Do We Need Another L1? - Inside Monad’s Parallel EVM with Co-Founder Keone Hon
25 November 2025

Do We Need Another L1? - Inside Monad’s Parallel EVM with Co-Founder Keone Hon

Bankless

About
Monad just launched Mainnet!

That’s why Ryan sits down with Monad co-founder Keone Hon today.

We ask the blunt question: do we really need another general-purpose L1?

Why not just build this as an Ethereum L2 instead?

Keone explains how Monad’s parallel, pipelined EVM works under tight consumer-hardware constraints (32GB RAM, 2TB SSD, 100 Mbps), delivering ~500M gas/sec, 400ms blocks, and fast finality while preserving decentralization.

Enjoy the episode!




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TIMESTAMPS




0:00 Another L1?

1:36 Why L1 vs L2?

2:46 Decentralization

10:19 Run at Home vs Datacenter Chains

12:09 The Purpose of a Blockchain

14:06 The Purpose of Monad

16:00 Why EVM?

28:33 Solana for the EVM?

29:47 Monad vs Ethereum

34:23 Monad Scaling

36:40 Ethereum Roadmap

39:43 How Monad Benefits Ethereum

42:51 Keone’s Background

50:49 How Fast is Too Fast?

59:12 MEV

1:04:07 Monad Layer2s?

1:05:14 Monad Launch Decentralization

1:06:00 Launch Ecosystem

1:08:22 Monad Token

1:16:55 L1 Token Valuations

1:19:18 Monad vs MegaETH

1:23:59 Monad’s Success Case

1:25:57 Mainnet

1:27:11 Closing & Disclaimers




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RESOURCES




Keone Hon

https://x.com/keoneHD

Monad

https://x.com/monad 




Monad Website

https://www.monad.xyz/ 




Monad Links

https://linktr.ee/monad_xyz 




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