2024

Bitcoin

Monad

April

<h4><strong>Monad achieved a breakthrough with 10,000 TPS on the EVM.</strong></h4> 
<p>This achievement showcases Monad’s technical prowess. It also reflects their commitment to improving blockchain scalability and efficiency.</p> 
<h5><strong>Monad’s Milestone: Scaling Blockchain Efficiency</strong></h5> 
<p>The EVM is a cornerstone of the Ethereum blockchain, enabling developers to create and deploy smart contracts and <a href="https://www.altcoinbuzz.io/?s=dapps" target="_blank" rel="noopener">DApps</a>. However, as the demand for these applications grows, so does the need for a more scalable solution. By hitting 10,000 real TPS, it establishes new standards for blockchain scalability. This hints at a future where blockchain can match the transaction volumes of major global payment networks.</p> 
<blockquote class="twitter-tweet" data-width="550" data-dnt="true"> 
 <p lang="en" dir="ltr">Monad Devnet is live.</p> 
 <p>10,000 real TPS achieved on the EVM. <a href="https://t.co/1bnfsi6bqU">pic.twitter.com/1bnfsi6bqU</a></p> 
 <p>— Monad (evm/acc) (@monad_xyz) <a href="https://twitter.com/monad_xyz/status/1768291081303568879?ref_src=twsrc%5Etfw">March 14, 2024</a></p>
</blockquote> 
<p><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></p> 
<p>Alongside its technical success, Monad Labs celebrates a major milestone with a $225 million fundraise. This fundraise, led by Paradigm, showcases the firm’s confidence in Monad’s vision and technology.</p> 
<h5><strong>More About Monad</strong></h5> 
<p>As Monad Devnet goes live and begins to demonstrate its capabilities, the blockchain community watches with keen interest. The success of Monad could usher in a new era of blockchain development, breaking scalability barriers. It unlocks the potential for decentralized applications at an unprecedented scale.</p> 
<blockquote class="twitter-tweet" data-width="550" data-dnt="true"> 
 <p lang="en" dir="ltr">Monad Labs is excited to announce a $225M fundraise, led by <a href="https://twitter.com/paradigm?ref_src=twsrc%5Etfw">@paradigm</a> <a href="https://t.co/cRchQd506k">pic.twitter.com/cRchQd506k</a></p> 
 <p>— Monad (evm/acc) (@monad_xyz) <a href="https://twitter.com/monad_xyz/status/1777687376136982767?ref_src=twsrc%5Etfw">April 9, 2024</a></p>
</blockquote> 
<p><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></p> 
<p>With a successful fundraiser under its belt and a live devnet showcasing remarkable technical achievements, Monad Labs is on a fast track to revolutionizing the <a href="https://www.altcoinbuzz.io/?s=crypto+market" target="_blank" rel="noopener">blockchain space</a>. The team’s passion, combined with significant financial backing and a groundbreaking achievement in transaction processing speed, sets the stage for Monad to lead the charge in overcoming the scalability challenges that have long hindered blockchain’s mainstream adoption.</p> 
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<p><strong>Disclaimer</strong><br> The information discussed by Altcoin Buzz is not financial advice. This is for educational, entertainment, and informational purposes only. Any information or strategies are thoughts and opinions relevant to the accepted levels of risk tolerance of the writer/reviewers and their risk tolerance may be different than yours. We are not responsible for any losses that you may incur as a result of any investments directly or indirectly related to the information provided. Bitcoin and other cryptocurrencies are high-risk investments so please do your due diligence. Copyright Altcoin Buzz Pte Ltd.</p> 
<p>The post <a href="https://www.altcoinbuzz.io/cryptocurrency-news/monad-hits-10k-tps-raises-225m/">Monad Hits 10K TPS &amp; Raises $225M</a> appeared first on <a href="https://www.altcoinbuzz.io">Altcoin Buzz</a>.</p>

Monad Hits 10K TPS & Raises $225M

Altcoin Buzz

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