Monad, a high-speed Ethereum Virtual Machine (EVM) layer-1 blockchain, launched its testnet on February 19, 2025. The blockchain processes over 10,000 transactions per second through parallel execution while maintaining compatibility with Ethereum's ecosystem. Users can interact with Monad's testnet using EVM-compatible wallets such as MetaMask, Phantom, and Backpack. Testnet tokens, which have no economic value, can be acquired via the Monad faucet or through pre-distributed tokens sent to 8.8 million EVM addresses based on prior blockchain activity. Monad's testnet ecosystem includes gaming platforms, NFT projects, and consumer-focused apps like prediction markets and social applications. Over 200,000 users have registered for the Monad Testnet Fantasy Top tournament, competing for 5,000 NFT whitelist spots. The project has raised over $225 million and established the Monad Foundation to support its development and adoption. While there is speculation about a token airdrop, no official confirmation has been provided.