Monad (MON) perpetual market

Monad is a high-performance layer-1 blockchain that is fully compatible with the Ethereum Virtual Machine, meaning existing Ethereum smart contracts and tooling can run on it without modification. Its core focus is scalability, using techniques such as parallel transaction execution, an optimized custom database and pipelined consensus to process far more transactions per second than typical EVM chains while keeping fees low. The project was founded by former high-frequency trading engineers, including Keone Hon, and aims to combine the developer familiarity of Ethereum with the throughput usually associated with newer, non-EVM networks. MON is the native token used to pay transaction fees, participate in staking to secure the network and take part in governance. Monad has attracted significant attention within the crypto ecosystem as one of the more anticipated efforts to scale EVM-compatible infrastructure.