Author: Deep Tide TechFlow

Introduction: Injecting Solana's Genes into EVM

In 2023, Solana made a stunning comeback to the center of the crypto stage. From AI infrastructure to SocialFi applications, from meme crazes to high-frequency trading protocols, the innovations and wealth effects of the Solana ecosystem have attracted the attention of the entire industry. On the other hand, Ethereum developers and the community have found themselves in a subtle division—disputes over team structure, bottlenecks in EVM performance, and slow development efficiency have left many feeling lost about Ethereum's future.

As one of the hottest public chains recently, Monad is often recognized for its "parallel execution" feature. However, in addition to parallel execution and Monad DB, among other innovations, Monad also claims to be the "fastest EVM."

Monad is not a simple copy of Ethereum's code. It is compatible with the EVM ecosystem but possesses the high throughput and low latency genes of Solana; it was founded by former core members of Jump Trading and has attracted support from Solana star projects like Phantom, Pyth, and Backpack.

Monad's ambition is to allow EVM developers to achieve high performance without compromise, enabling Solana's capital and innovation to take root and flourish within the EVM ecosystem. As the testnet approaches, can Monad become the next dark horse in the public chain space? Let's explore.

The Survival Rules of Public Chains: Performance, Ecosystem, and Wealth Effect

There are countless ways to succeed, but the reasons for failure are varied.

According to incomplete statistics, at least 10 public chain-level projects are set to launch tokens or testnets in Q1. In such a fiercely competitive public chain arena, how can one survive and build an ecosystem?

1. True product orientation, not empty narratives.

The success of Hyperliquid confirms this—its Layer 1 architecture, designed specifically for financial markets, directly addresses the needs of high-frequency traders with 200,000 TPS and sub-second latency. Public chains must solve real problems rather than rely on hollow marketing rhetoric.

True product orientation requires a solid technical foundation. A simple fork is not enough for a public chain to stand out or maintain long-term competitiveness. If one blindly pursues "institutional products" while neglecting performance optimization and user needs, they will ultimately be eliminated by the market.

2. Developers are the lifeblood of the ecosystem.

Before launching on the mainnet, Base established deep connections with developers through various types of outreach, incentives, and office hours.

Solana has created new ecological labels for AI and SocialFi through hackathons and funding support. The development path of a public chain must closely align with market trends rather than being built behind closed doors.

Events like Solana's hackathons and Sui's Pitch Day strongly support developers, injecting new vitality into the ecosystem and highlighting the importance of developers within it.

3. The wealth effect is hard currency.

We must acknowledge that in the public chain arena, the importance of operations is as critical as the technology itself. Looking back at previous projects like Movement/Berachain, they have also put significant effort into operational strategies, successfully attracting a lot of attention.

The recent Solana meme/AI coin craze (such as BOME, WIF), the on-chain game token economy of Virtuals, and even the $DEGEN on Base chain all prove that the wealth effect is one of the core driving forces for attracting users. The recent BNB Chain has further demonstrated this. A "$TST" or a MyShell new listing directly stirred user emotions.

Public chains without a "wealth creation story" are destined to struggle to break through.

A combination of performance advantages based on technological innovation, strong support for developers, and the wealth effect surrounding assets must work together to achieve long-term healthy development of the ecosystem.

Bullish on Monad: Why it might be the next game changer?

1. Technological innovation: When EVM meets high-frequency trading engines.

Monad is not a fork. To provide EVM with higher performance, Monad has made four key native innovations to address the limitations of existing Ethereum-compatible blockchains:

MonadDB: A custom state database optimized for EVM storage patterns. Unlike traditional databases, MonadDB directly stores the Merkle Patricia Trie structure on disk, reducing overhead and enabling efficient parallel state access.

Parallel Execution: Monad executes multiple transactions simultaneously, assuming the initial state remains consistent, thereby increasing throughput. It ultimately ensures consistency by re-executing transactions with conflicting inputs.

Asynchronous Execution: By decoupling consensus from execution, Monad allows the entire block time to be used for transaction processing rather than interleaving execution during the consensus process, significantly enhancing the network's computational bandwidth.

Monad BFT: A Byzantine fault-tolerant consensus mechanism based on HotStuff, reducing the communication phase from three rounds to two, advancing rounds based on actual network latency to improve performance. This consensus mechanism requires only moderate hardware, making it easy for anyone to run a node.

For more details, refer to: https://docs.monad.xyz/

These innovations enable Monad to achieve outstanding performance while fully compatible with EVM, ensuring that developers can easily migrate their applications without any modifications. This not only breaks the performance bottleneck of EVM but also provides strong support for innovation among developers and the ecosystem, attracting more developers to join and becoming an important foundation for the ecosystem's vigorous development.

2. Ecosystem support: Builder-centric, providing unlimited innovation space.

Mach, Foundry, Madness, Jumpstart, Monad 101, evm/accathon… As an emerging public chain, Monad offers the most diverse support programs for developers and projects.

• Mach: Provides guidance, financing, and other related support through online Mach-1 & Mach-2 acceleration programs.
• Foundry: Offers co-working spaces for project partners to inspire each other’s creativity and innovation.
• Madness: A large offline project roadshow event by Monad, already held in New York and Bangkok, with over 10 projects receiving nearly a million dollars in funding support on-site, and Monad Madness Hong Kong scheduled for April.
• Jumpstart: Invites outstanding Web3 Builders to provide development guidance for Monad ecosystem projects.
• Monad 101: Offline events for the Monad ecosystem, providing opportunities for developers and the community to connect.
• evm/accathon: Collaborates with multiple ecosystem partners to provide top-notch support from the Monad team and leading figures in the crypto field.

Through diversified ecosystem support and community building, Monad provides comprehensive empowerment for developers. Clearly, Monad is not in a hurry to launch but is focused on nurturing the ecosystem and incubating innovation, especially supporting native projects. This also reflects Monad's long-term vision.

The Monad ecosystem has already seen the emergence of several iconic projects, such as:

• The innovative CLOB protocol Kuru;
• The MEV&LSD protocol aPriori, which raised over ten million;
• The gamified Launchpad Nad.fun, turning token issuance into a "team-up to defeat monsters" game;
• Mozi Wallet, which lowers the Web3 usage threshold through Telegram integration and gamified yield management;
• Narrative, which trades "narratives" and can be leveraged;

While these projects may struggle to surpass Solana's leading applications in the short term, they are building a unique ecological label and innovation for Monad.

3. Capital logic: The support of Solana genes and capital.

The founding team of Monad comes from Jump Trading, a high-frequency trading giant that was an important early promoter of Solana. Jump's background injects two major genes into Monad:

• Technical strength: From parallel execution to pipeline optimization, Monad's architectural design clearly bears the imprint of high-frequency trading;
• Capital network: Backpack/Phantom wallets have publicly announced their immediate support for Monad, and the Pyth oracle will also prioritize support for Monad… These "old friends" from the Solana ecosystem are paving a golden path for Monad.

Additionally, Monad's $225 million financing (from top institutions like Paradigm and Dragonfly) provides ample ammunition for its ecosystem support. Just as Multicoin nurtured the Solana ecosystem in the past, Monad's capital is replicating this path.

Standing at the Crossroads of EVM and Solana, Reshaping the Spring of EVM

Injecting Solana's performance into EVM is not just a narrative.

Solana represents high performance; EVM represents friendliness to more developers.

More importantly, Monad is not any fork but has redesigned the underlying architecture of EVM through native innovations, allowing EVM to compete directly with Solana for the first time.

It is neither a replacement for Ethereum nor a copy of Solana, but a "new species" attempting to bridge the gap between the two ecosystems.

For developers, Monad offers a performance upgrade without compromise;

For capital, it is the continuation of Solana's genes in the EVM ecosystem;

For users, it is an entry point to a low-threshold, high-interactivity on-chain life.

Challenges still exist: How to balance decentralization and high performance? How to avoid falling into the skepticism of "capital games"? How to establish a unique advantage in competition with Solana and Hyperliquid?

Can Monad rebuild the golden age of EVM?

The emergence of Monad injects a shot of adrenaline into the EVM ecosystem. When the fastest EVM meets Solana's capital and innovation, this experiment may redefine the rules of public chain competition.

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