Glossary
What is EVM?
The EVM (Ethereum Virtual Machine) is the runtime that executes smart contracts; EVM-compatible chains like Monad run the same bytecode and tooling as Ethereum.
The EVM defines how contract code runs and how state changes. Any chain that implements it can run Ethereum contracts unmodified and reuse Ethereum wallets, libraries, and standards such as ERC-20.
Monad is EVM-compatible, so tokens and pools behave identically to Ethereum while benefiting from Monad's performance.
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Related terms
- MonadMonad is a high-performance, EVM-compatible layer-1 blockchain designed for high throughput and low fees while running standard Ethereum tooling and contracts.
- Smart contractA smart contract is code deployed on a blockchain that runs exactly as written when called, with no operator able to alter or stop it.
- ERC-20ERC-20 is the standard interface for fungible tokens on Ethereum and EVM chains like Monad, defining the functions (transfer, approve, balanceOf) every wallet and exchange expects a token to have.