An early peek into Monad, a $19 million new blockchain project

Another day, another layer 1

Why do people keep popping up new layer 1 blockchains? It’s not like the existing ones lack improvements to make.

Some weeks ago, I wrote this article about projects that recently raises funding. One of those projects particularly caught my attention. Not only that due to some famous names backing it, but also because those names are the ones who often complain that we have too many layer 1s.

What kind of contradiction is that? What is so special about the project that some people would abandon their principle? The said project is called Monad. You may assume the reason why they are invested is no other than money (or early token allocation.) But I have decided to dig more into what Nomad offers to give these folks the benefit of the doubt.

Jump Crypto links

The first clue comes from their about page. That’s where they mention how the founders have links to Jump Crypto.

Apparently, the founders worked with Jump on some high-frequency trading strategies some years back. With their experience as traders, they discovered how the need for highly performant layer 1 is nothing but vital.

That means Monad is trader-centric. It is built by traders, and for traders (‘s demand of performance.) It’s both good and bad. The good is, since traders are profit-maximizing entities, they are incentivized to truly…