Monad
An Ethereum-compatible, high-performance L1 with the capacity to process 10,000 transactions per second. Monad is all about Solana performance and EVM compatibility.
Just to give you an idea of what’s out there, other networks' capacities:
So far, $244M has been raised, with Paradigm and DragonFly leading the way. Based on the current trend, the $300M target will likely be reached in future rounds. For context, Optimism raised $357.5M, Celestia - $56.5M, and EigenLayer - $164.5M.
Monad is still in the devnet and not yet ready for public use. However, the project's ecosystem is going to be extensive, and there are already some partner and infrastructure projects that are worth paying attention to.
Activities
First of all, it's worth remembering that just over the winter, Wormhole distributed a part of $W airdrop to all members of the Monad Discord. This shows that the early members of the community are highly valued.
On top of that, Monad places a lot of importance on Discord and their community. Even the second-to-last role is going to require some effort, so the benefits here are likely to be worth it. I should also mention that the competition is pretty intense.
- So first of all join Monad's Discord-server.
- After joining, get the 1st available role "comment mob". To do this, click on the ‘get role’ button in the ‘social credits’ section.
- If you have enough free time and motivation it's not unreasonable to try and get a more meaningful role, help on what's available can also be found in the ‘social credits’ thread.
- Wormhole
Wormhole distributed rewards to the Monad community, so it's very likely that Monad will give part of allocations to the Wormhole community, especially to $W steakers.
- https://www.tally.xyz/gov/wormhole - $W staking;
- https://portalbridge.com/ - Wormhole bridge.
- $PYTH stake
Some believe that $PYTH stakers will be rewarded in the same way, but I personally skip that option for now.
Elixir is the part of Monad's ecosystem, so I think it's worth deposit at least a penny in it.
https://www.elixir.xyz/refer/anderson3895 - go to site and deposit liquidity in available pools or just bridge ETH -> elETH on the platform (in this case, you can withdraw only in mid-August). Also be sure to link social networks.
More about Elixir.
Another Monad ecosystem project, AMM (Automated Market Maker).
Uses a combination of oracles and dynamic spreads to offer sustainable returns to liquidity providers and lower prices to traders.
SwaapFinance is a fairly easy to use DEX.
- Do regular swaps and building up volume;
- Provide liquidity. This is important in this case, as liquidity management is a rather important part of SwaapFinance.
- NFT WassieVerse
Absolutely noshill idea. The collection was minted by @Inversebrah. It was minted at $300-$500 per image for two years, but literally two hours after the announcement of the fundraise in Monad, the minting was stopped. After that, the collection was moved to the Solana chain.
The announcement lists the creator of the collection as the investor. But when he was tagged and asked about it, he said that it was WassieVerse who was invested in Monad.
If you take a look at the floor, you'll see that this isn't a flip story. Holders are conservatively buying it and keeping price range at $900-$1500. There have been a few hints in the Discord of the project that a drop is almost guaranteed. I don't know if it's true or if the moderators are just hyping it, but the idea sounds appealing enough.
NFA DYOR, you can buy some here.
There aren't many options right now, but Monad's ecosystem looks pretty interesting. It's worth noting that the project is community-oriented, so even if you're short on time, it's a good idea to be at least somewhat active on social media so you don't end up feeling left out later. My view is that Monad is definitely worth a closer look. We shouldn’t expect it to be up and running anytime soon. It’s likely to be a long-term project, but in the near future we’ll probably be able to talk about Monad as a Tier-1 activity. While not many people are interested in technologies right now, in this particular case there may be a practical application for it.
Source
https://x.com/the_smart_ape/status/1800562701607059806 - Smart Ape's thread;
https://twitterscore.io/twitter/monad_xyz/overview/ - Monad's twitterscore;
https://cryptorank.io/ico/monad#funding-rounds - invest;
https://t.me/Still_Early/1070 - Still Early's post.