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Block #9

Monad · MON

MON: price and mechanics

Monad is a Layer 1 blockchain designed to process significantly more transactions per second than Ethereum, while developers can keep using the same programming language and tools. MON is the native currency used to pay fees and secure the network.

Price

24 hours

Market cap

Volume 24h

Koersverloop Monad

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What Monad tries to do differently

Ethereum typically processes transactions sequentially, limiting throughput. Monad aims to speed this up through techniques like parallel execution, processing transactions that don't affect each other simultaneously rather than one by one.

The network is EVM-compatible, meaning existing Ethereum applications can be ported to Monad with relatively few changes. That lowers the barrier for developers to switch or operate on multiple networks at once.

The goal is a network that combines Ethereum's usability and ecosystem with throughput closer to specialised, less decentralised chains.

  • Parallel transaction processing for higher throughput
  • EVM-compatible: existing Ethereum code largely works
  • Its own Layer 1, not a rollup on top of Ethereum

What MON is used for

MON is used to pay network transaction fees and to stake with the validators securing the chain through proof-of-stake. Holders who stake risk having part of their stake slashed if the validator they choose misbehaves.

As a relatively new network, Monad still needs to prove its security and decentralisation under real, sustained load. Test-environment performance doesn't guarantee the same result under large-scale, uncontrolled usage.

MON's eventual value depends heavily on whether developers and users actually migrate from existing networks, which isn't a given given strong competition from established Layer 1s and Layer 2s.

Risks of a young network

New Layer 1 networks compete with many established alternatives for the same developers, users and liquidity. Without demonstrably durable adoption, the native token's value remains largely speculative.

Technical claims about speed and throughput need to be proven under peak load in practice; networks that perform well in benchmarks sometimes still hit issues once real users and attackers get involved.

As with all new proof-of-stake networks, there's a period where the validator set is still limited and less distributed, making the network more sensitive to coordination or outages than longer-established chains.

Nieuws over Monad

Al het nieuws

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Frequently asked questions

What makes Monad different from Ethereum?

Monad processes transactions in parallel rather than sequentially, aiming for higher throughput with the same EVM compatibility.

Can I use Ethereum apps on Monad directly?

Thanks to EVM compatibility, existing Ethereum applications can often be ported with limited changes.

What is MON used for?

For transaction fees and for staking with the validators securing the network via proof-of-stake.

Has Monad been proven at scale yet?

No, as a young network it still needs to prove its speed and security under sustained, large-scale real-world use.

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