• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

Establishing Monad Foundation: Supporting Ecosystem and Decentralized Governance

user avatar

by Giorgi Kostiuk

9 months ago


Monad Labs has announced the creation of an independent organization, the Monad Foundation, aimed at accelerating the growth and adoption of the Monad protocol.

Validator-Led Governance and Community Engagement

A key aspect of the Monad Foundation’s strategy is its emphasis on validator-led governance. In decentralized networks like Monad, validators play a crucial role in shaping the protocol’s future. The Foundation’s initiatives aim to enhance governance transparency and accessibility by encouraging community-driven improvement proposals.

Category Labs: The New Focus for Monad Labs

While the Monad Foundation focuses on governance and ecosystem development, Monad Labs is shifting to technology development under the new name Category Labs. The company will continue to focus on research and software development to advance the protocol, led by James Hunsaker as CEO.

Monad's Vision for the Future

Monad aims to optimize Ethereum’s core functionalities to deliver greater throughput and efficiency. Unlike other projects, Monad is developing its own EVM from scratch, using a pipelined architecture to enhance performance. Recent funding, including $225 million in Series A led by Paradigm, strengthens Monad's position as a blockchain leader.

The establishment of the Monad Foundation marks a significant step towards a sustainable and decentralized future for the Monad ecosystem, focusing on innovation and community engagement.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

Other news

Ethena Price Shows Signs of Recovery After October Crash

chest

Ethena's price has rebounded from a low of 0.25 to approximately 0.43, indicating a potential recovery in the market.

user avatarArif Mukhtar

Market Indicators Suggest Positive Outlook for Ethena

chest

Market indicators show promising signs for Ethena, with increased volume and bullish divergence on the daily chart.

user avatarMaria Gutierrez

Bitcoin Dominance Retests Key Level as Altcoins Recover

chest

Bitcoin's dominance is undergoing a significant retest, while altcoins are showing resilience and reclaiming market share.

user avatarAndrew Smith

Bitcoin Whales Take Profits After Massive Accumulation

chest

Bitcoin whales have offloaded 17,554 BTC after accumulating over 318,000 BTC since January, indicating potential short-term repositioning.

user avatarDavid Robinson

Cardano Price Faces Critical Resistance and Potential Rally

chest

Technical analysis suggests that Cardano (ADA) could surge to 1.88 if it successfully breaks through the 0.90 resistance level.

user avatarZainab Kamara

Whales Sell 350M ADA, Causing Significant Market Shift

chest

Whales holding between 100 million and 1 billion ADA tokens sold off around 350 million ADA in the past week, causing significant pressure on ADA's price, which has fallen below 0.70.

user avatarJacob Williams

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.