About
Monad is a high-performance, EVM-compatible Layer-1 blockchain built by Category Labs (formerly Monad Labs) that brings parallel execution and pipelining to deliver high throughput and low latency. Mainnet launched on November 24, 2025 alongside an airdrop of the MON token. To strengthen its stablecoin and payments capabilities, the Monad Foundation acquired stablecoin infrastructure provider Portal and hired former Portal/Visa crypto leader Raj Parekh as Head of Payments and Stablecoins. The project raised $225M led by Paradigm with Coinbase Ventures and Dragonfly.
Stablecoins
Key products
Chains
Related companies
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Blast
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BNB Chain
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