The Monad Basis has employed three senior executives from Optimism, FalconX and BVNK because it expands its deal with institutional adoption following its November mainnet launch.
Urvit Goel joins as vp of go-to-market from the Optimism Basis, Joanita Titan turns into head of institutional progress after main custody and staking at FalconX, and Sagar Sarbhai joins as head of establishments for Asia-Pacific, most not too long ago at BVNK.
The three executives beforehand held roles at JP Morgan, Deutsche Financial institution, Anchorage Digital, Fireblocks and Amazon, bringing backgrounds in conventional finance and institutional crypto infrastructure.
In accordance with an announcement shared with Cointelegraph, the brand new hires are anticipated to deal with capital markets technique, model constructing and institutional adoption throughout Asia-Pacific jurisdictions together with Hong Kong, Singapore, Japan and South Korea.
Monad launched its public mainnet in November together with a token sale on Coinbase. Since launch, the community has reached about $450 million in stablecoin market capitalization and greater than $200 million in whole worth locked throughout decentralized finance protocols, in keeping with the inspiration.
The community says it might course of as much as 10,000 transactions per second with sub-second finality whereas remaining suitable with the Ethereum Digital Machine. The muse mentioned the design targets use instances corresponding to high-frequency buying and selling and funds.
In 2024, Monad Labs, the event firm behind the community, raised $225 million in a funding spherical led by Paradigm. The Monad Basis now oversees ecosystem progress following mainnet launch.
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Latest layer-1 launches see steep token declines
Whereas 2021–2023 noticed a surge of layer-1 blockchain launches, together with Avalanche (AVAX), Close to (NEAR), Aptos (APT), Sui (SUI) and others, the tempo of recent mainnets has slowed over the previous yr. Even so, Monad isn’t the one layer-1 blockchain to enter the house not too long ago.
In late 2024, ZetaChain launched its mainnet with a deal with connecting a number of crypto networks with out bridges or wrapped belongings, and in February 2025, the Berachain Basis went stay with its EVM-compatible layer-1, distributing practically 80 million BERA tokens to eligible customers in an airdrop valued at about $632 million.
In February 2026, decentralized trade Aster introduced its layer-1 testnet had gone stay for public customers, with a mainnet launch focused for the primary quarter. The roadmap outlines plans for fiat on-ramps, open-source code releases and broader ecosystem growth all through 2026.
However not all buyers are satisfied the most recent wave of layer-1 blockchains will endure. In November, crypto investor Arthur Hayes mentioned most new L1 networks are prone to fail, predicting that solely a small group, together with Bitcoin (BTC), Ether (ETH), Solana (SOL) and Zcash (ZEC), will stay related over the long run.
Latest token efficiency underscores the challenges going through new chains.
In accordance with CoinMarketCap information, ZetaChain’s (ZETA) native token is down about 98% from its all-time excessive, whereas Berachain (BERA) has fallen about 95%. Monad’s token (MON) is buying and selling round 52% beneath its peak, on the time of writing.
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