Significant Milestone in the Early Stage

Monad has reached a significant milestone with the official launch of its testnet on February 19, 2025. Monad is a fully EVM-compatible and highly scalable Layer 1 blockchain, capable of processing up to 10,000 transactions per second (TPS). With the launch of the testnet phase, Monad provides a secure, risk-free environment for developers to build, test, and refine their applications before deploying them on the Monad Mainnet. It also allows communities to interact with early-stage apps and provide valuable user feedback.

About the Monad Public Testnet

Monad Testnet allows developers to create dApps in a risk-free environment, while users can add the network to their wallets and interact with the Monad ecosystem using test tokens ($MON), which can be obtained for free from the official faucet (test tokens have no real value). Since its recent launch, Monad Testnet already has 57 validators securing the network and boasts the following key metrics:

• 1.5M+ unique addresses
• 32.4M+ transactions
• 20% of addresses have made > 10 txns
• Avg STPS: 68 (Max: 3.8K)
• 564K contracts deployed
• 98.3% success rate
• 0.5s block time
• Avg fee: 0.01 MON

Statement from Keone Hon, Monad Co-Founder and GM at the Monad Foundation:
We’re thrilled that developers and early users now have access to an extremely performant, decentralized EVM environment, enabling them to build for the EVM without many traditional assumptions about cost and speed. This is a big moment, but it’s only the starting line for Monad. I’m especially grateful for the efforts and support from thousands of community and ecosystem contributors across the globe. I’m also inspired to see that number continuing to grow, as more join the mission to accelerate EVM performance and bring the next-gen of applications on chain.