Dear @CryptoHayes , I respect what you have built for the industry. Perps are an amazing innovation that I believe will continue to grow rapidly. You've had a big effect on our industry. I have seen you commenting on Monad a lot for the past few days. While I'm sure some comments might have been taken out of context, I thought you might be interested in what is different about Monad and why it's not just another L1. I am sure that you had to deal with tons of FUD in your day innovating with BitMEX, and that you simply addressed the comments head on and kept powering through. I will take the liberty of doing the same. Here are a few things to know about why Monad is different: - It's really fast. You can withdraw from Coinbase and your funds show up in 1-2 seconds. It just feels magical - It's built on a completely new tech stack so that that level of speed is possible under a highly decentralized network. There are currently 170 globally-distributed validators, with more to come. You can check out the live network topology here: gmonads.com/ - This is important because while everyone is saying that blockchains have to be centralized, data center chains (or single sequencers) in order to be performant, Monad proves that the opposite is possible. Businesses, asset issuers, and global developers want decentralized and credibly neutral - they don't want to be at the whims of one sequencer - The Monad codebase is fully open source and audited, built completely from scratch in C++ and rust to introduce many HFT-style optimizations. Check it out here: github.com/category-labs/mon… - Monad introduces MonadBFT, a frontier consensus mechanism that solves the tail forking problem for pipelined consensus. That alone is a huge advancement since BFT consensus inherently requires multiple rounds of communication; pipelining (staggering) the blocks is the only way to get fast block times; and previously pipelining was vulnerable to 1-block reorgs (tail forks) that enable MEV attacks. But not anymore! - Monad introduces Async Execution, which adds further efficiencies by allowing consensus and execution to proceed in separate swim lanes. Ethereum is trying to adopt this. - Monad has a bunch of other tech innovations, like a full JIT compiler for EVM bytecode to native code, a new database (MonadDb), a new block propagation mechanism (RaptorCast), and parallel execution. You can read about it all here: docs.monad.xyz/introduction/… - The ecosystem is just starting, but there are a bunch of new apps, built by a group of young, hungry builders. You can check out some of them here: app.monad.xyz/ - The Monad Foundation and Category Labs teams are locked in and ready to keep growing the space. Research contributions in areas like async execution, gas pricing, and privacy will continue to push the space forward. This is day 6 of mainnet and our excellent teams will continue to do things differently. - Lastly, MON was the first token on Coinbase's token sales platform, with the purpose of giving as many people as possible access to the token ahead of public launch. The token sale took a "fill from the bottom" approach so that whales wouldn't be able to grab the entire sale, the way that many other launches go. If you'd like a few MON to try out the network, let me know and I'd be happy to send you some. Thanks again for your contributions to the space and I'll see you on chain.