Monad Testnet Reaches a New Milestone with Rapid Expansion

2 mins mins

Key Points:

Monad testnet reaches over 150 million addresses.
$225 million funding round led by Paradigm supports growth.
Focus remains on performance testing and scalability validation.

Monad, a high-performance EVM-compatible blockchain, reported that its testnet addresses surged to 150,254,985 on April 11, witnessing a daily increase of 5,595,505 addresses.

This milestone underscores significant community involvement and strong institutional backing, further emphasized by a $225 million funding round led by Paradigm.

Technical Advancements Propel Monad’s Growth Prospects

Led by Keone Hon, Monad achieved a notable milestone with over 150 million addresses on its testnet as of April 11. This event followed a period of rapid growth since March, underscoring the blockchain’s expanding community and technical capabilities.

Network enhancements like parallel execution and customized database architecture have positioned Monad for potential advantages in efficiency and speed. Despite its growth, the testnet remains in the evaluation phase, pending full market integration on the mainnet.

“I’m inspired to see more people joining the mission to accelerate EVM performance and bring the next generation of applications on-chain,” said Keone Hon, Co-founder of Monad.

Historical Context, Price Data, and Expert Analysis

Did you know? In the span of one month, Monad’s address count skyrocketed by over 142 million, reflecting growing interest in EVM-compatible networks and the potential testnet to mainnet transition excitement.

Ethereum (ETH) witnessed a price of $1,546.54 as of April 11, 2025, with its market cap reaching $186.64 billion. Despite a 4.60% drop in the past 24 hours, Ethereum maintains a dominance of 7.27% in the market, as reported by CoinMarketCap.

ethereum-daily-chart-63 — Ethereum(ETH), daily chart, screenshot on CoinMarketCap at 05:36 UTC on April 11, 2025. *Source: CoinMarketCap*

Coincu research suggests the increased adoption of EVM-compatible blockchains like Monad could influence broader crypto trends. Key areas to watch include potential regulatory insights and technology innovations within the blockchain ecosystem.