Monad

Dropped

The most hyped L1 testnet of 2025 with an incredible $451.5M in funding. The audience was unhappy with the drop on November 24, 2025. Things weren't entirely fair, and the team turned out to be greedy, also conducting a token sale for $187M, but it is what it is. People did everything imaginable for Monad to get the coveted Discord role, and the number of wallets on the testnet exceeded 100 million - absolute madness.