The two popular Layer1s are quarreling with each other. Why are Sonic and Monad cursing each other?

ต้นฉบับ | Odaily Planet Daily ( @โอเดลี่ไชน่า )

ผู้แต่ง : อาซึมะ ( @อาซึมะ_เอธ )

The market remains quiet, but it is never lacking in excitement.

This morning, two popular Layer 1 networks, Sonic (formerly Fantom) and Monad, suddenly started to argue with each other, and even the founders of both sides personally intervened.

As the two Layer 1 tracks with the highest expectations in the community, Sonic was born out of the once popular Layer 1 network Fantom, and is now being redesigned by the well-known DeFi master Andre Cronje, while Monad was born out of the market-making giant Jump Trading, which completed a $225 million financing led by Paradigm at a valuation of $3 billion last April. From the perspective of track competition, the two Layer 1s do have a natural competitive relationship, but it seems that there is no need to speak so directly to each other, so what happened last night?

The sequence of events is as follows.

First, Sonic officially released a celebration video on January 12th, announcing that the total locked value (TVL) of the new mainnet exceeded 100 million US dollars. This is a routine marketing operation by the project party and there is nothing wrong with it.

But soon after, Tunez, a core member of Monad’s growth team, suddenly jumped out and said: “This is almost as much money as they lost in the cross-chain bridge.”

tunez also posted an article from Forbes about the theft of the cross-chain bridge Multichain that year.

In July 2023, the cross-chain bridge project Multichain was hacked, and the initial statistics at that time showed that the loss was about 126 million US dollars. Although Multichains services cover multiple networks, Fantom suffered the most serious damage because it used Multichain as the main cross-chain bridge. Afterwards, the stablecoins on Fantom were significantly decoupled for a long time, and many ecological projects announced suspension of operations due to financial losses, which directly led to Fantoms withdrawal from the fierce competition of the last round of emerging Layer 1.

Sonic was celebrating its new life happily, but Tunez hit its sore spot on such a great day, which it couldnt stand.

Many Sonic community members have begun to fight back against tunez. Someone even dug up what tunez said two days ago: As Monad becomes more and more popular, it will also suffer more and more attacks. The words directly pointed out that tunezs move was stimulated by the popularity of Sonic.

Afterwards, AC, the co-founder of Sonic (formerly Fantom), also responded to tunez in person, 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 chains affected, only Fantom is still seeking to recover funds.

• The Monad narrative changes every few months. Monad first said they were going to do a parallel EVM, but we found out they couldnt deliver the performance numbers they promised and warned us they wouldnt do it unless we did a database (DB). Then Monad announced MonadDB, and supersets are probably next.

• Monads Devnet is just a forked network of Avalanche, and even the gas fee token was forgotten to be renamed from AVA (Note: the original text is AVA, not AVAX) to Monad.

• Monad has no cross-chain bridges, no technology, nothing. Sonic built what Monad promised and is busy working on the next iteration. Sonic doesn’t need $3 billion.

After AC left the stage, Monads two co-founders, Keone Hon and James Hunsaker, also responded one after another. But perhaps because they felt that Tunezs provocative behavior was in the wrong, the two co-founders language was much calmer and did not further intensify the conflict.

Keone Hon first denied ACs criticism of Monad in points 2-4, and stressed that such rumors were not true. At the same time, Keone Hon also praised Sonics continued attempts to recover the stolen money and ACs contribution to the industry, and finally wished AC and Sonic good luck in their future development.

James Hunsakers response was more nuanced:

• Parallel EVM actually works well, but it would be better if a high-performance low-latency asynchronous database was introduced;

• Monad never looked at the Avalanche code, let alone forked it — Monad and Avalanche are not even the same programming language;

• A cross-chain bridge will be launched simultaneously when the Monad mainnet is launched;

• Monad has so far used only a small portion of the funds it raised.

All in all, after Monad responded in a more peaceful manner to mitigate the conflict, the war of words between the two sides was temporarily stopped.

The market is bleak and market information is frustrated. We are happy to see new projects compete in terms of technology paths, application types, and adoption models, but it should not be in this way. As the two most anticipated Layer 1 representative projects in the community, Sonic and Monad seem to be more likely to play a leading role.

This article is sourced from the internet: The two popular Layer1s are quarreling with each other. Why are Sonic and Monad cursing each other?

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