Monad Mainnet by Monad Foundation / Category Labs: status and timeline

Milestones

Next · Monad Foundation inaugural conference 'Open' in Singapore

Seed funding round closesFeb 2023Complete.
Series A funding closes at $3B valuationApr 2024Complete.
Monad Foundation and Category Labs split announcedDec 2024Complete.
MON token public sale on Coinbase ($269M raised)Nov 2025Complete.
Monad mainnet launches24 Nov 2025Complete.
Monad Foundation inaugural conference 'Open' in SingaporeTarget 6 Oct 2026Not yet reached.

Most important updates

Monad TVL crosses $1B with 701.7M+ transactions; native apps remain sparse but ecosystem growing31 Aug 2026
Monad mainnet reaches $410M TVL in DeFi within first month; Uniswap, Curve and Morpho deployDec 2025
Monad token public sale raises $269M on Coinbase; mainnet launches November 24Nov 2025
Monad Labs raises $225M Series A at $3B valuation led by ParadigmApr 2024
Monad closes $19M seed round led by Dragonfly Capital for parallel EVM Layer-1Feb 2023

Upcoming

Q4 2026Major DeFi protocol launches on Monad mainnet (next)
6 Oct 2026Monad Foundation inaugural conference 'Open' in Singapore

Current obstacles

Building native applicationsTVL concentrated in multi-chain protocols. Native apps exploiting throughput sparse.
Network effect and liquidity fragmentationCompetes with Ethereum, Solana. Needs dApp and user migration.

Physics limits

Optimistic execution assumes low conflict ratesParallel execution gains come from speculative execution. If many transactions conflict (e.g., a flash loan attack), the system reverts to serial execution and throughput drops.
Scaling is bandwidth-limited10k TPS assumes block propagation and storage are not saturated. As TPS grows, hardware requirements for validators increase, potentially reducing decentralization.

How it works

3 parts

Parallel execution

Optimistic concurrency

Speculative parallel txn execution assumes no conflicts. Rolls back and serially re-executes conflicts.

EVM compatibility

Drop-in replacement

Fully compatible with Ethereum contracts and tools. Minimal dApp changes.

Speed

Fast blocks and finality

0.5s blocks, 1s finality matches trading systems. Enables high-frequency on-chain activity.

Spec sheet

Spec	Monad Mainnet
Transaction throughput target	10,000 TPS^R (reported)
Finality time	1 second^R (reported)
Block time	0.5 seconds^R (reported)
Validators	200+^R (reported)
TVL as of August 2026	$1.02B+^R (reported)
Transactions processed (as of Aug 2026)	701.7M+^R (reported)

^R reported by the company

Update log

5 updates

About Monad Foundation / Category Labs

The team behind Monad Mainnet

Monad Foundation / Category Labs

Monad L1, parallel EVM, 10k TPS, MON token

Monad is a Layer-1 blockchain delivering parallel execution of the Ethereum Virtual Machine at 10,000 transactions per second with 1-second finality. In December 2024, the project split into Monad Foundation (ecosystem and governance) and Category Labs (technical development).

Raised $248M: $19M seed (Feb 2023), $225M Series A at $3B (Apr 2024), $269M token ICO (Nov 2025).
Mainnet live Nov 24, 2025. MON token from 85.8k participants, 1.43x oversubscribed.
Aug 2026: $1B+ TVL, 701.7M txns, with Uniswap, Curve, Morpho.

monad.xyz (opens monad.xyz)Company profile →

Founded: 20224 yrs
Headquarters: United States
Status: Public
Valuation: public
Raised: $513M3 rounds
Last round: MON token public sale (ICO) · $269M24 Nov 2025
Works in: CryptoBlockchains (L1s)
Coverage: 1 program · 6 updateslatest 31 Aug 2026checked 10 Oct
Lead investors: CoinbaseParadigmDragonfly Capital
Customers: Uniswap (opens uniswap.org)Curve Finance (opens curve.fi)Morpho (opens morpho.org)
Partners: LayerZero (opens layerzero.network)Chainlink (opens chain.link)Pyth Network (opens pyth.network)
People: Keone Hon (opens blockworks.co)Co-founder & CEOEunice Giarta (opens monad.xyz)Co-founder & COOJames Hunsaker (opens usethebitcoin.com)Co-founder & CEO, Category Labs

Spec

Monad Mainnet

Transaction throughput target

10,000 TPS^R (reported)

Finality time

1 second^R (reported)

Block time

0.5 seconds^R (reported)

Validators

200+^R (reported)

TVL as of August 2026

$1.02B+^R (reported)

Transactions processed (as of Aug 2026)

701.7M+^R (reported)

Monad Mainnet

Milestones

Most important updates

Upcoming

Current obstacles

Physics limits

How it works

Optimistic concurrency

Drop-in replacement

Fast blocks and finality

Spec sheet

Update log

Mon 31 Aug

Dec 2025

Nov 2025

Apr 2024

Feb 2023

About Monad Foundation / Category Labs

Current obstacles

Physics limits

How it works

Optimistic concurrency

Drop-in replacement

Fast blocks and finality

Spec sheet

Update log

Mon 31 Aug

Dec 2025

Nov 2025

Apr 2024

Feb 2023

About Monad Foundation / Category Labs