Crypto enthusiasts! AI infused.
I read, analyze, retweet lots on seemingly technically promising ones.๐
Becoming a Vibe Coder(So fun!) ํ์ฌ IT Consultant.๐
have been thinking a lot about what the longterm monad thesis is, from a privileged point of view, and this is where i'm at:
1. monad is a technological leap for the EVM. what this equates to is that it is a very easy choice for builders to make as their chain of choice, as they immediately receive the benefits of performance (400ms blocktimes, soon to be 300ms), sub-second finality, real decentralization + 100% EVM-compatibility. while this is boring and may sound like it doesn't matter, in reality the chain is designed for network effects. builders can actually deploy perps dexs that just work perfectly.
2. monad as a general-purpose layer-1 blockchain is an opinionated approach that i view as the correct one longterm. every small builder and large institution alike can know will full confidence that there are no competing interests at hand. this is very appealing and actually becomes important in conversations with large players
3. the category labs team is one of, if not the most competent team in all of crypto from a pure tech standpoint. monad will always be on the cutting edge of innovation, and there are many public MIPs that give an idea of where things are headed. this is the main reason why monad is actually in the arena right now, and a massive edge that will only grow
4. there are many new verticals that are beginning to grow very quickly that have not been won yet (Tokenized Equities, FX, ETFs, Options, Collectibles, Uncollateralized Lending, Institutional Adoption, etc.) that Monad is positioned to greatly benefit from. crypto is going to grow in so many ways, creating massive opportunity for those who are best positioned
5. as crypto endures its current winter/bear market, monad is slowly gaining market share in many ways, with current stats today being: ($450M stablecoin marketcap, $370M TVL, $209M RWAs, $38M dex volume, $25M perps volume). TPS is also now hitting all-time highs as usage trends upwards
6. the ecosystem is growing. i can confidently say that today, monad has a higher concentration of high quality builders/apps than it ever has before. this has been growing steadily for the past 7 months since launch, and is largely due to the first 5 points listed above.
at the moment, the main thing missing is the flashy killer app, which is the hardest problem to solve in this industry, but real steady growth is being made at a time when there are very few other chains doing so.
monad is positioned very very well for the future and i strongly view explosive growth to be inevitable.