Monad
MON
$0.02689829
Current Price
+5.28%
24h Change
Info
MON
Symbol
$2.71B
Fully Diluted Valuation
$317.91M
Market Cap
132
Market Rank
100.68B
Total Supply
$28.88M
Total Volume
$0.027305
24h High
$0.024826
24h Low
About Monad
Monad is a high-performance Layer 1 blockchain designed to process up to 10,000 transactions per second while maintaining near-zero fees. It addresses the scalability issues that hinder traditional blockchains by introducing parallel transaction execution, which allows multiple transactions to be processed simultaneously. This is achieved by decoupling the agreement and execution processes, enabling validators to determine transaction order first and execute them subsequently without impacting consensus speed. Monad's custom-built MonadDB enhances throughput without sacrificing accuracy, providing a robust infrastructure for applications requiring frequent transactions. The platform is fully compatible with the Ethereum Virtual Machine (EVM), allowing developers to port Ethereum-based applications seamlessly to Monad without code alterations. Users can interact with Monad using familiar tools like MetaMask, leveraging Ethereum's extensive ecosystem. By operating on consumer-grade hardware, Monad democratizes network participation, making it accessible beyond specialized setups. With substantial backing from investors such as Dragonfly Capital and Paradigm, Monad has secured $244 million in funding, underscoring its potential to redefine blockchain scalability and accessibility.
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FAQ
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