On February 19, the Monad project, a high-throughput, low-cost transaction, and fully Ethereum Virtual Machine (EVM) compatible mainnet, was officially launched. Monad's launch has not only attracted the attention of many developers, but also ignited the enthusiasm of ordinary users to participate in the testnet.
This article will provide you with detailed information about Monad's project background and financing situation, how to claim testnet tokens, and a specific guide to participating in the testnet interaction, helping you quickly get started with the new project and earn big profits.
High-Performance Mainnet Monad
Monad is a Layer-1 Blockchain focused on scalability and high performance, aiming to solve the pain points of existing mainnets (such as Ethereum) in terms of transaction speed and cost. Its core goal is to achieve a throughput of 10,000 transactions per second (TPS), while reducing Gas fees to an extremely low level, and maintaining seamless compatibility with the Ethereum ecosystem. Compared to the current mainstream mainnets, Monad's performance targets even exceed Solana (about 1,500 TPS), which makes it highly anticipated by the community.
Monad's technical innovations are mainly reflected in two aspects. The first is its unique MonadBFT consensus mechanism, which is an optimized Byzantine Fault Tolerance algorithm that can significantly improve transaction confirmation speed while ensuring decentralization. The second is the parallel execution architecture, which allows the computation tasks of transactions and smart contracts to be performed simultaneously, thereby greatly improving network efficiency. These features make Monad theoretically suitable not only for daily payment scenarios, but also for supporting complex decentralized applications.
The core team members behind Monad include Keone Hon (CEO), who previously worked at top fintech companies like Jump Trading, as well as other technical experts who have been deeply involved in distributed systems and cryptographic technologies for many years. With strong technical capabilities and a clear vision, Monad has performed impressively in the financing market. According to public information, Monad Labs completed a $225 million seed round led by Paradigm in early 2024, setting a new record for Layer-1 project financing at the time. Other participating institutions include Electric Capital, Coinbase Ventures, and Castle Island Ventures.
Claim Testnet Tokens and Participate in the Testnet
Wallets that currently support the Monad testnet include Phantom, OKX Web3 Wallet, Backpack, and others. After confirming the installation of a compatible wallet, you can choose to add the network to your wallet.
The network parameters are as follows:
- Network Name: Monad Testnet
- RPC URL: https://testnet-rpc.monad.xyz
- Chain ID: 10143
- Currency Symbol: MON
- Block Explorer URL: https://monad-testnet.socialscan.io/
The first step to participate in the Monad testnet is to obtain testnet tokens. The tokens in the testnet are not real assets, but are only used for simulating transactions and testing functions.
The official website provides the following ways to claim testnet tokens, and users can choose the appropriate method based on their needs.
Official Faucet
Monad has set up a faucet function on its testnet page. Users only need to connect a compatible wallet (such as MetaMask), enter the wallet address, and complete a simple captcha verification to receive a certain amount of testnet tokens. To prevent abuse, there are daily limits on the number and amount of claims, with a maximum of one request every 12 hours. (If you encounter problems when using the faucet, please check your existing EVM address - there may already be funds there.)
Community Tasks and Airdrops
The Monad team has launched multiple testnet tasks in collaboration with the community, and users can receive additional testnet tokens by completing specific operations. For example, following the official accounts on Discord or Twitter, participating in AMAs (question and answer sessions), or inviting friends to join the testnet, all have the opportunity to receive rewards. Currently, Monad has airdropped testnet tokens to over 8.8 million active Ethereum addresses (which means these addresses may have already passed the Sybil filter). Users can click the link to check the available testnet token balance: https://testnet.monadexplorer.com/
Third-Party Platform Support
Some blockchain testing tool platforms, such as Alchemy or QuickNode, may collaborate with Monad to provide testnet token claiming services. Users can apply through the developer pages of these platforms, and the process is similar to the official faucet, but occasionally there may be additional reward tokens, which is suitable for developers who need a large amount of testnet tokens. When claiming testnet tokens, it is recommended to use a wallet address specifically configured for the testnet to avoid mixing with mainnet assets.
Interaction Guide
After obtaining the testnet tokens, users can start interacting with the Monad testnet. The following are the main steps to participate in the testnet.
Basic Interaction: Transfers and Transactions
The simplest way to interact is to perform testnet token transfers. Users can send a small amount of MONAD to other addresses (such as a friend's testnet wallet) to experience the transaction speed and fees.
Deploy and Call Smart Contracts
For developers, Monad's EVM compatibility is a highlight. Users can write smart contracts using Solidity and deploy them to the testnet using tools like Remix or Hardhat. After deployment, you can call the contract functions (such as a simple counter or token transfer) to test Monad's parallel execution capability. The official provides detailed developer documentation (assumed to be located at monad.xyz/docs), and it is recommended to refer to the example code to get started quickly.
Participate in Ecosystem DApp Testing
The Monad testnet may have already launched some early-stage DApps, such as DEXes or NFT marketplaces. Users can find these applications through the block explorer or community recommendations, connect their wallets, and interact with them. These operations not only help familiarize with the ecosystem, but may also accumulate points for future mainnet airdrops. Ecosystem website: https://www.monad.xyz/ecosystem
Precautions
- Security: The testnet does not involve real assets, but you still need to be wary of phishing links and fake websites, and prioritize using official channels.
- Feedback: Monad encourages users to report bugs or suggestions found during testing, which can be submitted through the official website or Discord.
- Record: Save the interaction records (such as transaction hashes) for future activities.
Finally, if in addition to participating in the testnet interaction, you can help Monad write some tutorials, submit bugs or constructive suggestions, help with local promotion (such as operating Twitter), or introduce industry resources to the project team (arranging interviews, introducing well-known projects), there is also a certain probability of receiving official rewards.
