“why should i build my onchain Binance on Monad instead of Sui / Aptos”
here's how i think "onchain Binance" on Monad would be the superior product.
> first, Sui and Aptos don't have full EVM compatibility since they're built on Move. the EVM is the most battle-tested execution environment in crypto, which is why the majority of DeFi is on it. so if you're building an onchain Binance on Monad vs Sui or Aptos, the one built on Move has far less real historical data to work with, so your app is more exposed to bug classes nobody has discovered yet. this just means there's more security risk on Move vs on the EVM since it's a less battle tested execution environment.
> second, Sui and Aptos require txns to declare upfront what state they'll touch in order to parallelize (kinda similar to Solana's model) while Monad lets txns run in parallel without any declaration and only resolves conflicts if they actually happen (very rare anyways). so let's say for example, 50 market makers need to requote simultaneously on an "onchain Binance", Sui and Aptos either serialize the flow or force the app to design around their parallelism model (kinda limiting for builders). on Monad, all 50 can go through in parallel, which is exactly why @perpltrade change order for example, works on Monad today, and cannot elsewhere (except I'm unaware, but surely doesn't work on Sui / Aptos tho).
> third, Sui and Aptos don't have anything like page-based storage at the protocol level (Monad does after MIP-8). its what makes the dense storage operations that orderbooks live on, about 100x cheaper (that shit was already cheap btw) on Monad. so market makers can afford to maintain way more quotes at way more price levels, which means there's tighter spreads and better fills for us. Monad's also been upgrading the. network at a maniac rate atp cos there's been i think atleast 9 MIPs so far. 9 upgrades in 6 months... and eavh of these upgrades ultimately improve UX downstream.
> fourth, the reason why Binance is sweet UX-wise is cos there's basically zero MEV. Sui and Aptos don't have local mempools like Monad, so every validator gossips your txns to each other, nor do they have tail fork resistance (MonadBFT my goat) so that validators can't reorg blocks, or lagged state visibility (thanks AsyncExec) so that a leading validator can't see the state of your txn. all of these are efforts to reduce onchain value leakage due to the nature of blockchains being open by default. an onchain Binance on Sui and Aptos would have far more susceptibility to MEV than on Monad. also note that local mempools is just what's live today and the goats @category_xyz are researching something really cool to bring encrypted mempools to Monad through BTX which i believe would be gamechanger for onchain finance since it means we're gonna be reducing MEV to near-zero basically. Monad is one of the few chains solving for MEV at scale, which is ESSENTIAL for true DeFi (the avg person won't be able to rationalize MEV, so it should be solved). one of the pain points of DeFi over the years has been lack of pre-trade privacy, and Monad is one of the few chains solving that shit today. shoutout Gilkalaye and co from Category Labs.
and many many more (I'm tired atp so stopping here)
Monad has a shit ton of architectural lifts that's usually under the radar cos it's not "flashy", but it's VERY substantial downstream, so yeah, an onchain Binance on Monad is gonna be far superior a product than Sui or Aptos just because the underlying canvas allows artists to flourish better on Monad.
on decentralization… idk how everyone on CT thinks decentralization is about validator count lmfao. it's simply a measure of how HARD it is for one entity to take control. validator count is part of what contributes to that hardness, but w nuance cos validator set size alone doesn't determine how decentralized you are in practice. you could have 100 validators and me with 50 still be more decentralized, cos what actually matters is the combination of validator count (density), geographic distribution (surface area), operator diversity, and stake concentration. Monad has 170+ validators across 26 countries and 51 cities and a nakamoto coefficient (closest objective measure of decentralization ik) of 22 today (source: https://t.co/joIOR3uhXR) while Sui and Aptos have 19 and 14 respectively. this is even more impressive considering Monad is just 6 months old btw (that coefficient would increase over time 😉)
TLDR - Monad is the most INTENTIONALLY designed smart contract platform in all of crypto today and as a builder, you should want to build on Monad cos it's a platform that enables your ideas to reach their peak (as a product), rather than stifle your creativity and prevent your ideas from peaking. so yeah, Build on Monad today!