On the first day of the Monad public chain mainnet launch, user experience can be described as a mix of surprises and frustrations. The performance was solid but did not reach the advertised peak, while the overall market reaction showed significant divergence and controversy.

To give you a quick overview, I have organized the main situation of the first day into the table below:

Evaluation Dimension Main Performance
🚀 User Experience Some users reported that the trading interface is lagging and crashing, and asset conversion takes a long time; however, some users believe that operations such as cross-chain transfers are smooth and seamless.
📊 On-chain performance The first day TPS (transactions per second) stabilized around 32.75, which is a huge gap from the advertised ten thousand level TPS, but as a first-day operation performance, it is acceptable.
💹 Tokens and Market After the launch of the MON token, its price performance did not meet the expectations of some investors, with trading prices falling below the presale price. The token distribution plan (with approximately 50% allocated to the team and insiders) has raised concerns within the community.
🛡️ Security and Fraud After the mainnet launch, there have been forged transaction records aimed at misleading users. The official clarification states that this is due to fraudulent contracts, not a vulnerability of the blockchain itself.

🔍 Why is user experience polarized?

User feedback has polarized, mainly because they have tried different operations:

· Users encountering issues: The pain mainly focuses on the trading functionality. Some users reported that the entire process of trying to swap SOL and ETH for MONAD took as long as 30 minutes to an hour, with the trading interface completely crashing, making it impossible to operate smoothly, while watching their profits evaporate. This reflects a possible performance bottleneck the platform experienced when facing unexpected traffic during the early stages of the mainnet launch.
· Smooth user experience: On the other hand, some users found the experience "surprisingly smooth" when testing trading bots and conducting cross-chain asset transfers on Monad, believing it to be superior to other blockchains. This indicates that Monad's high-performance underlying architecture may already provide a good experience during non-peak trading hours or for specific functions.

⚙️ How is the performance actually?

Monad is technically recognized as ambitious, utilizing innovative technologies such as parallel execution, with the goal of achieving 10,000 TPS. However, while the ideals are grand, the reality is that the actual TPS on the first day stabilized around 32.75.

· How to view this number: Although this value is far from its theoretical peak, considering that this is the first day of the mainnet launch, and it has successfully processed over 2.66 million transactions and 140,000 new addresses, this initial performance can be regarded as steady progress. A community member commented: "A TPS of 32.75 is not bad, anyway it's much more reliable than some 'high-performance' chains." The key is whether this performance foundation can support the subsequent development of the ecosystem.

💥 Why is there such a huge controversy in the market?

After the mainnet launch, the market's reaction was filled with debate and skepticism, mainly focused on the token MON:

· Price performance has caused disappointment: After MON was launched, its price once fell below the pre-sale price, leaving many early participants feeling disappointed. There were even voices questioning "Monad Is a Scam." This reflects the market's high sensitivity to the short-term performance of projects with high financing and high expectations.
· Concerns about the token distribution plan: According to its token economic model, up to approximately 50% of the tokens are allocated to the team and insiders, while the portion available to the public is relatively small. This structure raises concerns within the community that a large number of unlocked tokens in the future may exert continuous pressure on market prices.
· Security issues have surfaced: Just two days after the mainnet launch, users discovered forged MON transaction records on the blockchain explorer. Although Monad's CTO quickly clarified that this was caused by a fraudulent smart contract deployed by scammers and not a security vulnerability of the blockchain itself, this incident serves as a reminder for new users to be especially vigilant when operating in the new ecosystem.

💎 Summary

Overall, the situation on the first day of the Monad mainnet can be summarized as follows:

· Technically successful launch, active on-chain activities, and stable basic operations have laid the foundation for future development.
· There are obvious shortcomings in the experience, especially in high-concurrency trading scenarios, where users have encountered numerous issues.
· Market confidence is under scrutiny, as the short-term performance of tokens and the token economic model have raised widespread trust issues.

Therefore, for Monad, a successful launch is just the first step in a long marathon. It needs to optimize the product experience as soon as possible and prove itself with tangible ecological applications and user retention, not just as a "powerful chain on paper," in order to quell controversies and win a long-term future.

It is important to remind you that the above information is based on real-time feedback from the early stages of the mainnet launch, and the situation may change rapidly. Before making any decisions, it is advisable to closely follow the latest updates and announcements released by Monad.