Monad's High-Performance EVM Ecosystem Ignites a Wave of Innovative Applications.

Written by: 100y.eth, Four Pillars

Compiled by: Deep Tide TechFlow

Key Points

• The highly anticipated Monad mainnet is about to launch. Monad has attracted significant attention from investors and retail users due to its high-performance technology stack based on EVM. Although Monad is fully compatible with EVM, it is expected to provide a smoother and more scalable user experience.

• With its cutting-edge technology, Monad can support new types of decentralized applications (dApps) that other EVM networks cannot achieve. Currently, there are many dApps in the Monad ecosystem, but this article will delve into those that are truly native to Monad.

1. The Long-Awaited Launch of Monad

1.1 The Secret Behind Monad's Popularity

Original Tweet Link: Click Here

On October 14, Monad officially announced the launch of its airdrop claim portal, and user excitement is at an all-time high. This is not surprising, as Monad attracted significant attention back in the first quarter of 2023 when it announced its seed round financing. However, it has been two and a half years since the seed round financing, and the mainnet is finally close to launch.

There are several reasons for Monad's popularity, including investments from well-known venture capital firms and a unique community culture, but the core reason is its technology. At that time, building and implementing a parallel EVM was an ambitious goal, which was enough to capture the attention of investors, the community, and users.

Monad is a high-performance, EVM-compatible L1 network with the following technical features:

• MonadBFT: An optimized Byzantine Fault Tolerance (BFT) consensus algorithm that can achieve 10,000 transactions per second (tps) and sub-second finality even in an environment with hundreds of consensus nodes. Unlike traditional BFT systems, MonadBFT requires only one round of consensus to reach a "near-final" state.

• RaptorCast: A method that allows the main validator to efficiently transmit large blocks to other validators. The main validator uses erasure coding to split block proposals into multiple parts, each of which is first sent to non-main validator nodes, which then further propagate them. This reduces the load on the main validator while ensuring security, as erasure coding can recover data from partial blocks.

• Asynchronous Execution: In most blockchains, consensus and execution are bundled together, leading to inefficiencies. Monad separates the two, allowing nodes to first reach consensus on the order of transactions and then execute them, providing ample processing time.

• Parallel Execution: Monad uses optimistic execution, processing transactions in parallel first and only re-executing those that conflict.

• MonadDb: Unlike Ethereum's structure, MonadDb is based on Merkle Patricia Trie, supporting direct access to Trie nodes, asynchronous processing of read and write requests, optimizing parallel execution, and supporting features like file system bypass and concurrency control.

Through these core optimizations, Monad achieves exceptional scalability, enabling dApps that are not possible on other EVM networks. Coupled with its full EVM compatibility, Monad provides developers with an excellent development environment, allowing them to freely build various applications without worrying about scalability limitations.

1.2 The Monad Ecosystem: Born for Monad

So, with the Monad mainnet about to launch, what services can users expect to see in its ecosystem? As of October 11, 2025, the Monad Ecosystem Directory lists a total of 293 dApps, including well-known projects such as 0x, Balancer, Euler, Farcaster, Lombard, Magic Eden, OpenSea, Pancake Swap, Stargate, StakeStone, Uniswap, and Wormhole.

However, Monad is quite different from existing blockchain networks, so we can expect more unique and innovative services to emerge on the Monad network. This article will explore some of the notable dApps in the Monad ecosystem, as well as award-winning projects from the Monad Accelerator Program and hackathons.

Here is a quick summary of some noteworthy dApp categories and their representative projects; interested readers can scroll down for more details:

• Staking: aPriori, FastLane Labs, Magma, Kintsu

• Spot DEX: Kuru, Clober, Crystal, Capricorn

• Perpetual Contract DEX: Drake, Celeris, Narwhal Finance, Perpl, Monday Trade

• Aggregators: Monorail, Mace

• Lending: Townsquare, Modus, Curvance

• New DeFi: Likwid, Timelock, Touch Market

• Prediction Markets: Opinion Labs, Buzzing App, Kizzy, Levr.Bet, RareBetSports, Narrative, Hyperthesis

• Trading Terminal/Bots: SEER, ChainPro, KiSignals, mevX, Mona Trading Bot

• Meme Coin Launchpad: CULT, Alloca, nad.fun

• Games: Lumiterra, Omnia, LootGo

• Artificial Intelligence: Fortytwo, Symphony, TypeX, AMMO AI, Rayvo

• NFT: Chog, lil chogstars, Monadverse, Purple Frens, Poply

• RWA: Zona, BlockStreet, Mu Digital

2. Noteworthy dApps in the Monad Ecosystem

2.1 aPriori

Source: aPriori

aPriori is the most renowned liquid staking protocol in the Monad ecosystem. Users can stake MON and receive liquid staking tokens aprMON. aprMON not only earns regular PoS staking rewards but also captures MEV profits generated by the network and distributes them to users.

Due to Monad's high scalability, the network will handle a large volume of transactions, naturally creating many MEV opportunities. Unlike traditional EVMs that process transactions one by one, Monad EVM employs parallel processing, which significantly changes the way MEV is captured. aPriori is well aware of this and proposes the concept of probabilistic MEVA.

aPriori secured $2 million in seed funding from Hashed and Arrington Capital in 2023, followed by $8 million in seed funding from Pantera, Consensys, and Flow Traders in July 2024, and an additional $20 million in funding from Pantera, HashKey, and IMC Trading in August 2025. This makes it one of the most well-funded dApps in the Monad ecosystem. Users can stake MON on the testnet to receive aprMON and use it across various DeFi protocols.

2.2 FastLane Labs

Source: FastLane Labs

FastLane Labs provides staking and MEV-related infrastructure for the Monad ecosystem, with key services including:

• shMONAD: A Monad liquid staking protocol based on FastLane's MFL and Atlas technology, which not only extracts MEV profits but also ensures that the earnings flow back to ecosystem participants.

• shBundler: A bundler designed for the ERC-4337 account abstraction standard, integrating the bundler's functionality directly into the validating nodes.

• shMonad RPC: A high-performance Monad RPC infrastructure that allocates network bandwidth based on the amount staked. Users with more shMON can receive higher bandwidth and lower latency, preventing network overload and witch attacks.

FastLane Labs not only operates a liquid staking protocol but also helps users interact with the network more efficiently and fairly by building core infrastructure. The project has received a strategic investment of $6 million from Coinbase Ventures, Figment Capital, DBA, Robot Ventures, Hashkey, Chorus One, and Kiln. Users can stake MON on the testnet to obtain shMON and use it across various DeFi applications.

2.3 Kuru

Source: Kuru

Kuru is a fully on-chain order book exchange on Monad, aiming to become a trading hub. Thanks to the high scalability of Monad EVM, Kuru enables on-chain order book trading. Kuru not only uses CLOB (Central Limit Order Book) but also combines AMM liquidity to ensure smooth trading even in markets with lower liquidity.

Kuru offers two modes: Lite mode and Pro mode. In Pro mode, users can trade different tokens through the order book and provide liquidity; in Lite mode, users can easily trade tokens using order book liquidity through a simple exchange interface.

In July 2025, Kuru successfully raised 11.6 million dollars from Paradigm, Electric Capital, and Credibly Neutral. Users can now try the simple exchange function in Lite mode on the testnet, explore the trading interface in Pro mode, and even experience providing liquidity for the order book.

2.4 Others

Other notable projects in the Monad ecosystem include (for reference only; protocols not covered in Section 2.4 will be discussed in the next section):

Staking

• Kintsu: A liquid staking protocol where users can stake MON and receive sMON as a reward.

• Magma: A liquid staking protocol where users can stake MON to mine gMON. This protocol offers MEV-enhanced rewards and employs Distributed Validator (DV) technology, allowing multiple participants to share the responsibilities of validation nodes.

Spot DEX

• Crystal: A decentralized exchange (DEX) with an on-chain order book (CLOB), where all trades are processed directly on-chain via smart contracts.

• Capricorn: Capricorn combines oracle-based private pools with CPMM/CLMM liquidity pools, aiming to merge the efficiency of CLOB with the composability of AMM.

• Monday Trade: A decentralized exchange (DEX) that provides a centralized exchange (CEX)-like user experience through a hybrid CLOB/AMM architecture, supporting trading of multiple tokens.

Perpetual Contract DEX

• Narwhal Finance: A perpetual order book decentralized exchange based on Monad, supporting the use of aprMON as collateral and trading of synthetic assets (such as stocks, indices, and forex).

• Perpl: A CLOB-based perpetual futures decentralized exchange built to fully leverage Monad's exceptional scalability. In May 2025, the project raised $9.25 million from Dragonfly, Ergonia, and Brevan Howard.

Aggregators

• Mace: A Monad-native DEX aggregator that routes trades across multiple DEXs to find the optimal trading path.

Lending

• Townsquare: A lending protocol in the Monad ecosystem that was a finalist in Monad Madness.

• Modus: A protocol positioned as an on-chain prime broker, serving as the native lending protocol within the Monad ecosystem. Modus not only offers simple lending services but also provides modular features such as vaults and delta-neutral strategies. The project has received investment from Yzi Labs.

• Curvance: Users can obtain loans on Curvance using various assets within the Monad ecosystem as collateral.

New DeFi:

• Timelock: A protocol based on Uniswap V3 liquidity that provides exchange and trading functions, supporting a leveraged trading experience without liquidation. Future plans include launching additional services such as futures, options, and meme tokens.

• Touch Market: A protocol offering a new trading experience where users can set price and time ranges on charts, allowing them to profit if the price "touches" that level. It provides an intuitive investment interface and stands out with trading capabilities of up to 1000x leverage.

Prediction Markets

• Opinion Labs: One of the most popular prediction markets in the Monad ecosystem, which secured $5 million in seed funding from YZi Labs, Animoca, and Amber.

• Narrative: A prediction market aimed at allowing users to trade or invest in assets based on narratives and emerging trends.

• Hyperthesis: Although currently limited information is available, this project appears to be developing a prediction market within the Monad ecosystem.

Trading Terminal/Bots

• MevX: A multi-chain trading terminal focused on meme and alpha tokens. It offers features such as sniping and copy trading, with plans to support the Monad mainnet.

• Mona Trading Bot: A trading bot designed specifically for the Monad ecosystem.

Meme Coin Launchpad

• Nad.fun: A meme issuance and trading platform with a simple interface, similar to pump.fun, allowing anyone to use it easily.

Games

• Lumiterra: A multiplayer open-world survival building game where players can explore the world through activities such as collecting, crafting, battling, and farming.

• Omnia: A game native to Monad that combines adventure and pet-based combat gameplay.

• LootGo: A mobile application that allows users to earn while walking, providing a gamified experience similar to Pokémon GO.

NFT

• Poply: An NFT marketplace focused on the Monad community.

RWA

• Zona: Supports the tokenization of real-world assets or the issuance and trading of synthetic assets, which can also be used as collateral for lending.

• Block Street: Builds on-chain execution and lending infrastructure for tokenized stocks, providing an RFQ system and risk engine. In October 2025, the project raised $11.5 million from investors such as HackVC and DWF.

Others

• Accountable: A real-time financial verification protocol that allows companies, protocols, and stablecoins to share transparent asset and liability information while maintaining privacy.

3. Selected Projects from the Official Monad Blog

Monad has introduced several projects through five articles on its official blog, which have gained significant attention due to being recommended by the Monad official platform. Here are detailed introductions to these projects:

3.1 Fortytwo

Fortytwo is a decentralized artificial intelligence network built on Monad. It generates final inference results by running multiple small language models (SLMs) simultaneously on consumer-grade hardware and combining their outputs through a consensus process. In short, Fortytwo aims to build a more powerful AI system by connecting multiple small models.

Using multiple small SLMs instead of a single large language model (LLM) is not a new concept. This approach has been widely applied in AI research. For example, autonomous driving systems are typically not built by a single large AI model but rather through multiple specialized sub-modules that handle specific tasks, forming a more complete system.

Source: Fortytwo White Paper

The working principle of Fortytwo is relatively simple. When a user sends a query to the network, participating nodes independently generate answers and evaluate each other's responses, with the highest-scoring answer becoming the final consensus result. To ensure fairness, all answers are encrypted before submission and decrypted afterward. Additionally, to prevent witch attacks, nodes must stake a certain amount of tokens to participate. Monad is used as a coordination layer for settlement and reward distribution.

In March 2025, Fortytwo successfully raised 2.3 million dollars in pre-seed funding from Big Brain Holdings, CMT Digital, EV3, Chorus One, and Mentat Group. Any user with a decent home desktop computer can run a node.

As of the testnet phase, there are 739 active nodes in the network. For users interested in the Monad AI ecosystem, running a Fortytwo node after the launch of the Monad and Fortytwo mainnets will be a great experience.

3.2 Multisynq

Multisynq aims to build a new type of internet protocol for real-time synchronization. Currently, there is no standardized protocol for real-time synchronization, so applications like game servers and video conferencing tools must build their own solutions from scratch. In a centralized client-server architecture, the server is responsible for all computations, creating a single point of failure.

Source: Multisynq

Multisynq addresses this issue by eliminating the server-centric structure. Instead, each user's device locally executes application logic, while synchronization nodes in the Multisynq network are responsible for coordination. Synchronization nodes do not store data and cannot read the contents of encrypted messages; they only manage synchronization.

The real-time synchronization protocol developed by Multisynq fills an important gap in the modern internet. When combined with blockchain, it can help build a truly decentralized network. This could one day make it possible to run large applications like MMORPGs (Massively Multiplayer Online Role-Playing Games) that support hundreds of thousands of players or map services based on real-time traffic data from millions of users. Multisynq serves as the synchronization layer in this decentralized internet and plans to integrate the Monad blockchain to handle synchronization states and registries.

In April 2024, Multisynq raised 2.2 million dollars in seed funding from Manifold Trading and Republic Capital, and in February 2025, it raised $350,000 through a community round held by Echo. Users can currently run synchronization nodes and earn points.

3.3 Likwid

Likwid is a DeFi protocol based on Monad that combines automated market maker (AMM) and lending functionalities into one system, allowing users to provide liquidity, borrow other assets, or open long and short positions on a single platform. The most notable feature of Likwid is that it does not rely on centralized exchanges, oracles, or counterparty trading to achieve these functionalities.

Traditionally, opening short positions on new tokens using DeFi protocols has been very difficult. Users need to deposit collateral into a lending protocol, borrow tokens, and sell them. However, new tokens often lack oracle data or are not supported by lending protocols. Even when supported, liquidity is usually very low.

Source: Likwid

In Likwid, the liquidity pool itself acts as both a market and a lending platform, serving as the counterparty. Liquidity providers not only provide liquidity and earn fees like in AMM DEXs but also act as lenders and derivatives liquidity providers.

For example, in the MON/LIKWID liquidity pool, users can deposit MON as collateral and simultaneously execute a short position on LIKWID. This process involves borrowing and selling LIKWID tokens in one step.

After the launch of the Monad mainnet, users will be able to perform basic operations such as token exchanges, liquidity provision, and lending on Likwid, as well as open long or short positions on new tokens to seize trading opportunities in the early ecosystem.

3.4 Clober

Source: Clober

Clober is a fully on-chain order book decentralized exchange (DEX) built on Monad. In addition to Monad's scalability, the protocol introduces its unique LOBSTER (Segment Tree-based Efficient Order Matching Limit Order Book) mechanism, achieving efficient and gas-saving order matching.

Building an on-chain order book on EVM faces many technical challenges. For example, when a user places a buy order, it must be matched sequentially with multiple sell orders. Handling these operations through for loops or similar structures consumes a lot of gas. LOBSTER solves this problem through delayed execution: each sell order covers a specific price range, and the system decides whether to match based on the size of the buy order. Sellers then settle the transaction.

For large market orders that require scanning multiple price levels, on-chain order books are often inefficient. LOBSTER uses a tree-based data structure to only search price levels that actually have orders, thereby improving performance and gas efficiency.

Through these innovations, Clober achieves AMM-level efficiency and centralized exchange (CEX)-level precision within an on-chain limit. Leveraging Monad's scalability, it has built an advanced structure capable of rivaling the performance of centralized exchanges. Users can trade tokens through the order book, place limit orders, and provide liquidity directly on the Clober platform.

3.5 Drake

Source: Drake

Drake is a fully on-chain perpetual contract decentralized exchange (DEX) built on Monad, aiming to provide CEX-level performance while retaining the transparency and composability of DeFi. Drake's order book, matching engine, risk engine, and vault all operate on-chain.

Thanks to Monad's scalability, Drake is able to fully on-chain each component of the order book. Its parallel execution and low transaction costs allow it to efficiently match a large number of orders and update states, achieving a truly on-chain perpetual contract DEX.

Drake also stands out with its hybrid order book model. It primarily uses on-chain liquidity but can supplement from AMM liquidity when order book liquidity is insufficient, ensuring overall deeper liquidity.

Drake has not yet conducted venture capital financing and has adopted a community-driven approach, which is becoming a popular trend in new perpetual contract DEXs. Monad users can already try Drake on the testnet.

3.6 Celeris

Source: Celeris

Celeris is a trading platform based on a new type of order book called PLOB (Parallelized Liquidity Order Book). In a CLOB system, liquidity is dispersed across separate markets, while in PLOB, a shared liquidity pool supports all markets simultaneously, greatly improving capital efficiency.

Since PLOB provides deeper liquidity than CLOB, traders experience less slippage. This model is more favorable for liquidity providers, as the same total value locked (TVL) can be distributed across more markets, generating higher overall fees.

Implementing PLOB requires real-time management and synchronization of the states of many markets, which is extremely complex on-chain. However, Monad's parallel EVM and MonadDB enable it to process transactions in parallel and efficiently manage multiple markets, providing a perfect environment for the operation of PLOB.

Users can deposit Monad testnet tokens into Celeris to trade perpetual contracts across multiple markets and also try out liquidity provision and lending functionalities.

4. Hackathon Award-Winning Projects

Monad is known for its strong community and support for early projects in the ecosystem. Through various accelerator programs and hackathons, Monad provides resources and exposure opportunities for many new teams.

Although most teams participating in these projects are still in the early stages, those that have won awards at Monad's official events are definitely worth paying attention to. Let's quickly review some of them.

4.1 Monad Founder Residency Program

Source: Monad

The Monad Founder Residency Program is a three-week sprint project aimed at early crypto startups building on the Monad blockchain ecosystem. At the end of the three-week sprint, participating teams will have the opportunity to showcase their projects to global venture capital firms on demo day. The program provides growth activities, user retention strategies, mentorship, and networking support to help startups scale from multiple aspects.

Currently, the program has held two sessions, with a maximum of ten projects selected for each session. Here is a brief introduction to the selected projects:

Session One

• Symphony: An AI agent that helps users optimize trading strategies and explore investment opportunities across different networks.

• Chog NFT: An NFT project based on the Monad mascot character Chog, which has received strong support from the community.

• Meow Finance: A vault protocol based on Monad that tokenizes locked vault assets into NFTs, making them usable elsewhere.

• Zona Finance: A platform that brings RWA (Real World Assets) on-chain, focusing on real estate investment and allowing users to use these assets as collateral to borrow stablecoins.

• Monorail: A native Monad exchange aggregator that allows users to trade assets through optimal routes.

• The Vape Labs: A DePIN project built around smart e-cigarette devices, adopting a health-focused e-cigarette monetization model.

• Rayvo: A Web3 smart glasses project that employs a wear-to-earn model, allowing users to earn tokens by wearing glasses and providing POV data usable for AI or on-chain systems.

• Fans3 AI: A platform that enables creators to build and operate emotionally intelligent AI characters that can interact with fans and generate revenue.

Session Two

• TypeX Keyboard: A project creating an AI and Web3-friendly smart keyboard that connects typing interfaces directly to AI and Web3 services.

• Sonzai Labs: A studio that combines Web3, AI, and gaming to create immersive experiences, developing mini-program games on Telegram.

• Buzzing App: A viewpoint-based prediction market where users can bet on questions like "Will ETH exceed $10,000 by December?"

• Agra: A protocol that allows users to trade, lend, and invest using assets across multiple networks as collateral.

• SEER: A trading platform that integrates market insights, social trends, and trading tools.

• Yap.market: A marketplace connecting content creators (yappers) with projects.

• Kizzy: A social media prediction platform based on Monad where users can bet on metrics like YouTube video views or influencer follower growth.

• Rug Rumble: A GameFi project based on Monad where two players bet memecoins and battle in a card game.

• CULT: A memecoin trading platform that allows for easy launching and trading of new memecoins on Monad, featuring a selective presale reputation system.

• Mu Digital: A platform for investing in tokenized real assets (RWA) in Asia, supported by UOB, Signum Capital, and CMS.

• Levr.Bet: An on-chain leveraged sports betting platform based on Monad. As the prediction market heats up, LEVR.BET stands out by offering up to 5x leverage.

4.2 Monad Madness

Source: Monad

Monad Madness is a roadshow competition aimed at global developers and startups, designed to discover and support innovative projects within the Monad ecosystem. The competition has a prize pool of up to $1 million and offers potential venture capital opportunities of up to $60 million through partnerships with several venture capital firms.

Monad Madness has been held in New York, Bangkok, and Hong Kong so far. Let's take a look at the top three projects from each event.

New York

• EarnOS (1st Place)

EarnOS is the first application built on the blockchain payment orchestration protocol OS (OpenSystem). It is a rewards and advertising platform aimed at addressing inefficiencies in the traditional advertising market. While traditional advertising markets have high click-through and exposure rates, the actual effectiveness is unclear, and consumers are merely treated as targets. On EarnOS, brands can directly post tasks to users, who can immediately earn rewards like USDC upon completion. Users can register on the EarnOS platform and participate in various activities to earn points.

• ChainPro (2nd Place)

ChainPro is an on-chain trading terminal formerly known as SauceGG. It allows users to trade various assets across multiple networks on a single platform. With its excellent UI/UX and zero fees, ChainPro makes memecoin trading more convenient. It plans to support the Monad mainnet, making asset trading, including meme tokens from the Monad ecosystem, more accessible.

• LEVR.BET (3rd Place)

See Monad Founder Residency Program Session Two.

Bangkok

• RareBetSports (1st Place)

RareBetSports is a Web3-based sports betting prediction market and a native decentralized application (dApp) on Monad. Its uniqueness lies in allowing users to form rosters of 2 to 7 players and predict each player's performance, adding a strong strategic element.

• Kizzy (2nd Place)

See Monad Founder Residency Program Session Two.

• SparkBall (3rd Place)

SparkBall is a PC-based 4v4 sports and combat hybrid game where players score goals during battles against opponents.

Hong Kong

• AMMO AI (1st Place)

AMMO AI is a project building large-scale multi-agent systems on Web3. It creates a reinforcement learning environment where multiple agents can interact and learn autonomously. The project has received investment from AMBER and Samsung Next.

• GM Network (2nd Place)

GM Network is developing a mobile-based AI super app that provides agent-driven chat services.

• TypeX (3rd Place)

See Monad Founder Residency Program Session Two.

4.3 Monad evm/accathon

Source: Monad

Monad evm/accathon is a hybrid hackathon held during ETH Denver, featuring both offline and online tracks. The event focuses on innovative solutions leveraging Monad's high-performance EVM architecture. Five projects were awarded in the evm/accathon:

• KiSignals (1st Place)

KiSignals, developed by the KiFi team, is an alpha-call aggregator on Telegram that allows users to trade tokens based on social data. KiFi is a mobile trading and SocialFi platform based on Monad, where users can currently register for the beta waitlist.

• StageFun (2nd Place)

StageFun, developed by the Blocklive team, is a crowdfunding platform for events.

• OwnPay (3rd Place)

OwnPay is a payment service that supports instant on-chain transactions between devices.

4.4 Monad Mach 2: NFT

Source: Monad

Monad Mach 2 is an accelerator project designed for NFT builders in the Monad ecosystem, offering one-on-one guidance, workshops, and masterclasses. A total of 80 NFT projects have been selected, and the complete list can be found in the official post from Monad Eco X. Here are some notable projects:

• Monad Nomads NFT: One of the early OG NFT projects in the Monad ecosystem, launched in February 2023. Whitelist eligibility is obtained through various community activities.

• Monadverse: An NFT series centered around Monanimals characters, released in chapters. It collaborates with over 40 other projects to conduct activities and is one of the core NFT projects in the Monad ecosystem.

• skrumpeys: A cute pet-themed NFT collection consisting of 500 Skrumpets NFTs. The team has also teased a rare DN NFT collection, with only 135 to be issued in the future.

• lil chogstars, Chog: Popular PFP projects in the Monad ecosystem, both inspired by the Chog character.

• Breath of Estova: A 2D MMORPG built on Monad that allows players to use NFTs from other projects as in-game skins.

• Purple Frens: An NFT series issued by the Monad-based token issuance platform Alloca. It has raised $2.5 million from CMS and Cogitent. Holders are expected to enjoy benefits such as revenue sharing, presale rights, and platform perks.

4.5 Monad Momentum

Source: Monad

Monad Momentum is an incentive program aimed at accelerating early growth in the ecosystem. Unlike traditional funding systems, it adopts a matching incentive model. This means that when selected projects invest their own resources, the program will match additional support.

In the past, many L1 and L2 ecosystems operated through funding programs or ecosystem funds but failed to establish meaningful dApp ecosystems. However, Monad has drawn valuable lessons from its previous projects (such as the Founder Residency Program, evm/accathon, and Monad Madness). Based on these experiences, Monad aims to reward projects that make tangible contributions to the ecosystem and cultivate a sustainable, high-quality dApp environment after the mainnet launch.

The selection criteria for Monad Momentum are very strict:

1. Projects must have already been running on the Monad testnet or be ready to deploy to the mainnet soon.

2. Projects must have completed or scheduled a security audit.

3. Projects must demonstrate operational sustainability.

4. Projects must have meaningful user metrics.

The complete list of selected projects for Monad Momentum has not yet been announced, but it is worth closely following updates on Monad Momentum, as MON incentives will be distributed to users of these dApps after the mainnet launch.

Final Thoughts

From Bitcoin and Ethereum to the countless subsequent L1 and L2 networks, some have succeeded while others have not. So, what exactly determines success? While technology and user or developer experience are important, the most critical factor is building a vibrant and sustainable dApp ecosystem. Monad is no exception.

Ethereum made smart contracts possible. Solana supports high-performance applications that Ethereum cannot handle. Monad's greatest advantage lies in its "high-performance EVM," and its success depends on whether it can launch enough demanding, performance-intensive EVM applications to attract users.

Looking across the current Monad ecosystem, we can draw several key insights:

• Projects that fully leverage Monad's performance: Many existing dApps in the ecosystem, such as order book DEXs and memecoin launch platforms, fully utilize Monad's parallel execution capabilities and MonadDb features. Interestingly, while other ecosystems are primarily dominated by AMM-based DEXs, Monad's scalability allows for more CLOB (central limit order book)-based DEXs to emerge. Beyond trading, industries like social, gaming, and streaming may also thrive. We hope to see killer applications emerge in these areas after the mainnet launch.

• Lack of stablecoin and RWA projects: The stablecoin and real-world asset (RWA) sectors have become core to the crypto industry and are among the few areas that have achieved product-market fit. While high scalability is not critical for these sectors, they are essential for the infrastructure of any blockchain ecosystem. Currently, Monad lacks strong players in this category. Given its advantages in the trading sector, Monad should also develop a robust stablecoin and RWA ecosystem. The Monad Foundation's acquisition of Portal in July is an exciting step in this direction.

• Competition among liquid staking protocols: Even before the mainnet launch, several mainstream liquid staking protocols, such as aPriori, FastLane Labs, Magma, and Kintsu, are ready to go live. While their unique differentiating advantages are noteworthy, an excess of liquid staking options may dilute liquidity and impact user experience. It will be interesting to see how this competitive landscape evolves after the mainnet launch.

The long-awaited journey of Monad has just begun. For all those embarking on their first adventure in the Monad ecosystem, we hope this guide helps you explore the Monad ecosystem with confidence.

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