Author: Hess

Compiled by: TechFlow

Monad's testnet officially launched on February 19!

As of now, the network has successfully processed nearly 2.7 million transactions, covering 242,300 unique addresses, with a success rate as high as 98% and a block generation time of only 0.5 seconds.

In the first few hours after launch, Monad ran smoothly and reached a peak performance of 3,000 transactions per second (TPS).

Let's dive deeper into this project!

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According to Monad's official data, they distributed testnet tokens to about 8.8 million active Ethereum addresses to attract more users to participate in the testing and verify the network's performance.

In less than 24 hours, 3% of these addresses have completed their first transaction on the Monad network.

This proportion is growing rapidly and is expected to reach 10% in a short period of time.

The large-scale distribution of testnet tokens has also directly driven a significant increase in TPS.

Within just two hours of launch, Monad's average transactions per second (STPS) reached a peak of 3,000.

Currently, Monad's average STPS is 26, which better reflects the network's performance in daily operations.

Monad's success rate has placed it among the top ranks in the blockchain field.

According to testnet data, Monad's transaction success rate is as high as 98%, an impressive performance.

Block time has been one of the areas Monad has focused on optimizing before launch.

Test data shows that Monad's average block time is only 0.5 seconds, a speed that makes it one of the fastest blockchains, very suitable for high-frequency transactions and real-time application scenarios.

Since the testnet launch, Monad has deployed nearly 110,300 smart contracts.

An average of 5,000-6,000 new contracts are added per hour, and the current number of active contracts is 500, showing the network's strong activity.

Notably, about 77% of the addresses that completed their first transaction on Monad did not receive airdrops from other popular blockchains or platforms.

Among them, the largest proportion of airdrop addresses came from Arbitrum, Eigen, and Layer3.

According to the first transaction data of EVM chain addresses, 67% of the addresses have been active for more than a year, while 8% of the addresses have been active for less than a month.

On which blockchains are Monad participants most active?

The data shows that in the past 6 months, Base, Polygon, and Arbitrum have become the three blockchains where Monad participants are most active. These three chains have attracted a large number of users due to their high performance, low transaction costs, and rapidly developing ecosystems.