dWallet Network enhances Monad with multi-chain DeFi support

Share this article

Blockchain service provider dWallet Network has announced its latest move to support Layer-1 blockchain Monad, enabling multi-chain transfers. The collaboration will allow Monad ecosystem developers to utilize dWallet’s non-collusive and decentralized building blocks to create natively multi-chain decentralized finance (DeFi) applications.

“This support from dWallet Network is a testament to our dedication to providing the best possible platform for EVM developers,” expressed Keone Hon, co-founder and CEO of Monad Labs. “Our unmatched speed and performance, combined with dWallet’s innovative multi-chain capabilities, not only solidify Monad’s position as the leading blockchain for DeFi development but also significantly enhance the tools available to our developers. We are setting a new standard for what developers can achieve in the DeFi space.”

Monad is a layer-1 blockchain aiming at being the fastest Ethereum Virtual Machine-compatible network, with the promise of handling up to 10,000 transactions per second (tps). For comparison, BNB Chain’s registered maximum output is 1,731 tps, according to data aggregator Chainspect.

By tapping dWallet Network infrastructure of dWallets, Monad DeFi ecosystem can connect to different blockchains and access more liquidity.

“By aligning with Monad, we’re bringing our natively multi-chain technology to the forefront of the fastest and most efficient EVM ecosystem,” stated Omer Sadika, co-founder of dWallet Network. “This integration is a major step forward in our mission to facilitate a seamlessly interconnected DeFi landscape, and we’re excited to see the revolutionary applications that will emerge from this.”

Share this article