Monad is revolutionizing the rapid growth of blockchain, NFT, DEFI projects and their public testnets, providing speed, scalability, and EVM compatibility.
MONAD Public Test Network
Layer 1 takes an important step forward in launching its public test network on February 19!
This marks an important milestone after the end of its closed test network phase by the end of 2024. The public test network provides developers and users with an opportunity to experience Monad’s capabilities by the end of 2025 before its official Mainnet release.
The gas limit is 300m/s, expectedchieve 10,000 transactions per second (TPS) Among the core functions introduced by the test network. Developers can test the performance of blockchain in real-world situations, as well as the deployment of decentralized applications (DAPPs) and transaction processes. In addition, these tests can ensure network stability and preparation for widespread use.
About the list
A layer 1 blockchain called MONAD can conduct fast, affordable transactions while retaining decentralization. Supplementing the Ethereum Virtual Machine (EVM), it provides compatibility for developer libraries, end-user wallets, and smart contracts. Dedicated database tier and parallel processing are two concurrent advancements in Monad’s design to effectively handle high traffic.
Read more: What is a unit?
Monad’s full compliance with EVM bytecode is one of its key benefits. This feature allows Ethereum developers to quickly transfer or build applications on Monad without making major source code changes. It enables decentralized applications such as blockchain gaming, NFTS and DEFI projects that can take advantage of Monad’s capabilities without any technical challenges.
The project has received substantial funds to help with its development. The project raised $225 million in a series of funding led by Paradigm, backed by Coinbase Ventures, Okx Ventures, GSR Ventures and Draginfly Capital. This investment shows how much trust Monad plans to be EVM-compatible, high-throughput blockchains are.
Growing unit NFT ecosystem
Its ecosystem is experiencing significant growth, driven by several NFT projects that provide potential whitelists and airdrops. Lil Chogstars is a “Chog” inspired PFP series that is thrilling in the community by spreading amazing artwork.
MoneDverse features the highly anticipated Monanimals series and powered by Monad’s co-founder, which has attracted attention, an outstanding NFT program.
Other notable projects include Monadians, a futuristic PFP project led by members of the Monad community, and Spiky Nads, a pixel-like NFT series with white opportunities with active participation.
Source: nftevening
