# Monad

> Monad is an EVM-compatible Layer 1 blockchain for financial applications, payments, and tokenized assets. Its custom execution, consensus, and storage systems aim to increase capacity while letting developers reuse Ethereum contracts and tools. Category Labs builds core technology; the Monad Foundation supports adoption and ecosystem development.

- **Founded:** 2022
- **Headquarters:** New York, United States (core developer Category Labs)
- **Founders:** Keone Hon (Co-founder; Monad Foundation co-GM), James Hunsaker (Co-founder; Category Labs CEO), Eunice Giarta (Co-founder; Monad Foundation co-GM)
- **Products:** Monad mainnet, Monad testnet, MonadDb, Monad developer resources, DeltaV
- **Notable:** Public mainnet launched November 24, 2025., Open-source execution and consensus clients under GPL-3.0., Current documentation reports 300ms blocks and 600ms full finality.

## Products & services

- **Monad mainnet** — EVM-compatible proof-of-stake Layer 1; public mainnet launched November 24, 2025.
- **Monad testnet** — Public environment for developers to test applications using test tokens; launched February 19, 2025.
- **MonadDb** — Custom blockchain-state database supporting asynchronous I/O and parallel execution.
- **Monad developer resources** — Documentation, contract guides, developer tooling, RPC access, and community support.
- **DeltaV** — Monad ecosystem founder community and support program.

## Achievements

- Public mainnet launched November 24, 2025.
- Open-source execution and consensus clients under GPL-3.0.
- Current documentation reports 300ms blocks and 600ms full finality.
- Monad reports Aave became its third-largest weekly-fee market among Aave deployments after 46 days.

## Latest updates

- **2026-07** — July 23 upgrade reduced block time from 400ms to 300ms and full finality from 800ms to 600ms.
- **2026-09** — September 17 Aave case study reports third-place weekly-fee ranking after its first 46 days.
- **2026-10** — October 8 research snapshot: official site displayed approximately 918M transactions, $993M DeFi TVL, 9M+ active wallets, and 143+ apps. These are company-reported changing figures.

## Links

- Website: https://monad.xyz/
- LinkedIn: https://www.linkedin.com/company/monad-foundation
- Twitter/X: https://x.com/monad
- GitHub: https://github.com/monad-developers
- YouTube: https://www.youtube.com/@MonadFoundation

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Profile page: https://yespress.io/monad
Published by YesPress — https://yespress.io
Last updated: 2026-10-08