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8 hours ago

Monad is no longer just potential; it is an inevitable future.

Author: Ivy

This summer, under the night sky of New York, Monad has become a high-frequency term in the crypto circle. Whether at the ETH Global NYC venue or the starlit Rooftop Bar, the name Monad always sparks enthusiastic discussions among Builders. As the mainnet launch approaches, project teams and investors are generating unprecedented excitement for this "high-performance public chain star."

At the recently concluded ETH Global NYC, Monad's exposure and activity reached new heights: there were payment-related activities in collaboration with Predicate and Inco, followed by a significant gathering hosted by Monad's core ecological project FastLane in partnership with top market makers and investment firm GSR, along with several ecological builders.

The lineup for this event was impressive:

  • FastLane, a leading LST builder and DeFi infrastructure company dedicated to ecological win-win and capital efficiency reconstruction.

  • RedStone, which recently launched OEV innovation, serves over 170 clients and secures over $10 billion in TVL.

  • Kuru, the native decentralized exchange hailed as the "trading engine" of the Monad ecosystem.

  • TownSquare, a native lending platform backed by Monad's co-founders.

  • HaHa Wallet, a native wallet that attracted over 100 million transactions and 30,000+ daily active trading users during the testnet phase.

  • RareBetSports, a popular sports betting application in the European and American markets.

  • Modus, a Monad native on-chain asset management platform incubated by Yzi Labs.

  • GSR, which provides liquidity support for over 200 clients across 25+ trading venues, facilitating billions of dollars in trading volume weekly.

  • Figment Capital, which has led investments in heavyweight projects like EigenLayer, Celestia, Wormhole, StarkWare, and Initia since its establishment in 2021.

All signs indicate that the Monad Builder community is eagerly anticipating the mainnet launch.

As a high-performance mainnet, Monad consistently emphasizes parallel execution and extreme optimization, which are key to external expectations for it to break through in the public chain landscape. For the capital market, the focus is on whether Monad can become a representative of the "next generation of high-performance public chains" and take the lead in scenarios like DeFi, Trading, and Payment. For community Builders, Monad provides a low-latency, high-throughput execution environment, allowing products that are difficult to implement in EVM to have a real chance to materialize. Investors and Builders see Monad as the narrative for "the next wave of L1 innovation."

Unlike projects that rely on one-time incentives, Monad seems to be exploring a long-term growth path: by promoting the real landing of applications and stimulating continuous community participation, it allows TVL to gradually increase. This "activity-driven, value-driven" model may accumulate more lasting long-term value for the ecosystem.

Amid this wave, FastLane has become the center of attention. As a project with a solid European and American background, they have only recently accelerated their entry into the Asian market but have quickly demonstrated strong influence. FastLane not only launched the first LST capable of generating staking rewards—shMonad—on the Monad testnet but also tailored a series of DeFi infrastructure for Monad's asynchronous execution system, leveraging the strength of their full-stack European and American technical team. They also led and promoted the Timing Game research for Monad validators and actively lead a research community composed of numerous Solana validators and almost all active validators on the Monad testnet.

During the testnet phase, FastLane achieved collaboration with nearly 100% of validators. Their RPC nodes for dApps have connected to over 25 projects, and well-known decentralized exchanges like Ambient Finance, Kuru, and Clober have adopted their MEV protection infrastructure Atlas, helping users reduce trading losses while enhancing project revenue, FastLane's revenue, and the returns of shMonad.

Unlike traditional LSTs, FastLane transforms Monad's high-speed performance into shared value. Through the liquid staking token shMON and multiple infrastructure products, they successfully connect applications and validators, achieving a win-win for all parties. This not only significantly enhances user yield experience but also provides critical underlying support for DeFi projects within the ecosystem, further optimizing overall ecological performance.

It's no wonder FastLane has attracted so many partners in a short time to jointly promote Monad.

At this gathering led by FastLane and GSR, the Rooftop Bar under the Empire State Building was filled with passionate Builders. Laughter, conversations, and clinking glasses intertwined, reflecting the vitality and confidence of the Monad community.

What do these leading ecological projects think about the imminent launch of the Monad mainnet?

FastLane

FastLane will officially launch its LST token—shMonad (shMON)—in the first week of the testnet. Through shMON, FastLane transforms Monad's high-speed performance into shared value, laying a solid foundation for liquidity and infrastructure for the ecosystem before the mainnet launch.

The project's core direction has two main points: First, starting with infrastructure like Atlas, Gas Abstraction, RPC, OEV, they aim to onboard more ecological projects before the mainnet launch, helping all teams building on Monad to run faster while creating more sustainable revenue partnerships for them. This will ensure that after the mainnet launch, LST staking rewards will not only rely on MEV earnings but can also be enhanced through more layers of boost. Second, they actively seek consensus with ecological projects to design more participatory activities and revenue channels for community members and liquidity providers, enhancing the liquidity and usability of shMonad, and creating richer earning opportunities for token holders.

Modus

Although Modus is still in its early stages, it has already attracted community attention with the support of Yzi Labs. The team plans to launch the testnet soon and introduce a native lending market and LST automatic looping strategies represented by shMON on the mainnet, enhancing capital efficiency and bringing the first financial primitives to Monad. As a prototype of on-chain prime brokerage, Modus aims to attract institutions and quantitative teams to establish a stable capital market for Monad, so the industry is full of expectations for its performance on the mainnet.

Redstone

The decentralized oracle network RedStone announced that it will support Monad from day one of its mainnet, providing developers with reliable data feeds covering over 1,200 assets. RedStone stated that this collaboration not only reflects its long-term commitment to infrastructure development but also aims to lay the foundation for the prosperity of Monad's high-performance ecosystem, providing the atomic-level speed and reliability needed for innovative DeFi applications.

Townsquare

As the Monad ecosystem gradually takes shape, TownSquare positions itself as a core lending and yield protocol, dedicated to enhancing the capital efficiency and returns of user assets. On the first day of the mainnet launch, the protocol will support all LSTs, native assets, and stablecoins, including FastLane shMON, covering most lending markets. The team will also work closely with Monad to promote ecosystem expansion.

Rare Bet Sport

With the imminent launch of the Monad mainnet, RareBetSports is transitioning from high-frequency testnet demonstrations to a fully launched composable DFS application and on-chain betting infrastructure. This shift is seen as a green light for a new generation of user-oriented gaming, enabling unprecedented speed and scalability on Monad. Meanwhile, the team also expressed anticipation for launching more prediction markets on RareLink, including popular projects like football and MMA, as well as new gameplay tokens from various Monad communities.

HaHa Wallet

As the native wallet of Monad, HaHa Wallet has attracted over 100 million transactions and 30,000+ daily active trading users during the testnet phase. The team hopes to provide users with a more intuitive and smooth wallet experience on the mainnet, serving both newcomers and supporting professional users, facilitating a comprehensive upgrade of ecosystem interactions.

Kuru

As the Monad mainnet launch approaches, Kuru is seen as a core trading hub within this ecosystem, aiming to integrate asset discovery, trading, and project launch functions while fully leveraging Monad's speed and scalability advantages. The team is currently pushing forward with mainnet preparations, and the new design of its dApp has entered the implementation phase, with new Swap and Discover pages already online, while other sections are soon to undergo a complete visual refresh and interaction optimization. As a composable, fully on-chain order book protocol equipped with an AMM backstop mechanism, Kuru hopes to break down barriers through an intuitive product experience, allowing more new users to seamlessly enter DeFi while meeting the needs of professional traders for efficiency and low costs. As the mainnet approaches, the community and industry are also full of expectations for Kuru to become the "trading engine" on Monad.

In addition to the enthusiasm of the ecological projects themselves, the support from capital and market makers is equally crucial. As one of Monad's first liquidity partners, GSR, with over a decade of experience in global markets, will provide comprehensive support covering market making, OTC trading, and venture capital during the initial phase of the mainnet launch. From project initiation to scaled expansion, GSR will inject deep liquidity into Monad, aiding the ecosystem's growth.

It is precisely because of numerous partners like GSR joining that Monad's early landing and long-term development are even more anticipated.

When asked why he is confident in Monad, Toe, the DeFi head at GSR, stated: “Monad always prioritizes users, providing infrastructure for future finance through controllable execution logic and a specially constructed consensus layer.”

The gathering ignited by FastLane, GSR, and ecological partners in New York is not just a party, but an irreversible wave. Monad is no longer just potential; it is an inevitable future. When the laughter and lights of the Rooftop fade away, what remains is the steadfast heartbeat of the Builder community for the future. New York is just the beginning; the real story of Monad will move from here to the world.

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