The report is not investment advice and does not contain buy or sell recommendations or price forecasts. Monad’s core positioning is “Layer 1, achieving high performance while maintaining EVM compatibility”. Maintaining existing EVM developer experience, Solidity contracts, EVM address schemes, and RPC compatibility are key value propositions in reducing application transition costs. From an economic design perspective, Monad combines a high-performance execution layer, PoS validator security, MON fee payment, and staking-based network security. 1. MON token on-chain state mapping: Existence.
Monad has advanced into a high performance EVM mainnet, but low chain revenue versus FDV and app revenue conversion remain maturity bottlenecks.
Investment View
The investment view should focus less on 10k TPS and more on whether stablecoin and bridged liquidity converts into recurring fees.