{"id":91614,"date":"2025-12-01T16:17:06","date_gmt":"2025-12-01T13:17:06","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=91614"},"modified":"2025-12-01T16:20:22","modified_gmt":"2025-12-01T13:20:22","slug":"monads-founder-outlines-blockchains-technical-edge-to-arthur-hayes","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/monads-founder-outlines-blockchains-technical-edge-to-arthur-hayes\/","title":{"rendered":"Monad&#8217;s Founder Outlines Blockchain&#8217;s Technical Edge to Arthur Hayes"},"content":{"rendered":"<p>Keone Hon, the founder of Monad Labs, addressed comments made by BitMEX co-founder Arthur Hayes regarding the new L1 blockchain. The developer elaborated on the project&#8217;s technical features and responded to the crypto expert&#8217;s skepticism.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">Dear <a href=\"https:\/\/twitter.com\/CryptoHayes?ref_src=twsrc%5Etfw\">@CryptoHayes<\/a> , I respect what you have built for the industry. Perps are an amazing innovation that I believe will continue to grow rapidly. You&#8217;ve had a big effect on our industry.<\/p>\n<p>I have seen you commenting on Monad a lot for the past few days. While I&#8217;m sure some\u2026 <a href=\"https:\/\/t.co\/TpoC7M7KYP\">https:\/\/t.co\/TpoC7M7KYP<\/a><\/p>\n<p>\u2014 Keone Hon (@keoneHD) <a href=\"https:\/\/twitter.com\/keoneHD\/status\/1994865326937313744?ref_src=twsrc%5Etfw\">November 29, 2025<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<h2 class=\"wp-block-heading\">Hayes&#8217;s Criticism<\/h2>\n<p>On November 29, during the Altcoin Daily podcast, Hayes described Monad as a &#8220;typical venture token with an inflated <a href=\"https:\/\/forklog.com\/en\/news\/fdv-explained-what-it-is-and-how-it-moves-crypto-prices\">FDV<\/a>.&#8221; The analyst predicted a 99% crash for MON. <\/p>\n<figure class=\"wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio\">\n<div class=\"wp-block-embed__wrapper\">\n<iframe loading=\"lazy\" title=\"The Fed Will Print Trillions - What That Means For Crypto\" width=\"500\" height=\"281\" src=\"https:\/\/www.youtube.com\/embed\/eXsUqbENIYI?start=2&#038;feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe>\n<\/div>\n<\/figure>\n<p>The BitMEX co-founder explained that projects with a large gap between FDV and circulating supply typically experience a short-lived speculative pump, followed by a crash when tokens are unlocked for founders and funds. <\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p><em>&#8220;This is another &#8216;bearish&#8217; blockchain. Initial hype does not guarantee the formation of a sustainable ecosystem,&#8221; Hayes stated. <\/em><\/p>\n<\/blockquote>\n<p>According to him, historical data indicates a low survival rate for new L1 solutions. In the long term, only a few remain relevant, including Bitcoin, Ethereum, <a href=\"https:\/\/forklog.com\/en\/news\/what-is-solana-sol\">Solana<\/a>, and <a href=\"https:\/\/forklog.com\/en\/news\/the-illusion-of-succession\">Zcash<\/a>, he noted. <\/p>\n<p>At the time of writing, MON is trading at $0.02, 52% below its peak of $0.04 reached on November 26. <\/p>\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"598\" src=\"https:\/\/forklog.com\/wp-content\/uploads\/img-ed6b8db62dba47a9-10987622068400886-1024x598.png\" alt=\"image\" class=\"wp-image-270886\" srcset=\"https:\/\/forklog.com\/wp-content\/uploads\/img-ed6b8db62dba47a9-10987622068400886-1024x598.png 1024w, https:\/\/forklog.com\/wp-content\/uploads\/img-ed6b8db62dba47a9-10987622068400886-300x175.png 300w, https:\/\/forklog.com\/wp-content\/uploads\/img-ed6b8db62dba47a9-10987622068400886-768x449.png 768w, https:\/\/forklog.com\/wp-content\/uploads\/img-ed6b8db62dba47a9-10987622068400886-1536x897.png 1536w, https:\/\/forklog.com\/wp-content\/uploads\/img-ed6b8db62dba47a9-10987622068400886.png 2048w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-element-caption\">Hourly chart of MON\/USDT on Bybit exchange. Source: <a href=\"https:\/\/ru.tradingview.com\/chart\/atJ4mYHE\/?symbol=BYBIT%3AMONUSDT\">TradingView<\/a>. <\/figcaption><\/figure>\n<h2 class=\"wp-block-heading\">Monad&#8217;s Response<\/h2>\n<p>Hon emphasized his respect for Hayes&#8217;s contribution to the industry but considered his recent comments to be taken out of context. According to the project leader, Monad is not just another first-level blockchain but a technologically new architecture.<\/p>\n<p>Hon cited speed as the network&#8217;s key advantage. Withdrawing funds from Coinbase and displaying them in a wallet takes only one to two seconds.<\/p>\n<p>The Monad founder highlighted several important aspects:<\/p>\n<ul class=\"wp-block-list\">\n<li><strong>Decentralization<\/strong>: The network is supported by 170 validators distributed worldwide, distinguishing the project from centralized chains dependent on a single sequencer;<\/li>\n<li><strong>New stack<\/strong>: The code is written from scratch in C++ and Rust \u2014 fully open and audited;<\/li>\n<li><strong>MonadBFT consensus<\/strong>: This mechanism addresses the &#8220;tail forking&#8221; issue. It allows for pipelining the block creation process without the risk of chain reorganization and <a href=\"https:\/\/forklog.com\/en\/news\/what-is-mev-in-ethereum\">MEV<\/a> attacks;<\/li>\n<li><strong>Asynchronous execution<\/strong>: Consensus and transaction execution are separated into different threads to enhance efficiency. A similar approach is currently being attempted by Ethereum.<\/li>\n<\/ul>\n<p>Hon also mentioned the launch of the MON token. The asset became the first on Coinbase&#8217;s token sale platform. The team used a &#8220;fill from the bottom&#8221; distribution model to prevent large players from buying up the entire issuance.<\/p>\n<p>In conclusion, the developer invited Hayes to personally test the network and expressed his willingness to send him MON tokens for transactions.<\/p>\n<p>Earlier in November, attackers <a href=\"https:\/\/forklog.com\/en\/news\/fake-transactions-flood-monad-network\">began<\/a> making fake ERC-20 token transfers on the Monad network.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Keone Hon, the founder of Monad Labs, addressed comments made by BitMEX co-founder Arthur Hayes regarding the new L1 blockchain.<\/p>\n","protected":false},"author":1,"featured_media":91615,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"The L1 network's founder revealed details of its architecture.","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1193,1712],"class_list":["post-91614","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-arthur-hayes","tag-monad"],"aioseo_notices":[],"amp_enabled":true,"views":"320","promo_type":"1","layout_type":"1","short_excerpt":"The L1 network's founder revealed details of its architecture.","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/91614","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=91614"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/91614\/revisions"}],"predecessor-version":[{"id":91616,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/91614\/revisions\/91616"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/91615"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=91614"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=91614"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=91614"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}