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Exploring Monad's Early DeFi Ecosystem

Excitement is building around the high-TPS, EVM-compatible 'Solana-killer' and developers are building on it.
Exploring Monad's Early DeFi Ecosystem
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Slowly but surely, we are inching closer toward one of the most anticipated launches of this cycle — Monad.

The parallelized, EVM-compatible L1, which boasts $225M in funding from Coinbase, Electric Capital, and Paradigm, has been in testnet since March. The chain has already reached 10,000 transactions per second, an achievement that's led to hype around the chain's potential to supercharge DeFi.

With the chain continuing to grow mindshare, more teams are building on it, providing us with an early sense of how Monad’s DeFi landscape will take shape. Let's dig into a few of the hyped, early projects 👇

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David Christopher

Written by David Christopher

430 Articles View all      

David is a writer/analyst at Bankless. Prior to joining Bankless, he worked for a series of early-stage crypto startups and on grants from the Ethereum, Solana, and Urbit Foundations. He graduated from Skidmore College in New York. He currently lives in the Midwest and enjoys NFTs, but no longer participates in them.

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