Solana News Update: Monad Surfaces as a Competitor to Solana with EVM Support and 10,000 TPS

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Solana News Update: Monad Surfaces as a Competitor to Solana with EVM Support and 10,000 TPS

Bitget-RWA2025/11/24 16:48

By:Bitget-RWA

- Monad's mainnet launched on Nov 24, 2025, offering 10,000 TPS and EVM compatibility to compete with Solana . - Ethereum developers can deploy apps without code changes, differentiating it from LLVM-based rivals. - Telegram Wallet and Wormhole Labs integrations boost accessibility, while $216M token sale signals investor confidence. - A $3.3B airdrop rewards early adopters, but tokenomics and regulatory risks remain challenges for long-term adoption.

Monad, regarded as one of the most eagerly awaited high-performance blockchains set for 2025, has officially gone live with its mainnet, signifying a major development for the Layer-1 (L1) landscape. Built to support Ethereum-like applications at scale while retaining robust developer tools, Monad’s mainnet is now operational, supporting genuine transactions, EVM-compatible deployments, and instant access to a variety of consumer and DeFi projects

according to reports

. This launch places Monad in direct competition with established high-speed blockchains such as

Solana

utilizing parallel processing to reach 10,000 transactions per second

and achieve finality in under a second.

With the mainnet going live on November 24, 2025, at 14:00 UTC, developers and users now have access to a production-ready platform.

Ethereum

developers can launch their contracts without modification, as

Monad maintains full EVM compatibility

at the bytecode level. This sets it apart from rivals like Solana, which operates on a different virtual machine (LLVM) and requires code adaptation by developers

according to analysis

. Monad’s design focuses on parallel transaction processing, enabling multiple operations to be handled at once,

eliminating the sequential slowdowns

that are typical in legacy blockchains.

The launch is accompanied by a broad ecosystem rollout, with applications in gaming, DeFi, and consumer sectors available from day one. Among the first to launch are Lumiterra, an MMORPG enhanced by AI, and LEVR.Bet, a DeFi platform centered on sports

according to reports

. These projects demonstrate Monad’s emphasis on scenarios that demand rapid confirmations, such as onchain prediction markets and high-frequency trading

according to analysis

Solana News Update: Monad Surfaces as a Competitor to Solana with EVM Support and 10,000 TPS image 0

The blockchain’s optimized state access and predictable execution are designed to minimize delays for real-time applications

according to reports

Strategic partnerships are fueling adoption. Wallet in Telegram, a custodial crypto wallet built into the messaging platform, has added Monad’s native token, MON, allowing users to trade and stake directly within Telegram

according to market data

. This partnership opens Monad to Telegram’s extensive user network, with incentives aimed at encouraging early engagement

according to reports

. At the same time, Wormhole Labs’ Sunrise platform

launched on November 23, 2025

, making it easier to transfer tokens to Solana by enabling cross-chain liquidity for MON. These integrations highlight Monad’s commitment to interoperability.

Market trends further emphasize Monad’s promise. The public token sale on Coinbase brought in $216 million,

surpassing its $187 million goal

. While Solana’s market cap remains higher at $73 billion,

Monad’s initial fully diluted valuation of $2.5 billion

reflects strong investor interest in its EVM-focused strategy.

Analysts note

that Solana’s recent ETF approvals and growing institutional interest may heighten competition, but Monad’s appeal to Ethereum developers could help it secure a unique position.

The mainnet launch also initiates a $3.3 billion airdrop for 230,500 participants,

rewarding those who contributed to the testnet and early supporters

. Additional incentives for validators and staking are expected to further strengthen the network’s security and decentralization

according to reports

. Nonetheless, challenges persist, such as concerns over tokenomics (with 50.6% of MON tokens locked until 2029) and regulatory issues related to onchain high-frequency trading

according to analysis

As the blockchain sector continues to develop, Monad’s success will depend on its ability to combine Ethereum compatibility with the high throughput seen in Solana. With initial applications and key partnerships already established, the mainnet launch stands as both a technological achievement and a test of Monad’s vision for scalable, developer-centric infrastructure

according to reports

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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