Introduction to Monad Testnet
Monad is a Layer 1 blockchain that utilizes the Proof of Stake consensus mechanism and offers high compatibility with the Ethereum Virtual Machine. Notably, Monad implements Parallel Execution technology, allowing the network to process up to 10,000 transactions per second.
The Monad project was founded in April 2022 by Keone Hon, former Head of Research at Jump Trading and an MIT graduate. Accompanying him is James Hunsaker, Monad’s CTO, a senior software engineer at Jump Trading and a core contributor to Pyth Network.
Monad has successfully raised a total of $244 million through multiple funding rounds from leading investment funds:
- February 14, 2023: Raised $19 million from Dragonfly Capital, Placeholder
- April 9, 2024: Raised $225 million from Paradigm, Electric Capital, and Greenoaks Capital
- May 22, 2024: Announced investment from OKX Ventures, though the specific amount was not disclosed
On February 19, 2025, Monad officially launched its testnet version. This phase aims to evaluate the blockchain’s performance and stability before the mainnet release. Additionally, it offers the community an opportunity to explore Monad’s ecosystem and potentially receive rewards in the future.
Guide to Participating in Monad Testnet
For a smoother experience, use the OKX Web3 Wallet when interacting with Monad testnet.
Step 1: Claim MON Tokens (Faucet)
You can obtain testnet MON tokens from the following sources:
- https://testnet.monad.xyz
- https://stake.apr.io/faucet
- https://faucet.morkie.xyz/monad
- https://www.okx.com/en-sg/web3/faucet/monad?id=66
- https://owlto.finance/Faucet/Monad
- https://www.gas.zip/faucet/monad
Step 2: Explore Monad’s Ecosystem
Monad has a diverse ecosystem with hundreds of decentralized applications (dApps). You should interact with the key applications recommended by Monad, including:
- Kuru: Create a wallet and trade memecoins → https://kuru.io/markets
- Multipli: Stake USDT on Monad testnet → https://multipli.xyz
- Monorail: Swap token pairs → https://monorail.xyz
- Demask Finance: Trade and mint NFTs → https://demask.xyz
- Nad.fun: Create any memecoin → https://testnet.nad.fun
- Magma: Stake MON tokens → https://magma.xyz
- Magic Eden: Buy and sell Monad NFTs → https://magiceden.io
- Nad Name Service: Register a .nad domain → https://nad.fun
You can explore more dApps at https://monad.xyz/ecosystem
Step 3: Earn Discord Roles & Stake W Tokens
In addition to interacting with dApps, you can also:
- Join Monad’s Discord to earn roles, which might be rewarded in a future airdrop based on your contributions.
- Stake W tokens at https://www.tally.xyz/gov/wormhole/delegate/select to increase your chances of receiving a Monad airdrop.
Conclusion
Monad is a promising blockchain with Parallel Execution technology, processing speeds of 10,000 transactions per second, and strong backing from major investment funds. With the testnet now live, this is a great opportunity for you to:
Interact with Monad’s decentralized applications, Earn Discord roles, Stake W tokens Increase your chances of receiving a potential airdrop when the mainnet launches
🔹 Join now and don’t miss out on this exciting Monad airdrop opportunity!
