Monad, an innovative Layer 1 blockchain focused on high-speed transaction processing and smart contract optimization, is now officially listed on LayerHub! With this integration, users gain access to detailed analytics on the Monad Testnet, enhancing transparency and usability.
Monad has officially launched its testnet, marking a major milestone in the development of its high-performance Layer 1 blockchain. This testnet allows developers and users to explore and experiment with Monad’s capabilities, including its optimized execution environment, Ethereum compatibility, and high-speed transaction processing. The launch sets the stage for the upcoming mainnet release and broader ecosystem adoption.
Available Metrics on LayerHub
Thanks to LayerHub’s integration, users can seamlessly monitor crucial Monad metrics, analyze trends, and evaluate their engagement levels in various ecosystem activities. The following metrics are now accessible:
- Daily Transaction Count.
- Wallets by Number of Transactions.
- Wallets by Number of Interacted Contracts.
- Daily Active Wallets.
- Wallets by Active Days.
- New Wallets on Monad.
- Wallets by $MON Balance.
These insights allow Monad ecosystem participants to better understand network dynamics and their level of engagement.
Wallet Checker
Wallet Checker tool allows users to analyze their wallet interactions within the project. With this tool, participants can check their ranking, transaction history, engagement levels, and overall contribution to the ecosystem.
Wallet ranking – position among all participants.
Transaction count and contract interactions.
Active days within the network.
Total balance in Monad tokens.
How to Reach the Top 10% of Users
LayerHub analytics help identify the key factors for ranking in the top 10% of Monad users. Based on current trends, achieving this status requires:
Total number of transactions and wallets by number of transactions
The total number of transactions to date is 50M, which is quite a lot in such a short period of time.
More than 72% of wallets have made less than 5 transactions, so to get into the top 10% you need to make at least 10 transactions.
Wallets by Number of Interacted Contracts and Daily Active Wallets
The daily wallet count peaked at 465,659, but is now down to 181,779, which is quite low.
Over 60% have interacted with less than 5 contracts, so to be in the top 10% you need to interact with 10 contracts.
The increase of wallets is rapid and large, which is expected for such a project, and amounted to 769,166 wallets.
More than 73% of wallets (562,493) were active for less than one day, so to get into the top 10% you need to be active for at least 2 days.
Conclusion
To be among the top 10% of Monad Testnet participants, you should:
Complete at least 10 transactions.
Interact with at least 10 different smart contracts.
Hold a balance of at least 2 $MON.
Stay active for at least 2 days.
The listing of Monad on LayerHub enhances network transparency and usability for both users and investors. Now, everyone can track key metrics, analyze their activity, and optimize their participation in the ecosystem. Stay updated with the latest analytics and insights on Monad through LayerHub!
