Monad Testnet Launches to Challenge Ethereum and Solana
- Monad raised over $225 million before unveiling its testnet on February 19.
- The blockchain aims for over 10,000 transactions per second using parallel execution.
- Users can acquire testnet tokens from a faucet every 12 hours.
- More than 8.8 million EVM addresses received testnet tokens based on prior blockchain activity.
- The Monad Foundation was established to promote the blockchain’s development and adoption.
Monad launched its testnet on February 19, boasting over $225 million in funding and aiming for high transaction speeds of more than 10,000 per second. The network encourages user engagement through token distribution and a robust ecosystem of applications.
Source (2.6)https://decrypt.co/resources/how-to-prepare-for-monad-the-high-speed-evm-layer-1-blockchain?rand=52368
