EVM-compatible Monad and Backpack have reached a partnership. Can the 1+1>2 effect be revealed?

On July 17, Monad announced on the This cooperation heralds Monad’s further expansion in technology integration and ecological construction.

Monad Labs has completed a $19 million seed round of financing in February 2023, led by Dragonfly Capital, and completed a $225 million round of financing led by Paradigm in April 2024.

These capital injections not only accelerate Monad’s technical development, but also provide solid financial support for its upcoming testnet.

The partnership is eye-catching, can Monad and Backpack spark a spark of value?

The cooperation between Monad and Backpack on the first day of testnet launch marks an important combination of the two projects at the technical and market levels.

This cooperation first strengthens technical synergy. By integrating the Backpack wallet into Monad’s EVM-compatible blockchain, it not only expands Monad’s user base, but also provides Backpack users with a new high-performance platform for smart contracts and Application testing. This helps both platforms provide better services while collecting valuable user feedback to optimize network performance and user experience.

In terms of market impact, this cooperation has enhanced the brand visibility and market competitiveness of both parties. By referring users to each other, both have the opportunity to expand their user base and market share. In addition, incentives such as airdrops and trading discounts may further promote user activity and participation, accelerating the growth and expansion of the ecosystem.

As a high-profile L1 project, Monad can achieve super technical integration performance

In the blockchain industry, EVM (Ethereum Virtual Machine) has become a recognized standard virtual machine, supporting projects such as Curve and Uniswap and Maker and many other innovative projects. However, the limitations of EVM—such as its dependence on the Solidity language and the way transactions are processed sequentially—came to light, spurring the exploration of alternative virtual machine technologies. In this exploration, Monad stood out from the crowd of AltVM projects with its MonadDb capable of processing 10,000 transactions per second and its rich community culture. We often think of Layer 1 as a city, and compare its core operators to the government that provides services. Whether a project can attract developer investment and user participation depends largely on its cultural atmosphere and service efficiency.

MEV is an inherent feature in blockchain design. Monad explores the possibility of building a powerful MEVA infrastructure under a high-performance, delayed execution blockchain framework. Drawing on the experience of Ethereum and Solana, Monad considered close integration with the underlying mechanism of the blockchain, especially the consensus execution phase, when designing MEVA.

Parallel execution technology is the key to Monad's ability to achieve high throughput. This technology allows the system to process multiple transactions simultaneously, rather than the traditional sequential execution method. Although Monad's blocks maintain a linear orderliness similar to that of Ethereum, by adopting an optimistic parallel execution strategy, the processing speed can be greatly improved while ensuring the correctness of transactions.

In addition, Monad uses the parallel database MonadDb, which is another key factor that enables parallel execution technology to effectively improve blockchain performance. The traditional sequential database is like a single-lane toll station, while MonadDb allows for situations similar to multi-lane traffic at the same time, which greatly improves the efficiency of data processing.

Monad還引入了非同步執行和共識機制，將執行與共識過程分離，這允許整個系統更有效率地利用資源，進一步提升了效能。這種設計理念源自於傳統電腦科學中的標準實踐，但在區塊鏈技術中尚屬首次應用。

作為全面的Web3金融服務平台，Backpack將為Monad提供高品質服務

Backpack 是一款綜合性的數位資產管理平台，提供多鏈錢包服務和中心化交易所（CEX）功能，主要服務於全球多個司法管轄區。它不僅支援主流的區塊鏈網路如Solana和以太坊，還專注於提供高度安全的資產管理解決方案。 Backpack 錢包以其非託管的特性和對用戶資產安全的重視而受到用戶青睞，特別是在保護非同質化代幣（NFT）方面，其獨特的「收藏品鎖定」機制能自動拒絕異常交易請求，為用戶的珍貴收藏提供額外的安全保障。

Backpack不僅僅是一個儲存和交易加密貨幣的工具，它還積極扮演去中心化應用程式（DApp）的平台角色，特別是透過其xNFT功能，用戶可以存取和下載數百個去中心化應用程式。這使得Backpack在提供基本錢包服務外，也能夠增強使用者的互動體驗和應用程式可用性。

技術上，Backpack採用了多方計算（MPC）技術，這種技術在加密貨幣錢包中用於確保交易的安全性和資金的保密性。 Backpack的這項技術應用顯著提升了用戶在執行交易時的安全感，因為即使在多方環境下，用戶的私鑰資訊也不會完全暴露。

Backpack的市場旅程包含了極高的起伏。 2022年，它由Solana開發框架Anchor的開發商Coral推出，並成功完成了由FTX Ventures和Jump Crypto領投的2000萬美元融資。然而，隨著FTX事件的發生，Backpack也面臨了資金被凍結的困境。儘管如此，它還是成功推出了Solana生態中非常受歡迎的xNFT系列Mad Lads，成為市場的焦點。

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