# Monad > Speed without sacrifice. Welcome to Monad. Monad lets users build on an EVM-compatible Layer 1 with high throughput, sub‑second finality, and low hardware requirements. Monad helps developers run EVM smart contracts on a high‑performance Layer 1. It uses parallel execution, asynchronous consensus, and a custom state database to speed up transactions and reduce costs while keeping Ethereum bytecode compatibility. Users can deploy existing Solidity code and use familiar tooling. - Type: Network - Sector: Blockchain Platforms - Status: Active - Founded: 2020-12-01 - Profile: https://thegrid.id/profiles/monad ## Products - [Monad L1](https://thegrid.id/profiles/monad): Monad is an EVM-compatible Layer 1 blockchain with high throughput and sub‑second finality. It uses parallel execution, asynchronous consensus, and a custom state database to improve performance while keeping Ethereum bytecode compatibility. (L1, Live, Main Product) ## Assets - [MONAD (MON)](https://thegrid.id/profiles/monad): MON is the native token of the Monad network. It is used for paying transaction fees and staking to secure the network through proof of stake. As the gas token for a high-throughput EVM-compatible chain, MON is required for all on-chain activity, making it central to every transaction and smart contract interaction on the network. (Native) ## Links - [Main](https://monad.xyz) - [Documentation](https://docs.monad.xyz) - [Blog](https://blog.monad.xyz) - [Media Kit/branding](https://www.monad.xyz/brand-and-media-kit) - [Privacy policy](https://www.monad.xyz/privacy-policy) - [Terms of Service](https://www.monad.xyz/terms-of-service) - [Forum](https://forum.monad.xyz) - [Twitter / X](https://x.com/monad) - [LinkedIn](https://www.linkedin.com/company/monad-foundation) - [Discord](http://discord.gg/monad) - [Telegram](https://t.me/monad_xyz) ## Relationships - [Portal](https://thegrid.id/profiles/portal): Subsidiary ## Legal This data is provided under two licensing models. Model 1 - open data. The open data core is licensed under the Open Database License (ODbL) — a copyleft/share-alike license allowing free use, modification, and sharing for any purpose. Attribution is required: include "Powered by The Grid" linking to https://thegrid.id wherever the data is used. Derivative databases must be shared under ODbL terms. Trademarks, logos, and brand names (marked "Special TPIP") are not covered by the ODbL. For ML/AI use: training datasets that substantially extract ODbL data are Derivative Databases and must be shared under ODbL if publicly used; models must be attributed in documentation. Model 2 - commercial licenses. The Grid Data Service (TGDS) is also available as a commercial license. See [Web Services Terms](https://about.thegrid.id/legal/web-services-terms) for commercial use that is not covered by the open data service. The following applies to both licensing models. - All data is provided AS IS with no guarantees of accuracy. - The Grid does not provide investment, legal, or tax advice, and - a project's presence in The Grid's data does not imply endorsement. - [Data Licensing & Disclaimers](https://about.thegrid.id/legal/data-licensing-and-disclaimers): Licensing models and disclaimers - [Open Data (ODbL)](https://about.thegrid.id/legal/open-data): Open Database License terms and scope for The Grid's open data service. - [Attribution Guidelines](https://about.thegrid.id/legal/open-data-attribution-guidelines): How to attribute The Grid's data when using the open data service. - [Web Services Terms](https://about.thegrid.id/legal/web-services-terms): commercial Terms for using data services. - [All Legal Documents](https://about.thegrid.id/legal): Full index of terms, policies, and disclosures ## Optional - [TGS Field Descriptions](https://github.com/The-Grid-Data/workspace-public/blob/main/references/tgs-field-descriptions.md): Schema field definitions for The Grid's data model - [TGS JSON Structure](https://github.com/The-Grid-Data/workspace-public/blob/main/references/tgs-json-structure.md): Data model structure and relationships - [Product Type Definitions](https://github.com/The-Grid-Data/workspace-public/blob/main/references/product-type-definitions.md): Definitions for each product type - [Product Type Classification](https://github.com/The-Grid-Data/workspace-public/blob/main/references/product-type-classification.md): Guide for classifying products into types - [Grid MCP Guide](https://github.com/The-Grid-Data/workspace-public/blob/main/grid-search/skills/grid-query/references/grid-mcp-guide.md): How to query The Grid programmatically via MCP