Monad is a high-performance Layer 1 blockchain designed to enhance Ethereum Virtual Machine (EVM) compatibility through parallel execution, achieving up to 10,000 transactions per second (TPS) with 0.5-second block times and near-zero gas fees. The platform has recently launched its testnet, inviting developers to build and experiment with its capabilities. To engage the community, Monad has initiated programs like the Monad Madness pitch competition, offering $1 million in prizes and potential VC funding, and the Mach Accelerator, providing mentorship and resources for startups. Additionally, Monad celebrated reaching over 1 million followers on X (formerly Twitter) by offering commemorative soul-bound NFTs to early followers