GuShiio.com Since testnet’s launch, Monad has deployed nearly 110,300 smart contracts.
Author: Hess
Compiled by: Shenchao TechFlow
Monad’s test website was officially launched on February 19!
So far, the network has successfully processed nearly 2.7 million transactions, covering 242,300 independent addresses, with a transaction success rate of 98%, and a block generation time of only 0.5 seconds.
In the first few hours after launch, Monad ran smoothly and achieved peak performance of 3000 transactions per second (TPS).
Let’s take a deeper understanding of this project!
You can view details through this link before continuing.
According to Monad’s official data, they distributed testnet tokens to approximately 8.8 million active Ethereum addresses to attract more users to participate in testing and verify network performance.
In less than 24 hours, 3% of those addresses had completed their first transaction on the Monad network.
This proportion is growing rapidly and is expected to reach 10% in a short period of time.
The large-scale distribution of testnet tokens also directly contributed to the significant growth of TPS.
In just two hours after launching, Monad’s transactions per second (STPS) peaked at an average of 3000.
Currently, Monad’s average STPS is 26, which can better reflect the network’s performance in daily operations.
Monad’s success rate puts it among the top in the blockchain field.
According to test.com data, Monad’s trading success rate is as high as 98%, which is impressive.
Block time has always been one of the areas that Monad focused on optimizing before going online.
Test data shows that Monad’s average block time is only 0.5 seconds, which makes it one of the fastest blockchains currently available and is very suitable for high-frequency trading and real-time application scenarios.
Since testnet’s launch, Monad has deployed nearly 110,300 smart contracts.
An average of 5,000-6,000 new contracts are added every hour, and the current number of active contracts is 500, indicating the strong activity of the network.
It is worth noting that approximately 77% of addresses that completed their first transaction on Monad did not receive airdrops from other popular blockchains or platforms.
Among them, Arbitrum, Eigen and Layer3 airdrop addresses account for the largest proportion.
According to analysis of first transaction data on addresses on the EVM chain, 67% of addresses have been active for more than a year, while 8% of addresses have been active for less than a month.
On which blockchains are Monad participants most active?
Data shows that in the past six months, Base, Polygon and Arbitrum have become the three most active blockchains with Monad participants. These three chains have attracted the attention and use of a large number of users due to their high performance, low transaction costs and rapidly developing ecosystems.
