Monad
Monad is a high-performance Layer 1 blockchain delivering EVM-compatible infrastructure with approximately 10,000 TPS and sub-second finality, serving developers, financial institutions, and consumer applications through its mainnet launched in November 2025.
- Company typePrivate
- Founded2022
- HeadquartersNew York, United States
- Headcount51–100
- GTM typeB2B and B2C
- OfferingSoftware
What Monad does
Monad is a high-performance Layer 1 blockchain built to overcome Ethereum's scalability constraints while preserving full EVM bytecode compatibility. Founded in 2022 by former Jump Trading engineers Keone Hon (CEO), James Hunsaker (CTO), and Eunice Giarta (COO), the company developed a proprietary architecture comprising MonadBFT consensus, RaptorCast block propagation, asynchronous execution, optimistic parallel execution, and the custom MonadDB state database. This stack targets approximately 10,000 transactions per second with ~400ms block times and sub-second finality, while allowing validators to run on consumer-grade hardware. The Monad Foundation was established as an independent governing entity in December 2024, and the Monad Public Mainnet launched on November 24, 2025, alongside the MON token generation event.
The company serves three primary customer segments: developers and technical founders building decentralized applications (DeFi, gaming, consumer apps, AI agent integrations); financial institutions pursuing 24/7 global payments, asset tokenization, and capital markets infrastructure; and end consumers interacting with blockchain applications requiring fast, low-cost transactions. The core product offering is the Monad blockchain and MON token, supported by a developer ecosystem including documentation, infrastructure directories (209 tools and services), validator tooling (gmonads), and a suite of growth programs (DeltaV, Monad Momentum, Monad Madness, Founder Residency, evm/accathon, Mach Accelerator, Monad Blitz hackathons). Major ecosystem participants include Aave ($100M deposits in 48 hours), Uniswap, Curve, PancakeSwap, MetaMask (Money Account with Mastercard), Franklin Templeton, Chainlink ($5B+ cbBTC bridge), Monday Trade (tokenized US stocks), and Valos ($110M institutional credit TVL).
Monad's revenue model is built on gas fees denominated in MON tokens for network transactions and staking economics for validators securing the protocol. The go-to-market blends developer-led growth (hackathons, builder programs, community channels) with an institutional sales motion targeting financial institutions for tokenization and payments, plus retail distribution via Coinbase, Kraken, Gemini, and KuCoin exchange listings. Through November 2025, the company has raised approximately $244 million in equity ($19M seed led by Dragonfly Capital, $225M Series A led by Paradigm), $187.5 million in a public token sale via Coinbase at a $2.5B FDV, and an estimated $12B FDV at airdrop. Total equity funding is supplemented by strategic acquisitions of Portal (stablecoin infrastructure) and Ponder (developer tooling) to extend product surface beyond the core L1.
Monad firmographics
Firmographics- Name
- Monad
- Legal name
- Monad Foundation
- Website
- https://monad.xyz
- Company type
- Private
- Founded year
- 2022
- Operating status
- Operating
- Headcount range
- 51–100 employees
- Short description
- Monad is a high-performance Layer 1 blockchain delivering EVM-compatible infrastructure with approximately 10,000 TPS and sub-second finality, serving developers, financial institutions, and consumer applications through its mainnet launched in November 2025.
- Ownership category
- akta.pro rank
Monad industry classification
Industry- Product category
- Layer 1 Blockchain Infrastructure
- NAICS
- Financial Transactions Processing, Reserve, and Clearinghouse Activities (522320)
- SIC
- Security & Commodity Brokers, Dealers, Exchanges & Services (6200)
- akta.pro primary industry
- Node Operations, RPC & Infrastructure Services (nodes, validators, RPC, relayers) (FSAPAAAF)
- akta.pro secondary industry
- Payment Orchestration, Routing & Smart Transaction Management (Crypto) (FSADAIAJ)
Keywords
Where Monad is headquartered
LocationHeadquarters
- HQ city
- New York
- HQ country
- United States
- HQ region
- North America
Offices3 records
Markets served
Monad business model
Business model- GTM type
- B2B and B2C
- Offering type
- Software
- Cost components
- Technology or R&D, Marketing or Sales, Personnel, Operations, Infrastructure
Revenue model
- Gas Fees (Transaction Fees): Users pay gas fees denominated in MON tokens for transactions on the Monad network. Fees scale with computation and storage usage.
- Staking Rewards: MON token holders stake to secure the network and earn staking rewards, creating a yield stream that aligns validator and user incentives around protocol growth.
Go-to-market motion2 records
Distribution channels8 records
Marketing channels12 records
Monad product offering
Product offeringCore offering
Monad operates a high-performance, EVM-compatible Layer 1 blockchain that targets around 10,000 transactions per second with ~400ms block times and sub-second finality using a custom stack (MonadBFT consensus, RaptorCast block propagation, asynchronous and optimistic parallel execution, and the MonadDB state database). The network is powered by the MON token, which is used to pay gas fees and to secure the chain via staking, and is supported by developer tooling, ecosystem incentive programs, and an acquired stablecoin payments suite (Portal).
Product overview
Monad is a high-performance EVM-compatible Layer 1 blockchain designed for scalability without compromising security or decentralization. The core offering is the Monad network itself, which processes approximately 10,000 transactions per second with ~400ms block times and ~800ms finality. The ecosystem comprises: (1) Core blockchain infrastructure with MON token for gas fees and staking; (2) Developer ecosystem including documentation, developer portal, infrastructure directory, and AI Blueprint program; (3) Growth programs including DeltaV (founder hub), Monad Momentum (growth accelerator), Founder Residency, and Mach Accelerator; (4) Community engagement through Monad Blitz hackathons, Monad Missions, and The Studio NYC co-working space; (5) Acquired products including Portal (stablecoin payments) and Ponder (developer tools); (6) Validator tools including gmonads; (7) Block explorers including Monadscan and MonadVision; (8) Analytics platforms and ecosystem dashboards.
Differentiator
Problem solved
Functional benefit
Products and services
- Monad Blockchain High-performance EVM-compatible Layer 1 blockchain targeting ~10,000 TPS with ~400ms block times and sub-second finality, using MonadBFT consensus, asynchronous and optimistic parallel execution, and the MonadDB custom database. Full bytecode-level EVM compatibility lets existing Solidity contracts and tooling deploy unchanged.
- MON Token Native token of the Monad protocol used to pay gas for transactions and to secure the network through staking. Total initial supply of 100 billion MON at mainnet launch, distributed via Coinbase Token Sales and airdrop to ~76,000 wallets.
- Monad Documentation Comprehensive documentation portal covering Monad's architecture, MonadBFT consensus, parallel execution, MonadDB and developer guides for building on the EVM-compatible chain.
- gmonads Validator Platform Validator management platform enabling operators to run Monad validators on consumer-grade hardware and participate in network consensus.
- Monadscan Block Explorer Block explorer and analytics platform for inspecting transactions, contracts and network activity on the Monad chain.
- MonadVision Block Explorer Block explorer built by BlockVision for analyzing transactions, contracts and network activity on Monad.
- Infrastructure Directory Directory of 209 trusted tools and services for building on Monad, covering RPC providers, indexers, oracles, wallets, bridges and analytics.
- Portal Stablecoin Infrastructure Full-stack stablecoin payments suite acquired by Monad Foundation in July 2025, providing wallets, stablecoin movement and on-chain operations through SDKs and APIs. Portal CEO Raj Parekh joined as Head of Payments and Stablecoins.
- Ponder Developer Tooling Developer tooling initiative acquired by Monad in April 2026 to provide builders with advanced tools for creating decentralized applications on Monad.
- Monad Testnet (Devnet) First publicly available testnet version of the Monad Protocol, providing a safe risk-free environment for developers to experiment and communities to interact with dApps before mainnet launch.
- Monad Mainnet Public mainnet for the Monad blockchain protocol, supporting ~10,000 TPS, ~400ms block times and ~800ms finality with full EVM bytecode compatibility for production dApps.
Quantifiable outcome
- 10,000+ TPS vs Ethereum's 15-30 TPS
- +4 more outcomes
Companies that use Monad
Customer profileNamed customers10 records
Segments3 records
Ideal customer profiles3 records
Monad technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- Yes
- API docs
- API detail
Core technology
AI maturity
App detail
Integration26 records
AI capability3 records
Feature7 records
Monad partnerships and signals
Strategic signalPartnerships
21 partnerships are on record, tiered core, flagship and minor.
- ChainlinkcoreEnabled transfer of Coinbase's cbBTC from Base to Monad via Cross-Chain Interoperability Protocol (CCIP), bridging over $5 billion in Bitcoin liquidity to Monad's DeFi ecosystem.
- MetaMaskflagshipConsensys launched MetaMask Money Account exclusively on Monad, enabling users to earn up to 4% variable APY on stablecoin balances with Mastercard-linked spending card.
- AaveflagshipDeployed V3 lending protocol on Monad with $15M incentive plan from Monad Foundation and 500,000 GHO from Aave DAO, reaching $100M deposits within 48 hours.
- Anchored FinancecoreLaunched tokenized US stocks on Monad blockchain for top 10 Nasdaq-listed companies, using 1:1 asset backing and USDC settlement.
- Franklin TempletoncoreExpanded tokenized real-world asset operations onto Monad blockchain, adding institutional credibility to the ecosystem.
- TethercoreInstitutional partner for stablecoin payments infrastructure on Monad ecosystem.
- CirclecoreUSDC integration through Circle CCTP enabling native 1:1 stablecoin transfers across blockchains.
- MastercardcorePayment network partner through Crypto Partner Program and MetaMask Mastercard-linked spending card integration.
- AgoracoreAUSD stablecoin issuer with $73M market cap on Monad, backed by VanEck and custodied by State Street.
- ValoscoreLaunched institutional credit vault on Monad with $100M initial allocation, reaching $110M TVL by April 2026.
- PonderminorAcquired developer tooling initiative along with its team to accelerate blockchain development capabilities on Monad.
- PortalcoreAcquired by Monad Foundation in July 2025 to bring full-stack stablecoin payments solution; Portal CEO Raj Parekh joined as Head of Payments and Stablecoins.
- AlchemycoreEnd-to-end development platform providing APIs and monitoring tools for Monad developers.
- QuickNodecoreBlockchain infrastructure provider offering RPC endpoints and tools across 60+ blockchains including Monad.
- LayerZerocoreOmnichain interoperability protocol enabling seamless cross-chain communication for Monad applications.
- WormholecoreGeneric message-passing protocol for secure cross-chain communication supporting Monad ecosystem.
- Pyth NetworkcoreOracle providing price feeds for Monad DeFi applications.
- Coinbase CustodycoreInstitutional-grade cold storage solution for Monad digital assets.
- FireblockscoreDigital asset infrastructure company providing custody, wallets, and settlement services for Monad ecosystem.
- MoonPaycoreFiat on-ramp enabling users to buy crypto using cards, Apple Pay, PayPal on Monad.
- Bitcoin SuisseminorEnabled trading for Monad protocol on its Swiss platform.
Scale indicators13 records
Recent moves7 records
Expansion highlights6 records
Monad competitors and assessment
Company assessmentDirect peers
- Sei Network: Sei is a high-performance Layer 1 specifically optimized for trading, using parallel execution to deliver high throughput. It directly competes with Monad in the EVM-compatible trading and DeFi corridor where Monad targets Uniswap, Aave, and Curve deployments.
- Aptos Labs: Aptos is a Layer 1 blockchain using parallel transaction execution (Block-STM) to scale throughput. Like Monad, its core architectural innovation is parallel execution for performance, making it the closest in-class technical competitor for developer mindshare among high-performance L1s.
- Solana Labs: Solana is the leading high-performance Layer 1 blockchain prioritizing throughput and low fees. It is the most direct competitor to Monad's positioning: both target 10,000+ TPS with sub-second finality and compete for high-frequency DeFi, payments, and AI agent workloads where Ethereum L1 struggles.
- Sui Foundation: Sui is another Move-language high-performance L1 utilizing parallel execution and object-centric data model. It competes with Monad for high-throughput consumer and DeFi use cases and represents similar architectural bets on parallelism over single-threaded execution.
Broad incumbents
- Ethereum Foundation: Ethereum is the incumbent Layer 1 whose limitations Monad explicitly aims to address. Though EVM-compatible, Monad positions itself as a faster, cheaper alternative for workloads that Ethereum L1 cannot serve (consumer-scale apps, micropayments, AI agents).
- Avalanche Foundation: Avalanche is an EVM-compatible Layer 1 with high throughput via subnets and the C-Chain. It directly overlaps with Monad on EVM compatibility and institutional tokenization use cases, and competes for similar DeFi and RWA workloads.
- Base (Coinbase): Base is Coinbase's Ethereum Layer 2 with full EVM compatibility and Coinbase distribution. It is highly relevant because (a) Monad ran its token launch on Coinbase's platform and (b) Base captures significant EVM developer mindshare as a low-fee scaling solution adjacent to Ethereum's security.
- Arbitrum Foundation: Arbitrum is the largest Ethereum Layer 2 by TVL, with full EVM compatibility at the byte-code level - identical design philosophy to Monad's. It competes for the same developer pool and hosts many of the same DeFi protocols (Aave, Uniswap, Curve) that Monad targets.
- Polygon Labs: Polygon operates EVM-compatible scaling solutions including Polygon PoS, zkEVM, and the Polygon CDK used by various chains. As a scaling layer for Ethereum with full EVM compatibility, it competes with Monad for developers seeking higher throughput without leaving the Ethereum ecosystem.
Emerging players
- Hyperliquid Foundation: Hyperliquid is a high-performance Layer 1 built specifically for perpetual futures trading, with sub-second finality and on-chain order book. Like Monad, it positions around throughput and latency, though narrow-focused on trading rather than a general-purpose EVM chain.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
Monad social profiles
Digital presenceMonad financial estimates
Financial estimateRevenue estimate
Valuation estimate
Monad leadership team
Management profileNumber of profiles
Profiles3 records
Monad subsidiaries and ownership
Company hierarchySubsidiaries2 records
Monad funding detail
Funding detailFunding overview
Funding rounds3 records
Investors49 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Monad M&A and investment
M&A and investmentM&A
Investments5 records
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Monad
What does Monad do?
Monad operates a high-performance, EVM-compatible Layer 1 blockchain that targets around 10,000 transactions per second with ~400ms block times and sub-second finality using a custom stack (MonadBFT consensus, RaptorCast block propagation, asynchronous and optimistic parallel execution, and the MonadDB state database). The network is powered by the MON token, which is used to pay gas fees and to secure the chain via staking, and is supported by developer tooling, ecosystem incentive programs, and an acquired stablecoin payments suite (Portal).
Is Monad a public or private company?
Monad is a private company. It is classified as venture growth investor backed and is currently operating.
When was Monad founded?
Monad was founded in 2022. It employs 51 to 100 people.
Where is Monad based?
Monad is headquartered in New York, United States, in the North America region.
How does Monad make money?
Two revenue lines are on record. Gas Fees (Transaction Fees) is the primary driver. The others are staking Rewards.
Who are Monad's main competitors?
Direct peers on record are Sei Network, Aptos Labs, Solana Labs and Sui Foundation. Broad incumbents are Ethereum Foundation, Avalanche Foundation, Base (Coinbase), Arbitrum Foundation and Polygon Labs. Hyperliquid Foundation is listed as an emerging player.
Does Monad have an API?
Yes. Comprehensive developer documentation covers the Monad blockchain architecture, EVM compatibility, consensus mechanisms (MonadBFT), execution models, and development guides. The developer portal (developers.monad.xyz) provides access to tools, SDKs, and resources. MCP (Model Context Protocol) integrations are available via AI assistants: Claude (claude.ai), ChatGPT, and Grok - enabling AI agents to query Monad blockchain data and context. The infrastructure directory (/infra) lists 209 third-party tools and services developers can integrate. Developer documentation is at docs.monad.xyz.
What industry is Monad in?
Monad's product category is Layer 1 Blockchain Infrastructure. Its primary akta.pro industry code is FSAPAAAF, Node Operations, RPC & Infrastructure Services (nodes, validators, RPC, relayers), with a secondary code of FSADAIAJ, Payment Orchestration, Routing & Smart Transaction Management (Crypto). Its NAICS code is 522320 and its SIC code is 6200.