ChainCatcher news, according to The Block, sources revealed that the Ethereum-compatible Layer 1 blockchain Monad has begun a phased rollout of its testnet. Crypto trader Jordan Fish (also known as Cobie) wrote on the X platform: "I made a trade, it was very fast." Cobie later confirmed that his post was about the Monad testnet. Previously, Monad launched its development network in March, achieving 10,000 transactions per second in internal testing.