Bringing equities on chain is legitimately very exciting, because it means knocking down walls and giving global investors access to better opportunities. But it only works if people can get a fair price for the thing they're trading. Monad is addressing this in two ways: 1. no front-running, due to encrypted mempools 2. no order spoofing in aggregators, due to fully on-chain order routing; made possible on Monad by compute and storage efficiency We won't disrupt the existing system by papering over systems that leave an opening for MEV extractors and malicious quoters. A new and open financial system will only thrive when built on firm footing. Fair outcomes for users. Watch this space.

Here is the first big step toward Monad's post-quantum roadmap: a mechanism for allowing signature scheme upgrades without changing the public address. Users will be able to switch to a quantum-resistant scheme without disrupting address books, DeFi positions, etc. We think this is the right approach for "replacing the jet engine while the plane is flying" and we're excited to share this today.

Crypto is finance that is legible to AI If you've spent any time with AI crawling data, you'll know what I mean. Clean interfaces, verified logic, keys you can drop in an .env to get the ability to spend/receive funds. It'll become clearer in the near future

Our latest paper, EVM Workloads in the Wild, has been accepted at AFT '26 in London. Gas metering assumes that execution conditions are stable. We measure the extent to which that assumption fails, on Ethereum and Base. More details below 👇

The Last General-Purpose L1 The title hits home for me. Monad has been 4.5 years in the making, and it still feels like we’re just getting started. But when we set out in 2022 to build the right system from first principles, conditions and industry beliefs were very different. There is significant path-dependence, and I do feel we were lucky to acquire the resources and talent, and have the breathing room to truly innovate, to build the Monad of today. Monad is a general-purpose L1. I believe that no other L1 comes close to the level of reliability, performance, fairness, and decentralization. And I believe that there are significant advantages to concentrating all the network effects of DeFi, payments use cases, fintech integrations, asset availability, consumer experiences, and capital formation on a single shared global state, built on a decentralized and neutral network. It’s a bold bet, for all the marbles, and it’s one that almost no one is taking today. Almost every L1 or L2 that you see has pivoted into building a single first-party app. And the few new chains are corporate chains, running commodity tech and run by employees of a company with shareholders to answer to. Corporate chains get a boost from their existing distribution (or perhaps from crypto-natives anticipating that they will utilize their existing distribution). But what is built is inherently limited. The existence of an anchor tenant dissuades competitors of the anchor from integrating. Neutral is the right tack for a network that dreams of delivering universal access to finance. But neutrality is tough sledding these days. It requires years of prerequisite work, truly unique tech, a community of believers, and adequate resources to go the distance. Monad stands alone. It is a grand experiment, in which to succeed the ecosystem must outperform everything that came before. Better execution, better asset availability, better opportunities, fairer outcomes. I relish the challenges ahead.

Story time: Blink Jacob had the simplest product in Nitro. Almost so simple, i thought i could vibe code this in a weekend What was difficult was driving traction. I joined a few BD calls and realised this is going to be very hard to sell Everyone told them no one uses passkeys at this time. They should think of other ways, maybe even copy funxyz Jacob said: Hey, I know this will be hard but we have a clear thesis and we will prove this is a better deposit method Now i see passkeys everywhere and i think of Blink They went so deep, it made me realise i always need to leave the app to make a deposit. That would be considered unacceptable in web2 UX Jacob personifies focus and conviction They took the hardest approach (Crsh: live streams) and proved that they could 2/3x the deposit rate compared to a run-of-the-mill deposit widget This is their contrarian bet. But the team has so much experience at LayerZero, Circle, etc that you want to back them. They left high-paying, prestigious jobs to go all-in on one clear thesis

Update on MIP-8 rollout As a reminder, MIP-8 introduces page-aware storage, reorganizing the Merkle trie to assign nearby slots to the same disk page. This is a huge efficiency gain since all db lookups are in units of pages. It is currently super inefficient that nearby slots hash to different disk pages, and MIP-8 solves this problem. Since the database structure is changing, nodes need to temporarily maintain both the old (slot-based) and new (page-based) databases in parallel, then at a later point need to phase out the old database. Software upgrades are planned to execute this transition in phases: - at the start of Phase A, both databases are maintained - at the start of Phase B, the page-based (new) database becomes the primary one (i.e. the node fails if the page-based database is not running), and MIP-8 takes effect - at the start of Phase C, the node stops maintaining the slot-based (old) database Phase A was implemented via v0.15.2. A supermajority of both testnet and mainnet nodes are on this now. Phase B is being implemented in v0.16.0 for testnet, gated by a specific timestamp. A supermajority of testnet nodes are on this now, with the timestamp set for 2026-08-12 at 14:30 UTC. After this point in time, MIP-8 will be in effect (lower gas costs for multiple state accesses touching the same page) on testnet. This post describes the migration:

Happy to appear on the Fault Tolerant Frenz podcast next week to present our new Cadence protocol! Let me know if you have any topics/questions you'd like to hear discussed (or ask them live during the session). Sign up here:

Crypto’s founding promise was open access to a fair and public financial system. Open networks have made gradual progress toward this goal. The first open network to get traction - Bitcoin - offered a medium of payments and a store of value, but halted at supporting stablecoins, DeFi, or RWAs. The second major open network, Ethereum expanded on that promise by enabling smart contracts, stablecoins, and RWAs, while facing limitations in scale, throughput, and trade execution fairness. The next big open network will be the one that solves trade execution fairness and scale, enabling global markets to actually move on chain.

was very impressed with the cohort @monad put together at the first nitro demo day yesterday. a tier 1 cohort from a tier 1 accelerator. here were my favorite teams: @BlinkCashX - one-tap stablecoin deposits, passkey-secured, so users never leave an app to fund it. fiat rails coming @blend_money - compliance rail between fintechs and crypto providers so fintechs only need one API @40acres_Finance - lending protocol: $55M TVL, $28M underwritten, $2M back to lenders over 2 years. Launching a permissionless credit primitive with Uniswap. @joinCero - crypto neobank that automatically enters a (regulated) lottery every time you spend. also a card that underwrites uncollateralized credit off spending behavior. @crshmarket - twitch meets kalshi. livestream prediction market with 1min settlements. thanks to @alexgedevani, @pareen, and the rest of the Monad team for putting on a great event. @nitrodotacc

I remember watching Back To the Future Part II sometime before the date of the plot’s setting, and being amused by the renditions of 2015 life. Some things seemed outlandishly silly, and others seemed hopelessly outdated. I doubt the intention was to make the depiction of 2015 comedic. But we are just pretty bad at extrapolating future tech and the life impacts that come of it. Our primers for future life are deeply anchored by the normalcies of today. It’s difficult to predict what changes will land, which stick, and which eventually shift the new normals by several standard deviations. When the mobile phone first rolled out in the 1990s, it was an accelerant for business growth. But it remained insulated to a limited business-centric market, inaccessible to the masses. Yet through small iterative changes and manufacturing optimizations with cheaper and more scalable parts, these now-ubiquitous devices are accessible to, and have changed the day-to-day lives of just about everyone. The iPhone continues to be a great example of that shift. I recall a lot of 🤯 reactions when the iPod Touch suddenly transformed into a phone! Ridiculed at first, it is now hard to argue against the utility that a seamless form factor and a dynamic interface bring. What we do on and with our phones today once seemed impossible. And with the rollout of newer folding phones with different screen resolutions and screen real estate, I’m certain we’ll see more usage shifts in ways that we can’t yet fathom. When credit cards first hit the market, they were met with extreme skepticism and largely negative connotations. With the exception of Diners Club, credit and its associated cards were seen with distrust. It took concerted effort to reverse its reputation before becoming widely adopted as a form of modern money for both consumers as well as merchants. Decades later, cashless is oft seen as the preferred mode of exchange. Doubtful anyone in 1950s expected an economy to run without cash, let alone through tap-to-pay interfaces on a cordless, full-color screened, button-less phone-that-is-really-a-mini-computer that fits in your back pocket! The ubiquity of cashless payments and tiny pocket-sized super computers may have been hard to picture at their respective beginnings, but their impact on the ways of today’s world is undeniable. That is my vision for Monad and what blockchain brings more broadly. I’m betting that we haven’t, and perhaps can’t, see the full picture yet. Monad in its current form is a strong foundational layer. It has the inherent performance, scale, and decentralized properties that are requisites to further innovation. What comes next are the iterative improvements. The seemingly small UX changes. The incremental augmentations to consensus. And better interfaces for tedious, confusing, or historically dangerous user flows. And the pace at which these changes are coming is impressive. A small sample here, with Mera having been launched TODAY! > Mera ( - an open-source library that gives a two-click passkey experience to onchain apps! This is huge UX unlock in today’s friction-heavy crypto onboarding flows. > Cadence ( - a multi-proposer BFT consensus mechanism with defense against malicious MEV coming to Monad soon > App-specific sequencing What’s better? The fact that Monad is open, accessible, and for everyone. It is excellent tech that is not just for the elite nor just for businesses. It is built to be open and built to be scalable for use cases we haven’t even dreamt of yet. I reject the notion that “there is nothing left to optimize”, as told to me by another blockchain’s founder. I’m proud of seeing the work that the team at @category_xyz is spearheading. I’m proud of the work that @monad foundation is focused on. I’m proud to say that the Monad we see today is not the Monad that will be a year from now, perhaps several standard deviations away.

Excited to share more open source work from @category_xyz! With mera, @mveehkim connected the dots with passkey PRF functionality that took years for adoption and a common crypto pain point. Mera generates crypto keypairs (wallets) from a passkey. When those passkeys are stored in a cross-platform manager like iCloud keychain, Google Password Manager, 1Password, wallet access also becomes cross-platform! Give the demo and docs a peek at