Monad Labs is an early-stage, venture-backed tech startup founded in 2022.
We have roots in Jump Trading, where our founders worked together for 7 years building low-latency HFT trading systems, and later contributing to R&D at Jump Crypto in 2021. This was the genesis of Monad — synthesizing learnings from HFT, as well as some new ideas, to build the most performant and robust smart-contract blockchain possible.
With Monad, we apply our expertise in low-latency programming, compiler optimization, systems engineering, cryptography, and graph theory to substantially advance the performance and scalability of decentralized computation.
MONAD is a new proof-of-stake (PoS) blockchain and decentralized computation platform that combines the best of performance and portability.
Monad offers throughput that is orders of magnitude higher than any existing smart contract blockchain, supporting 10,000 smart contract transactions per second (tps) through algorithmic improvements to virtual machine design and Byzantine Fault Tolerant (BFT) consensus mechanisms.
Monad delivers this performance while maintaining full compatibility with the Ethereum Virtual Machine (EVM) bytecode - the standard widely used for smart contract implementation - and consequently with existing Ethereum dApps and tooling.
We are addressing a challenging problem with urgent and clear market need. Demand for decentralized computation from new, increasingly complex apps as well as new crypto users is snowballing. But existing systems have extremely limited capacity.
Our long-term vision is to accelerate the revolutionary power of decentralized apps by offering a world-class decentralized computing platform.
We believe that decentralized computing is an essential innovation - both to facilitate censorship-resistant stores of value, and as a medium for supporting powerful, composable apps with open APIs.
While these apps are fairly simple right now, they are rapidly becoming more advanced and useful with growth facilitated by open APIs. New apps can call functions on existing apps to leverage existing functionality and build more complex and intuitive behaviors. We’ve seen the rapid growth of decentralized finance tools (exchanges, banking, payments/remittance), collectibles (on-chain art; event ticketing), and gaming. Our view is that this is only the tip of the iceberg for what is possible.
However, growth in the dApp space is fundamentally dependent on improvements in the underlying blockchains which are extremely slow by today’s computing standards.
Significantly higher throughput is needed for true mass adoption.
Monad's ultimate mission is to support the growth of the crypto ecosystem by delivering this much-needed performance.