KEY TAKEAWAYS
- SafePal integrates Monad mainnet, enhancing user capabilities to manage Monad’s native assets via its wallets.
- Monad mainnet offers high performance with 10,000 TPS, ensuring Ethereum compatibility for seamless developer transition.
- SafePal’s update allows users to explore Monad’s dapps, expanding its ecosystem reach.
SafePal has announced the integration of the Monad mainnet, a next-generation blockchain platform known for its high performance and Ethereum compatibility. This integration allows SafePal users to store, send, and receive Monad’s native assets through the SafePal software and hardware wallets. A browser extension wallet update is also planned for future release.
The Monad mainnet is designed to address scalability and efficiency challenges faced by existing blockchain technologies. It achieves a throughput of 10,000 transactions per second (TPS) through optimizations in areas such as MonadBFT, Raptorcast, Asynchronous Execution, Parallel Execution, JIT Compilation, and MonadDb. These innovations ensure compatibility with Ethereum’s Virtual Machine (EVM) bytecode and Remote Procedure Call (RPC) API, facilitating a smooth transition for developers and users from Ethereum to Monad.
With the latest SafePal wallet app update, users can now manage $MON and other native assets via the SafePal mobile app and hardware wallet. This integration also enables SafePal users to explore decentralized applications (dapps) within the Monad ecosystem. The guide for the browser extension will be updated once it is ready, as noted here.
SafePal, founded in 2018, offers a non-custodial crypto wallet suite that supports over 200 blockchains. The suite includes hardware, software, and browser extension wallet solutions, serving over 25 million users globally. SafePal’s ecosystem is powered by the SFP token, which provides various utilities such as discounts, staking boosts, and airdrop rewards.
Why This Matters: Impact, Industry Trends & Expert Insights
SafePal’s integration of the Monad mainnet marks a significant advancement in enhancing Ethereum compatibility, offering users improved scalability and efficiency. This development allows SafePal users to manage Monad’s native assets, thereby expanding their access to a high-performance blockchain ecosystem.
A recent report highlights the growing trend of Ethereum compatibility solutions, with Layer-2 scaling technologies like Arbitrum and Polygon leading the charge. This aligns with SafePal’s integration of the Monad mainnet, which is designed to address scalability and efficiency challenges, thereby enhancing compatibility with Ethereum’s ecosystem.
As per insights from industry analysts, Monad’s architecture, featuring asynchronous execution and MonadBFT consensus, sets a new standard for blockchain scalability and developer adoption. This supports SafePal’s strategic move to integrate Monad, providing users with a robust and scalable platform for managing digital assets.
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