Original | Odaily Planet Daily ( @OdailyChina )
Author | Asher ( @Asher_0210 )
Around midnight today, Monad officials posted on the X platform that today is the last day to become an early user of the Monad testnet. For those who have not yet participated in Monad interaction, please seize the time to interact and seize the last opportunity to become an early user of the testnet. Perhaps the identity of an early user will have a bonus in future token airdrops.
Link: Official Twitter
Next, Odaily Planet Daily will take you to understand the basic profile of Monad, multiple channels for receiving test coins during interaction, DeFi projects, NFT projects, Meme projects worth interacting with, etc.
Project Introduction
Monad was developed by the Pyth and Solana teams over a period of more than two years and is a high-performance L1 public chain compatible with Ethereum. According to the official documentation, Monad defines itself as a high-performance L1 compatible with EVM using the PoS mechanism, aiming to create a new paradigm of public chain possibilities through pipeline execution of Ethereum transactions. Its key innovations include MonadDB (a database designed specifically for Ethereum state access) and Optimistic parallel execution (ensuring high TPS with minimal overhead). Monad separates the consensus layer and the execution layer, further improving scalability and enabling developers to build applications that require excellent performance and low latency.
On the evening of April 9, 2024, Monad Labs announced that it had completed a $225 million financing at a valuation of $3 billion, led by Paradigm, with participation from Electric Capital and Greenoaks. As the most watched project in the Layer 1 track, Monad, which focuses on the concept of Parallel EVM, hopes to introduce a parallel processing execution layer expansion solution to greatly improve network execution efficiency while being 100% compatible with all EVM byte symbols.
Monad Funding
Interactive Tutorial
Get test coins
Channel 1: Official collection (link: https://testnet.monad.xyz/ ). Enter the wallet address and complete human-machine authentication, then click Get Testnet MON to collect. The collection frequency is once every 12 hours.
Channel 2: Cross-chain from Sepolia testnet to Monad (link: https://testnet.orbiter.finance/en?src_chain=11155111tgt_chain=10143src_token=ETH ). This method requires ETH assets in Sepolia testnet, select Sepolia and Monad Sepolia, and click “Bridege”.
Channel 3: Pay to purchase mainnet assets (link: https://www.memebridge.xyz/gas ), select ARB chain (OP chain), select Monad as the target chain, and click Transfer.
Although there are various ways to get test coins in various communities, the above three are sufficient for daily interaction with orders. After receiving the test coins, we will review the projects worth interacting with.
DeFi projects worth participating in
The principle of participating in DeFi projects is participate in whichever one can interact. Here are several DeFi projects worth interacting with, you can choose according to your preferences.
1. aPriori (link: https://www.apr.io/ ) , click Stake Now, enter a small amount of test coins, and click Stake. In addition, you can click Withdrawals to withdraw some of the staked tokens and increase the interactive data.
2. Magma (link: https://www.magmastaking.xyz/ ), click “Stake” and enter the number of test coins and then click “Stake” below.
3. Kintsu (link: https://kintsu.xyz/staking ), enter the number of test coins and click “Stake” below.
NFT projects worth participating in
The principle of participating in NFT projects is free minting. Below are two NFT projects with high community discussion and free minting.
1. Overnads: Open Edition (link: https://magiceden.io/launchpad/monad-testnet/overnads ). This project is a Freemint project, and a single address can mint up to 10.
2. Emmy on Monad (link: https://magiceden.io/launchpad/monad-testnet/emmy_on_monad ), this project is a Freemint project, and a single address can mint at most 1.
Meme projects worth participating in
Go to the official Monad website, scroll down, complete the Make Your First Trade task, and you can buy 3 Meme coins.
