What is Monad (MON)?
Monad is a high-performance, Ethereum-compatible Layer-1 blockchain built to push EVM throughput to the next level. The network is engineered for around 10,000 transactions per second, ~0.4-second block times and ~0.8-second finality, while still supporting standard EVM bytecode and Ethereum tooling. Developers can deploy existing Ethereum dapps to Monad with minimal changes while benefiting from lower fees and higher capacity.
MON: the native token of the Monad network
The Japanese Yen (JPY) is the official currency of Japan and one of the most traded fiat currencies worldwide. Issued by the Bank of Japan (BOJ), the yen plays a crucial role in global finance, particularly in foreign exchange markets and international trade. As a safe-haven currency, JPY is often sought after during economic uncertainty. In the crypto world, JPY is used as a trading pair on some exchanges and has inspired stablecoins like JPY-backed digital assets.