Glossary
What is Monad?
Monad is a high-performance, EVM-compatible layer-1 blockchain designed for high throughput and low fees while running standard Ethereum tooling and contracts.
Monad keeps full EVM compatibility — the same Solidity contracts, wallets, and developer tools work unchanged — while re-engineering execution for parallelism and fast finality.
For builders that means Ethereum-grade tooling at lower cost, which is why no-code tools like Monmint can deploy tokens, pools, and swaps on Monad cheaply.
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Related terms
- MONMON is the native coin of the Monad blockchain, used to pay gas fees and as the base asset most tokens are paired against in liquidity pools.
- EVMThe EVM (Ethereum Virtual Machine) is the runtime that executes smart contracts; EVM-compatible chains like Monad run the same bytecode and tooling as Ethereum.
- 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.