The founder personally intervened, why did the two popular L1s, Sonic and Monad, engage in a war of words?

By: blockbeats|2025/01/13 15:00:02

AVAX

Daily

Original Title: "Two Major Layer1 Networks Exchange Insults, How Did Sonic and Monad Start Quarreling?"

Original Author: Azuma, Odaily Planet Daily

The market remains quiet, but the cryptocurrency industry never lacks excitement.

This morning, two major Layer 1 networks, Sonic (formerly Fantom) and Monad, suddenly engaged in a war of words, even involving the founders of both projects.

As the two most anticipated Layer 1 networks in the future market, Sonic, born from the once-popular Layer 1 network Fantom and now revamped by the well-known DeFi guru Andre Cronje, and Monad, born from the market-making giant Jump Trading and received a $2.25 billion investment led by Paradigm at a $30 billion valuation in April last year. From a competitive standpoint, the two Layer 1 networks indeed have a natural rivalry, but it seems they don't need to be so direct in their confrontation. So, what exactly happened last night?

Here is the background of the event.

First, on January 12, the Sonic team officially released a celebratory video announcing that the network's Total Value Locked (TVL) had surpassed $100 million on the mainnet. This was a standard marketing move by the project team and did not seem problematic.

The founder personally intervened, why did the two popular L1s, Sonic and Monad, engage in a war of words?

However, shortly after, a core member of the growth team at Monad, known as tunez, suddenly made a provocative comment: "This is almost as much as they lost in the cross-chain bridge incident."

tunez also shared a Forbes article about the cross-chain bridge Multichain being hacked in a previous year.

In July 2023, the cross-chain bridge project Multichain fell victim to a hacker attack, with initial estimates of losses around $126 million. Although Multichain's services spanned multiple networks, Fantom, as the primary cross-chain bridge, suffered the most severe consequences. Subsequently, the stablecoin on Fantom experienced long periods of significant de-pegging, multiple ecosystem projects announced shutdowns due to fund losses, ultimately leading to Fantom's exit from the intense competition among the previous generation of emerging Layer 1 networks.

Sonic was originally celebrating the newborn happily, but the good day was directly hit by tunez, which naturally could not be tolerated.

Many Sonic community members immediately began to retaliate against tunez, with some even bringing up tunez's words from two days ago, "As Monad becomes more popular, it will also face more and more attacks," directly pointing out that tunez's actions were provoked by Sonic's popularity.

Subsequently, Sonic (formerly Fantom) co-founder AC personally responded to tunez, with the following content:

· Monad did not do the most basic investigation; Multichain is an independent third-party cross-chain bridge. Among the more than 10 affected chains, only Fantom is still seeking fund recovery.

· Monad's narrative changes every few months. Monad initially said they would do parallel EVM, but we found that they could not deliver the promised performance numbers, and reminded them that unless they do another database (DB), and then Monad announced they would launch MonadDB, and next they will probably do supersets.

· Moand's Devnet is just a fork network of Avalanche, and they even forgot to rename the gas fee token from AVA to Monad.

· Monad has no cross-chain bridge, no technology, nothing. Sonic developed what Monad promised, and is busy with the next iteration. Sonic also does not need $3 billion.

After AC's response, Monad's two co-founders, Keone Hon and James Hunsaker, also responded successively. However, perhaps feeling that tunez's provocation was unjust, the language of the two co-founders seemed to be much milder and did not further escalate the conflict.

Keone Hon first denied AC's criticisms of Monad points 2-4 and emphasized that such rumors are all incorrect. At the same time, Keone Hon praised Sonic's continued efforts to trace the funds and AC's contributions to the industry, and finally wished AC and Sonic the best for their future development.

James Hunsaker's response was more detailed:

· The parallel EVM is actually running well, but introducing a high-performance, low-latency asynchronous database would yield better results;

· Monad has never seen Avalanche's code, let alone forked it—Monad and Avalanche are not even written in the same programming language;

· Monad will launch a cross-chain bridge when its mainnet goes live;

· Only a small portion of the funds raised by Monad has been temporarily utilized.

In conclusion, after Monad took a more moderate approach to mitigate the conflict, the verbal battle between the two parties has temporarily ceased.

The market is bleak, and market information is hindered. We are eager to see new projects compete in terms of technical paths, application types, adoption patterns, and more, but clearly not in this manner. As the two most highly anticipated Layer 1 representative projects in the current community, Sonic and Monad should seemingly set an example.

Original Article Link

-- Price

On June 9, The Kobeissi Letter, citing Goldman Sachs data, reported that global investors are selling South Korean stocks at an unusually rapid pace. In the latest trading session, foreign investors sold about $801 million worth of Kospi constituent stocks again; total foreign outflows last week reached about $10 billion, and the market has been in net foreign selling on nearly every trading day over the past month. According to the data cited in the report, foreign investors have sold about $75 billion worth of South Korean stocks so far this year. Meanwhile, South Korean retail and institutional investors together recorded roughly $69 billion in net buying over the same period, suggesting that the market’s main buying support has come from domestic capital rather than returning overseas funds. The information currently disclosed still mainly comes from The Kobeissi Letter’s retelling and Goldman Sachs data summaries, while public details on the statistical period and the specific definition of “selling” remain relatively limited.

Fortune Warns of Strategy’s Financing Structure Risks as Bitcoin Premium Narrows

Fortune warned that Strategy’s Bitcoin treasury model faces growing financing risks as MSTR’s net asset premium narrows and preferred stock dividend pressure increases.

Ferrari Challenge Le Mans: Carl Moon to Dominate in WEEX Livery

The art of absolute control. Inside Carl Moon’s Ferrari 296 Challenge quest at Le Mans, taming the storm together with the official WEEX livery.

Sahara AI Responds to SAHARA’s Sharp Drop: No Contract or Product Security Issues Found, Internal Investigation Underway

Sahara AI responded to SAHARA’s 60% price drop, saying no token contract or product security issues have been found and an internal investigation is underway.

WEEX Deposit/Withdrawal Dynamic Island: Your Asset Status, Always in Sight

WEEX introduces Deposit and Withdrawal Info on Dynamic Island for iOS. See fund transfer progress on your dynamic island, lock screen, or while using other apps. No more guessing. No more refreshing.

Scaling Crypto Derivatives: The Digital Asset Infrastructure Behind High-Volume Trading

In the fast-moving digital asset ecosystem, derivatives platforms face an extreme architectural test. High-leverage futures markets demand more than just standard security—they require absolute operational precision, zero-latency matching engines, and ironclad structural scalability, all while navigating intense market volatility.

As global platforms scale to meet these demands, the industry is shifting away from rigid, monolithic setups toward a more agile, "decoupled" infrastructure philosophy.

The Blueprint for High-Volume Copy Trading

For elite global exchanges like WEEX (founded in 2018), this architectural choice becomes critical when scaling high-volume retail features like social copy trading. When thousands of users automatically mirror the real-time strategies of elite traders simultaneously, it triggers sudden, monumental spikes in concurrent transactional volume.

To prevent execution latency or settlement bottlenecks during these peak volatility events, a platform's primary engine must remain entirely dedicated to risk management, copy-trade synchronization, and order matching.

The Architectural Rule: New-generation platforms must separate front-end user execution engines from heavy backend infrastructural overhead to eliminate operational friction.

By separating these layers, platforms can maintain complete sovereignty over their trading environments and user experiences while strategically aligning with institutional-grade infrastructure ecosystems. This strategic framework allows modern exchanges to leverage advanced Digital Asset Custody infrastructure such as Cobo’s behind the scenes, ensuring that backend wallet management scales elastically alongside trading spikes.

Capitalizing on Market Momentum and 400× Leverage

In a derivatives arena where platforms offer up to 400× leverage on perpetual contracts, capital efficiency and market agility are core business metrics. To capture market momentum, an exchange needs the ability to rapidly expand its asset offerings, supporting everything from legacy crypto assets to sudden, trending altcoins across a massive library of trading pairs.

Adopting a flexible, scalable Wallet-as-a-Service (WaaS) solution such as Cobo’s could completely rewrite the development timeline for high-growth exchanges. Instead of spending months of engineering capital building out custom backend wallet architectures for every new blockchain network, platforms can deploy localized infrastructure in days.

This agility allows platforms to instantly scale their listings to over a thousand trading pairs without compromising security or delaying time-to-market. It mirrors the exact operational advantages seen during high-velocity market events, similar to how advanced wallet infrastructure empowers platforms during sudden asset surges; allowing exchanges to pass that speed and liquidity directly to their global user base.

A Mature Foundation for Growth

The synergy between trusted infrastructure ecosystems and global trading platforms represents the natural evolution of a maturing crypto market. As WEEX continues to scale its global spot and derivatives offerings for over 6 million users, adopting robust backend paradigms proves that platforms no longer have to compromise between cutting-edge trading velocity and uncompromised structural security.

Get Paid to Onboard? Try WEEX’s New Homepage with Rewards for Registration, Deposit & Trade

WEEX just launched a brand new homepage and a 3-step new user onboarding guidance. Complete Registration → Deposit → Trade to earn exclusive rewards. Faster navigation, clear progress, and instant bonuses. Download the latest WEEX App to try it now.

Morning Report | OpenAI has submitted an S-1 registration statement draft to the U.S. SEC; Morpho completes $175 million financing

Overview of Important Market Events on June 9th

Morning Report | BitMine increased its holdings by 126,971 ETH last week; trader Eugene announced his exit from the crypto market

Overview of Important Market Events on June 8th

Wang Chuan: How can one not feel anxious after the neighbor Old Wang made thirty times profit by investing in storage stocks? (Seven) - A quarter-century cycle