Looking for a promising Layer 1 blockchain with strong fundamentals and a fast-growing ecosystem? Monad is gaining momentum as a modular, EVM-compatible Layer 1 focused on cross-chain DeFi and NFTs.
Here’s everything confirmed about Monad’s technology, tokenomics, ecosystem — plus what’s known (and not yet announced) about potential airdrops.
What is Monad?
Monad is a modular Layer 1 blockchain designed for scalability and cross-chain interoperability, allowing developers to build customizable execution environments and connect with major chains
Ecosystem growth and developer adoption
- More than 100 projects are already building DeFi protocols, NFT marketplaces, and infrastructure on Monad
- During its public testnet phase, Monad processed millions of transactions, reflecting early traction from both developers and users
Confirmed funding round: $225 million led by Paradigm
- According to PANews, Monad Labs raised $225 million in an April 2024 fundraising round led by Paradigm, with participation from Electric Capital and Greenoaks
- This investment makes it one of the largest crypto venture rounds of 2024
Tokenomics
The native token, $MONAD, will be used for transaction fees, staking, governance, and potentially rewarding early adopters. Total supply is capped at 1 billion tokens, with a portion allocated for community and ecosystem incentives.
What about airdrops?
- As of July 2025, Monad has not published an official airdrop announcement.
- However, like many Layer 1 projects, Monad has stated that ecosystem incentives and community rewards are part of its long-term roadmap.
- Many early participants and testnet users speculate that contributions such as staking, liquidity provision, and on-chain activity could be recognized in future distributions — though this remains unconfirmed.
Why keep an eye on Monad?
- Technical Edge: Modular architecture + EVM compatibility + cross-chain support.
- Strong Funding: Backed by top VCs.
- Ecosystem Traction: Already hundreds of projects building.
- Potential Rewards: Early usage may put you in a good position if incentives or an airdrop are announced.
Ready to follow Monad’s journey?
Join Arkada quests to track Monad developments, explore farming opportunities, and be prepared when official rewards go live.