dWallet Network bringing native multi-chain DeFi to Monad, the fastest EVM network

APRIL 30, 2024— dWallet Network, the infrastructure for programmable native Bitcoin, today announced it will be supporting Monad, the leading EVM-compatible Layer 1 blockchain.

This integration cements Monad's position as the premier ecosystem for EVM builders, leveraging dWallet technology to introduce native multi-chain capabilities, heralding a new era for DeFi.

dWallet Network will empower developers within the Monad ecosystem to harness noncollusive and massively decentralized building blocks for creating natively multi-chain DeFi applications. This integration uniquely positions Monad as the best EVM environment for leveraging dWallet technology, offering unmatched efficiency and scalability to developers seeking to push the boundaries of what's possible in DeFi.

Keone Hon, Monad Labs Co-Founder and CEO, commented on the integration: "This support from dWallet Network is aligned with Monad's mission of providing the best possible platform for EVM developers. Monad's unmatched performance, combined with dWallet's innovative multi-chain capabilities, make Monad the best environment for DeFi developers to build powerful apps."

To implement the dWallet primitive, the dWallet Network utilizes 2PC-MPC, the state-of-the-art protocol invented by its team. This industry-first multiparty protocol enables the generation of an ECDSA signature in a non-collusive way, requiring participation from both the end-user and a significant number of nodes, the number of which could potentially reach hundreds or thousands.

This marks a critical step forward in achieving a truly interoperable and decentralized financial ecosystem. Developers in the Monad ecosystem will be able to easily integrate dWallet's native multi-chain functionalities into their applications, providing users with a seamless experience across various blockchain platforms without compromising security or user ownership.

Omer Sadika, Co-Founder of dWallet Network, articulated the significance of this integration, stating, "By aligning with Monad, we're bringing our natively multi-chain technology to the forefront of the fastest and most efficient EVM ecosystem. This integration is a major step forward in our mission to facilitate a seamlessly interconnected DeFi landscape, and we're excited to see the revolutionary applications that will emerge from this."

The integration reaffirms Monad's commitment to being at the forefront of blockchain innovation, providing a fertile ground for developers to create groundbreaking universal DeFi solutions that are faster, more secure, and truly decentralized.

For press inquiries, please contact:
Siva Sagiraju (siva@dwalletlabs.com)
Marketing Lead, dWallet Network

Kevin
Growth @ Monad( TG: @kmccordic)

About Monad

Monad is a decentralized, developer-forward Layer 1 smart contract platform that ushers in a new paradigm of possibility through pipelined execution of Ethereum transactions.

About dWallet Network

dWallet Network is the home of dWallets - programmable and transferable signing mechanisms that live on-chain. dWallet Network empowers builders on L1s and L2s to utilize dWallets as a building block for managing assets & enforcing logic across all of Web3 in a decentralized and noncollusive way.