GuShiio.com The emergence of Monad has injected a shot in the arm into the EVM ecosystem.
Author: Shenchao TechFlow
Introduction: When Solana’s gene was injected into EVM
In 2023, Solana will return to center of the encryption stage with an astonishing recovery. From AI infrastructure to SocialFi applications, from Meme craze to high-frequency trading protocols, the innovation and wealth effects of the Solana ecosystem have attracted the attention of the entire industry. On the other hand, Ethereum’s developers and community have fallen into a subtle division-disputes over team architecture, bottlenecks in EVM performance, and sluggish development efficiency, which have left many people confused about the future of Ethereum.
As one of the most popular public chains in recent times, Monad is often known for its “parallel execution” characteristics. In fact, in addition to parallel execution, Monad DB and other innovations, Monad also claims to be the “fastest EVM”.
Monad is not simply copying Ethereum’s code. It is compatible with the EVM ecosystem, but has Solana’s high throughput and low latency genes; it was founded by former core members of Jump Trading and has attracted support from Solana star projects such as Phantom, Pyth, and Backpack.
Monad’s ambition is to allow EVM developers to not have to compromise performance, so that Solana’s capital and innovation can take root in the EVM ecosystem. Whether Monad can become the next black horse in the public chain, let us find out when the test network arrives.
The survival rules of public chains: performance, ecology and wealth effects
The ways to success are the same, and the reasons for failure are diverse.
According to incomplete statistics, at least 10 public chain-level projects in Q1 will have to launch tokens or launch test networks. How can we survive and build an ecosystem in such a fiercely competitive public chain track?
1. True product-oriented rather than empty narrative.
Hyperliquid’s success confirms this-its Layer 1 architecture specifically designed for financial markets, with 200,000 TPS and sub-second latency, directly targets the needs of high-frequency traders. Public chains must solve practical problems rather than relying on empty marketing rhetoric.
True product orientation requires a solid technical foundation. A simple fork is not enough to make a public chain stand out or maintain long-term competitiveness. If we blindly pursue “institutional products” and ignore performance optimization and user needs, we will only be eliminated by the market.
2. Developers are the blood of ecology
Before being launched on the main network, Base establishes deep links with developers through various types of science popularization, incentives, Office hours, etc.
Solana has created AI and SocialFi into new eco-labels through hackathons and financial support. The development route of the public chain must closely follow market trends, rather than working behind closed doors.
Solana’s hackathon, Sui’s Pitch Day and other activities are all strongly supporting developers and injecting new vitality into the ecosystem, fully demonstrating the importance of developers in the ecosystem.
3. The wealth effect is hard currency
We must admit that in public chain tracks, the importance of operations is as critical as the technology itself. Looking back at previous Movement/Berachain, etc., we also put great efforts into operational strategies and successfully attracted a lot of attention.
The recent Solana Meme/AI coin craze (such as BOME, WIF), Virtuals ‘on-chain game token economy, and even $DEGEN on the Base chain have proved that the wealth effect is one of the core drivers of attracting users. The recent BNB Chain proved this point. A “$TST” and a MyShell new version directly mobilized user emotions.
A public chain without a “wealth creation story” is destined to be difficult to break.
Only with technological innovation as the underlying performance advantage, strong support for developers, and the wealth effect of assets can we form a synergy together to achieve long-term healthy development of the ecology.
Bullish Monad: Why might it be the next breaker?
1. Technological innovation: When EVM meets high-frequency trading engines
Monad is not a fork. In order to give EVM higher performance, Monad has made four key native innovations to address the limitations of existing Ethereum-compatible blockchains:
MonadDB Database: A custom state database optimized for EVM storage models. Unlike traditional databases, MonadDB stores Merkle Patricia Trie structures directly on disk, reducing overhead and achieving efficient parallel state access.
Parallel Execution: Monad executes multiple transactions simultaneously, assuming that initial states remain consistent, improving throughput. Ultimately, consistency is ensured by re-executing transactions with conflicting inputs.
Asynchronous Execution: By decoupling consensus from execution, Monad allows the entire block time to be used for transaction processing rather than interleaving execution during the consensus process, thereby significantly increasing the network’s computing bandwidth.
Monad BFT: A Byzantine fault-tolerant consensus mechanism based on HotStuff reduces the communication phase from three rounds to two rounds, advancing rounds with actual network delay and improving performance. This consensus mechanism requires only moderate hardware, making it easy for anyone to run nodes.
For more details, refer to: docs.monad.xyz/
These innovations allow Monad to achieve superior performance while being fully compatible with EVM, ensuring that developers can easily migrate their applications without any modifications. This not only breaks the performance bottleneck of EVM, but also provides strong support for innovation by developers and the ecosystem, attracts more developers to join, and becomes an important foundation for the vigorous development of the ecosystem.
2. Ecological support: Focusing on Builder, providing unlimited innovation space
Mach, Foundry, Madness, Jumpstart, Monad 101, evm/accathon… As an emerging public chain, Monad provides the most types of support plans for developers and projects.
- Mach: Provide coaching, financing and other related support to the team through the online Mach-1 Mach-2 acceleration plan.
- Foundry: By providing co-work spaces for project partners, we can inspire each other and innovate.
- Madness: Monad’s large-scale offline project roadshow has been held in New York and Bangkok for two times. There have been more than 10 projects and nearly one million US dollars in financial support on site. Monad Madness HongKong will be held in April.
- Jumpstart: Invite excellent Web3 Builders to provide development guidance for the Monad ecosystem project.
- Monad 101: An offline activity of the Monad ecosystem that provides opportunities for developers and communities to connect with each other.
- evm/accathon: Unites multiple ecosystem partners to provide top-level support from the Monad team and top people in the crypto field.
Through diversified ecological support and community building, Monad provides comprehensive empowerment to developers. Obviously, Monad is not in a hurry to go online, but focuses on cultivating ecosystems, incubating innovation, especially support for native projects. This is also a reflection of Monad’s long-term doctrine.
Several landmark projects have emerged in the Monad Ecosystem, such as:
- Innovative CLOB protocol Kuru;
- aPriori, a MEV LSD agreement for financing of more than 10 million yuan;
- Token issuance has become a gamification of Launchpad Nad.fun for “team fighting monsters”;
- Mozi Wallet, which lowers the barrier to Web3 usage through Telegram integration and gamified revenue management;
- Trading is “narrative” and can be leveraged Narrative;
While these projects may not be able to surpass Solana’s leading applications in the short term, they are building a unique eco-label and innovation for Monad.
3. Funding logic: Solana’s gene and capital support
Monad’s founding team came from Jump Trading, a high-frequency trading giant that was an important promoter of Solana’s early days. Jump’s background injects two genes into Monad:
- Technical strength: From parallel execution to pipeline optimization, Monad’s architecture design is clearly marked with high-frequency trading;
- Capital Network: Backpack/Phantom Wallet has publicly announced that it will support Monad as soon as possible, and Pyth Oracle will also give priority to Monad… These “old friends” of the Solana ecosystem are paving a golden track for Monad.
In addition, Monad’s US$225 million financing (from top institutions such as Paradigm and Dragonfly) provides sufficient ammunition for its ecological support. Just as Multicoin cultivated the Solana ecosystem, Monad’s capital is copying this path.
Standing at the crossroads of EVM and Solana, reshaping the EVM Spring
Injecting Solana performance into EVM is not just a narrative.
Solana stands for high performance;EVM stands for friendliness to more developers.
It is neither a replacement for Ethereum nor a replica of Solana, but a “new species” trying to bridge two major ecological fissures.
For developers, Monad provides performance upgrades without compromise;
For capital, it is a continuation of the Solana gene in the EVM ecosystem;
For users, it is a low-threshold, highly interactive entrance to on-chain life.
Challenges remain: How to balance decentralization and high performance? How to avoid being caught in the “capital game”? How to build a unique advantage in the competition with Solana and Hyperliquid?
Can Monad rebuild the golden age of EVM?
The emergence of Monad has injected a shot in the arm into the EVM ecosystem. When the fastest EVM meets Solana’s capital and innovation, this experiment may redefine the rules of public chain competition.
