PANews reported on November 18 that according to The Block, sources revealed that Monad, a Layer 1 blockchain compatible with Ethereum, has begun to launch its testnet in stages. Crypto trader Jordan Fish (also known as Cobie) wrote on the X platform: "I made a transaction and it was very fast." Cobie later confirmed that his post was about the Monad testnet. Previously, Monad launched its development network in March and has reached 10,000 transactions per second in internal testing.