25 Nov 2025

Do We Need Another L1? - Inside Monad’s Parallel EVM with Co-Founder Keone Hon

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Bankless

In this interview, Keone Hon discusses Monad, a new layer one blockchain, with host Ryan Sean Adams. Keone addresses the need for another general-purpose chain, emphasizing Monad's focus on optimizing the EVM and achieving high decentralization. He explains why Monad is built as a Layer 1 rather than a Layer 2, highlighting the importance of consensus layer innovation. Keone defines decentralization from both technical and social perspectives, detailing Monad's consumer-grade hardware requirements. He also shares the purpose of Monad, its performance metrics, and its approach to MEV mitigation. He compares Monad to other chains like Solana and Ethereum, and touches on the token sale and its utility within the network.

Outlines

Part 1: Introduction to Monad

Part 2: Monad's Technical Design

Part 3: Benefits, Lessons, and Critique

Part 4: Tokenomics and Future Outlook

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