⚡️ Paradigm-backed @Monad_xyz rolls out its testnet as part of a phased release

Ethereum-compatible Layer 1 Monad has begun launching its testnet as part of a phased release. Monad claims to have optimized the way Ethereum works to provide greater throughput. The network's token will be used to pay for transactions to be included within blocks, known as a carriage cost, and for transactions to be executed. Monad has previously raised $244M from @Paradigm, @ElectricCapital, @Placeholdervc, and others.

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