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Monad Testnet: Overview and Opportunities

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by Giorgi Kostiuk

8 days ago


Monad Testnet is a new platform promising to change the game in the world of decentralized applications with its unique features.

What is Monad Testnet?

Monad Testnet is the public testing phase of the Monad blockchain, aimed at solving the blockchain trilemma by balancing scalability, security, and decentralization.

Key Features of Monad Testnet

Monad Testnet stands out for its performance and several key features:

- **Instant Transactions**: Monad claims to achieve up to 10,000 transactions per second (TPS). - **Near-Zero Fees**: Gas fees on the platform are virtually nonexistent. - **Ethereum Compatibility**: The platform offers 100% compatibility with the Ethereum Virtual Machine (EVM). - **Innovative State Management**: MonadDB minimizes hardware requirements.

How to Get Started with Monad Testnet

Participation in Monad Testnet is straightforward. Here are some steps:

1. **Set Up a Wallet**: Supported wallets include Phantom, OKX, Metamask, and Backpack. 2. **Grab Test Tokens**: You can claim MON test tokens from faucets. 3. **Trading on Uniswap**: Monad Testnet supports Uniswap for trading. 4. **Exploring NFTs and Games**: The platform also hosts NFT minting and gaming activities.

Monad Testnet marks an important step towards creating more efficient and accessible decentralized applications.

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