Can Monad Really Challenge Ethereum and Solana?

In many ways, Monad looks like it has a real shot, but its upcoming public launch on November 24, 2025, will be the first true test. The team is aiming for a pretty ambitious goal: deliver Solana-level speed (around 10,000 TPS through parallel execution) while staying fully compatible with Ethereum’s EVM. If they can actually pull that off in a stable mainnet environment, it puts them in a rare position fast enough for gaming and high-volume DeFi, but still easy for existing Ethereum developers to migrate to.

The hype isn’t coming out of nowhere either. Their public sale on Coinbase wrapped up oversubscribed at $0.025 per MON, and the token is set to list on major exchanges like Bitget soon after the TGE. The real question now is whether the network can maintain performance, decentralization, and reliability once real activity hits. If Monad proves it can scale under pressure without breaking, then yes Ethereum and Solana finally have a meaningful new competitor stepping onto the field.