ABOUT
What Is It?
How we’re building an EVM-compatible L1 that is 1,000x faster than Ethereum
Monad gives developers the best of both worlds. Our new blockchain is built to process 10,000 tps with 1s block times and instantaneous finality... all while preserving full EVM compatibility for apps and infrastructure.
We're building the foundation for a world of mass crypto adoption with a mission to support devs building dApps that will change the world.
How we’re building an EVM-compatible L1 that is 1,000x faster than Ethereum
Monad gives developers the best of both worlds. Our new blockchain is built to process 10,000 tps with 1s block times and instantaneous finality... all while preserving full EVM compatibility for apps and infrastructure.
We're building the foundation for a world of mass crypto adoption with a mission to support devs building dApps that will change the world.
1000x
>5x
>20x
the throughput of Ethereum
the nearest EVM L1 (Polygon)
Solana
How is this possible?
Basically, the EVM’s processing capabilities haven’t materially upgraded since geth was released
There are _a lot_ of optimizations that can be created at the lowest level (and they all compound!)
Some high-level areas of improvement:
• Asynchronous execution (separating execution from consensus)
• Parallelization of execution
• Intelligent transaction sequencing
• Optimized contract/state storage
• Compiler optimizations
Basically, the EVM’s processing capabilities haven’t materially upgraded since geth was released
There are _a lot_ of optimizations that can be created at the lowest level (and they all compound!)
Some high-level areas of improvement:
• Asynchronous execution (separating execution from consensus)
• Parallelization of execution
• Intelligent transaction sequencing
• Optimized contract/state storage
• Compiler optimizations
Who is building this?
Monad team
We are a team of ex-Jump HFT engineers who combine deep low-latency systems expertise with strong knowledge of smart contract development and blockchain protocols
And a few degens to help on the media side
And a few degens to help on the media side
Keone Hon - CEO
Engineer & quant at Jump 2013-2022
Keone has spent most of the past ten years building low-latency systems for research and trading. In addition to building trading systems, Keone also served as team lead, managing ten developers and quants for eight years. In 2021, Keone joined Jump's crypto division and led a team of engineers focused on blockchain protocol research and dApp development; there he became convinced that his and James's prior experience was relevant to radically improving blockchain throughput.
Keone has spent most of the past ten years building low-latency systems for research and trading. In addition to building trading systems, Keone also served as team lead, managing ten developers and quants for eight years. In 2021, Keone joined Jump's crypto division and led a team of engineers focused on blockchain protocol research and dApp development; there he became convinced that his and James's prior experience was relevant to radically improving blockchain throughput.
James Hunsaker - CTO
Software engineer at Jump 2014-2022; prev exp at Goldman and JPM
James is an expert at systems engineering and low-latency programming. He has excellent instincts for proper architecture and design, and was responsible for many of the design innovations powering his team's ultra-low-latency trading system. James spent 2021 writing smart contracts in Solana, where he became deeply aware of the current state of blockchain compute.
James and Keone have worked together directly since 2014.
James is an expert at systems engineering and low-latency programming. He has excellent instincts for proper architecture and design, and was responsible for many of the design innovations powering his team's ultra-low-latency trading system. James spent 2021 writing smart contracts in Solana, where he became deeply aware of the current state of blockchain compute.
James and Keone have worked together directly since 2014.
Eunice Giarta - COO
Software product; prev exp at Shutterstock, Broadway Technology, and BAML
Eunice is an accomplished product manager and leader, with relevant experience in traditional fintech prior to making the leap to crypto. Eunice managed payments and licensing infrastructure in a large digital marketplace, and has previously led dev teams building enterprise trading systems.
Eunice is an accomplished product manager and leader, with relevant experience in traditional fintech prior to making the leap to crypto. Eunice managed payments and licensing infrastructure in a large digital marketplace, and has previously led dev teams building enterprise trading systems.
About Monad
WHO MONAD IS?
Story of Monad
Monad Labs is an early-stage, venture-backed tech startup founded in 2022.
We have roots in Jump Trading, where our founders worked together for 7 years building low-latency HFT trading systems, and later contributing to R&D at Jump Crypto in 2021. This was the genesis of Monad — synthesizing learnings from HFT, as well as some new ideas, to build the most performant and robust smart-contract blockchain possible.
With Monad, we apply our expertise in low-latency programming, compiler optimization, systems engineering, cryptography, and graph theory to substantially advance the performance and scalability of decentralized computation.
Story of Monad
Monad Labs is an early-stage, venture-backed tech startup founded in 2022.
We have roots in Jump Trading, where our founders worked together for 7 years building low-latency HFT trading systems, and later contributing to R&D at Jump Crypto in 2021. This was the genesis of Monad — synthesizing learnings from HFT, as well as some new ideas, to build the most performant and robust smart-contract blockchain possible.
With Monad, we apply our expertise in low-latency programming, compiler optimization, systems engineering, cryptography, and graph theory to substantially advance the performance and scalability of decentralized computation.
WHAT MONAD IS BUILDING?
MONAD'S Mission
MONAD is a new proof-of-stake (PoS) blockchain and decentralized computation platform that combines the best of performance and portability.
Monad offers throughput that is orders of magnitude higher than any existing smart contract blockchain, supporting 10,000 smart contract transactions per second (tps) through algorithmic improvements to virtual machine design and Byzantine Fault Tolerant (BFT) consensus mechanisms.
Monad delivers this performance while maintaining full compatibility with the Ethereum Virtual Machine (EVM) bytecode - the standard widely used for smart contract implementation - and consequently with existing Ethereum dApps and tooling.
We are addressing a challenging problem with urgent and clear market need. Demand for decentralized computation from new, increasingly complex apps as well as new crypto users is snowballing. But existing systems have extremely limited capacity.
MONAD'S Mission
MONAD is a new proof-of-stake (PoS) blockchain and decentralized computation platform that combines the best of performance and portability.
Monad offers throughput that is orders of magnitude higher than any existing smart contract blockchain, supporting 10,000 smart contract transactions per second (tps) through algorithmic improvements to virtual machine design and Byzantine Fault Tolerant (BFT) consensus mechanisms.
Monad delivers this performance while maintaining full compatibility with the Ethereum Virtual Machine (EVM) bytecode - the standard widely used for smart contract implementation - and consequently with existing Ethereum dApps and tooling.
We are addressing a challenging problem with urgent and clear market need. Demand for decentralized computation from new, increasingly complex apps as well as new crypto users is snowballing. But existing systems have extremely limited capacity.
THE FUTURE OF BLOCKCHAIN
Our Vision
Our long-term vision is to accelerate the revolutionary power of decentralized apps by offering a world-class decentralized computing platform.
We believe that decentralized computing is an essential innovation - both to facilitate censorship-resistant stores of value, and as a medium for supporting powerful, composable apps with open APIs.
While these apps are fairly simple right now, they are rapidly becoming more advanced and useful with growth facilitated by open APIs. New apps can call functions on existing apps to leverage existing functionality and build more complex and intuitive behaviors. We’ve seen the rapid growth of decentralized finance tools (exchanges, banking, payments/remittance), collectibles (on-chain art; event ticketing), and gaming. Our view is that this is only the tip of the iceberg for what is possible.
However, growth in the dApp space is fundamentally dependent on improvements in the underlying blockchains which are extremely slow by today’s computing standards.
Significantly higher throughput is needed for true mass adoption.
Monad's ultimate mission is to support the growth of the crypto ecosystem by delivering this much-needed performance.
Our Vision
Our long-term vision is to accelerate the revolutionary power of decentralized apps by offering a world-class decentralized computing platform.
We believe that decentralized computing is an essential innovation - both to facilitate censorship-resistant stores of value, and as a medium for supporting powerful, composable apps with open APIs.
While these apps are fairly simple right now, they are rapidly becoming more advanced and useful with growth facilitated by open APIs. New apps can call functions on existing apps to leverage existing functionality and build more complex and intuitive behaviors. We’ve seen the rapid growth of decentralized finance tools (exchanges, banking, payments/remittance), collectibles (on-chain art; event ticketing), and gaming. Our view is that this is only the tip of the iceberg for what is possible.
However, growth in the dApp space is fundamentally dependent on improvements in the underlying blockchains which are extremely slow by today’s computing standards.
Significantly higher throughput is needed for true mass adoption.
Monad's ultimate mission is to support the growth of the crypto ecosystem by delivering this much-needed performance.
Home page
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Team
- Keone Hon - CEO
- James Hunsaker - CTO
- Eunice Giarta - COO
about
- Story of Monad
- Monad's Mission
- Monad's Vision