Data Analysis: How Has Monad Performed on the Testnet Since Its Launch?
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Data Analysis: How Has Monad Performed on the Testnet Since Its Launch?
Since the testnet launch, Monad has deployed nearly 110,300 smart contracts.
Navigating Web3 tides with focused insightsAuthor: Hess
Translation: TechFlow
Monad's testnet officially launched on February 19!
To date, the network has successfully processed nearly 2.7 million transactions across 242,300 unique addresses, with a transaction success rate as high as 98% and a block time of just 0.5 seconds.
In the first few hours after launch, Monad ran smoothly and reached a peak performance of 3,000 transactions per second (TPS).
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According to official Monad data, they distributed testnet tokens to approximately 8.8 million active Ethereum addresses to attract more users to participate in testing and validate network performance.
Within less than 24 hours, 3% of these addresses completed their first transaction on the Monad network.
This ratio is growing rapidly and is expected to reach 10% in a short period.
The large-scale distribution of testnet tokens has directly driven a significant increase in TPS.
Within just two hours of launch, Monad’s sustained transactions per second (STPS) averaged a peak of 3,000.
Currently, Monad’s average STPS is 26, which better reflects the network’s performance during regular operations.
Monad’s success rate places it among the top performers in the blockchain space.
Testnet data shows that Monad achieves a transaction success rate of up to 98%, an impressive result.
Block time has been one of the key optimization areas for Monad prior to launch.
Test data indicates that Monad’s average block time is only 0.5 seconds, making it one of the fastest blockchains currently available—ideal for high-frequency trading and real-time applications.
Since the testnet launch, nearly 110,300 smart contracts have been deployed on Monad.
An average of 5,000–6,000 new contracts are added per hour, with 500 currently active contracts, reflecting strong network activity.
Notably, about 77% of addresses completing their first transaction on Monad did not receive airdrops from other major blockchains or platforms.
Air drop recipients from Arbitrum, Eigen, and Layer3 accounted for the largest share.
Based on first-transaction analysis of EVM-chain addresses, 67% of addresses have been active for over a year, while 8% have been active for less than one month.
On which blockchains are Monad participants most active?
Data shows that in the past six months, Base, Polygon, and Arbitrum have emerged as the three most active blockchains among Monad participants. These chains have attracted significant user attention and adoption due to their high performance, low transaction costs, and rapidly evolving ecosystems.
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