutions. In April, Monad Labs announced the completion of a $225 million financing led by Paradigm, which is the largest cryptocurrency financing so far this year. As of April 10, the cumulative financing has reached $244 million. The Monad community has a very positive attitude towards meme culture. The official often interacts on Twitter with various emoticons and holds community meme production activities every week.

At present, Monad is still in the private internal testnet stage and has not been opened to users on a large scale. However, there are already projects that have settled in the Monad network, such as the liquidity protocol Elixir and the decentralized exchange Swaap. In addition, Monad community members also have the opportunity to receive airdrops. For example, Wormhole airdropped its token $W to all members of the Monad Discord group.