Recently, everyone’s mindset has been messed up by airdrops – pizza, ionet, zksync, and so on. The continuous airdrops of various projects have left many people feeling uncertain. While the witch-hunting actions of many projects have made airdrop results as unpredictable as exam results, with some happy and some sad, the wealth effect may not be as exaggerated as in previous rounds of airdrops. However, stories of getting rich through airdrops continue to entice people.
If you are unsure which project to focus on, consider exploring the leading figure in the parallel EVM narrative – Monad. With a combination of hardcore technical background and massive funding, Monad has attracted the attention of numerous top institutions in the market. This article takes you on a quick tour of the various opportunities available in the current Monad ecosystem.
With its hardcore technical prowess and inherent meme appeal, Monad is a high-performance Layer 1 platform that emphasizes the parallel EVM concept. It aims to improve the execution efficiency of EVM on Layer 1 networks through parallel processing, thereby unlocking the potential of the EVM ecosystem. The official whitepaper claims that Monad can achieve processing capabilities of up to 10,000 TPS, comparable to Solana’s performance. It is also compatible with EVM, meaning Ethereum smart contracts can easily migrate to Monad for operation, envisioning a future fusion of Solana and ETH.
The primary market has already recognized the potential of Monad. In April, Monad Labs announced the completion of a $225 million financing round led by Paradigm, the largest cryptocurrency financing round so far this year, totaling $244 million by April 10th.
Not only does Monad have hardcore technology and strong funding background, but its official marketing style is also widely praised. The Monad community has a positive attitude towards meme culture, with officials often using various emojis on Twitter to interact and hosting weekly community meme-making activities. This relaxed and friendly marketing approach naturally garners a positive response from the community, with every tweet from Monad generating a lot of interaction from community members.
Community activities and project interactions offer various ways to participate in the Monad ecosystem. With its high-performance narrative, star-studded background funding, and savvy official approach, there is a feeling that something big is on the horizon. However, Monad is still in the internal testing phase and has not been widely opened to users.
Nevertheless, there are many “roundabout” ways to participate in future airdrops from Monad. Joining the community is a good way to secure Monad token rights. The community welcomes healthy conversations and encourages active participation in project development. Actively participating in discussions in the community can earn you a DC group identity. The Monad community hosts various activities every week, such as AMA on Twitter, community poker entertainment, and brainstorming sessions. The community also encourages users to introduce Monad to others in their own way, including creating meme images and writing introductory articles.
Despite not yet being live on the mainnet, some projects have already made their home on the Monad network. Interacting with deployed ecosystem projects is also an effective choice for the upcoming mainnet. Elixir, a decentralized liquidity protocol, is one such project integrated into the Monad ecosystem. Elixir aims to provide permanent liquidity for Monad by allowing users to provide liquidity to various currency pairs. Elixir is expected to release a token airdrop in 2024 Q3, and users can participate in interactions by minting $EXLETH and providing liquidity.
Swaap Finance, a decentralized exchange using the AMM model, allows users to trade without traditional order books and provides accurate market prices through dynamic asset allocation and trading fees in the liquidity pool, providing sustainable income for liquidity providers.
Interacting with collaborative projects, such as Wormhole, can also increase the chances of receiving airdrops from Monad. By participating in Wormhole’s ecosystem, especially with the recent introduction of $W token staking, users can potentially attract Monad airdrops.
In conclusion, Monad’s strong background and active community indicate that it is not a project that simply exists on paper. Once the official testnet goes live, it is bound to attract a lot of attention. For individual players, getting involved in the Monad ecosystem early on is a good way to alleviate airdrop anxiety and potentially profit from high-risk returns. This article does not constitute investment advice, as project interactions involve risks, and it is recommended to use a new wallet address for project interactions.
