Monad at a glance.
Monad is a Layer 1 blockchain that keeps full compatibility with Ethereum tooling while executing transactions in parallel. The goal is higher throughput and faster confirmation than a single-threaded EVM allows, without asking developers to learn a new programming model. Here is how it works and what it is used for, not the price.
$355.3M
Value locked in DeFi protocols on Monad. Updated Jun 8, 2026. Source: DefiLlama.
MON
Used for fees and securing the network. See the live MON price.
How Monad works.
Monad uses MonadBFT, a pipelined Byzantine Fault Tolerant consensus mechanism derived from HotStuff. Validators agree on the ordering of transactions, and that ordering step is separated from execution so the two can be pipelined. The network reports block times of roughly 0.4 seconds and finality of roughly 0.8 seconds. Stakers and delegators secure the network and earn rewards for participating in consensus.
Monad uses MonadBFT, a pipelined Byzantine Fault Tolerant consensus mechanism derived from HotStuff. Validators agree on the ordering of transactions, and that ordering step is separated from execution so the two can be pipelined. The network reports block times of roughly 0.4 seconds and finality of roughly 0.8 seconds. Stakers and delegators secure the network and earn rewards for participating in consensus.
Parallel execution
Monad executes many transactions at once rather than one at a time. It assumes transactions do not conflict, runs them concurrently, and re-runs any that turn out to touch the same state, which is known as optimistic parallel execution.
EVM compatibility
Monad keeps full EVM bytecode compatibility and Ethereum RPC compatibility. Contracts and tools written for Ethereum can be deployed on Monad without rewriting them.
Pipelined consensus
Ordering transactions and executing them are handled as separate, overlapping stages. Separating these steps lets the network propose new blocks while earlier ones are still being executed.
MON token
MON is the native token of the network. It is used to pay gas fees for transactions and to stake with validators that secure consensus. The total supply is fixed at 100 billion MON.
What Monad is used for.
Because Monad runs standard EVM contracts, projects from the wider Ethereum ecosystem can deploy with familiar tools.
DeFi applications
Decentralized exchanges, lending markets, and other DeFi contracts can run on Monad using the same Solidity code and wallets they use on other EVM chains.
High-throughput apps
Applications that submit many transactions, such as on-chain trading or games, can use the parallel execution model and short block times.
Token transfers
MON and tokens issued on Monad can be sent between addresses, with gas fees paid in MON.
Morpho Blue · Lending$100.0M
Euler V2 · Lending$92.0M
Curvance · Lending$55.7M
AFI Protocol · Farm$50.0M
Neverland · Lending$42.2MHold, swap and spend MON.
Monad is integrated in Zypto App. Hold MON in self-custody, swap it to any supported asset, and use it across Zypto’s features.
Be the reason Monad ships next.
Monad isn’t in Zypto App yet. Post the request to your followers, chains with the most demand get prioritised.
Request on XCommon questions.
Is Monad mainnet live?
What makes Monad different from Ethereum?
What is the MON token used for?
Can I use my Ethereum wallet with Monad?
Can I hold MON in the Zypto App?
Related networks.
From learning to doing.
Hold, swap and spend crypto across 20+ blockchains in one self-custodial app, with a real Visa card for the real world.
Self-custodial · your keys, your coins.
