Guide to Participating in Monad Testnet

Table of Contents

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.

Join Group Airdrop

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:

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!

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