第743集：Keone Hon 谈 Monad 如何直面以太坊最大的瓶颈

八月是整理衣柜的好时机，把夏天没用上的东西处理掉，为秋天的衣服做准备，再升级一下那些你每周都会穿的基础款。

August is a good time to clean up the closet a little bit, get rid of the summer stuff that you didn't use, prepare for your autumn wardrobe, and upgrade the basics that you'll actually reach for every week.

这就是我喜欢Quince的原因。

That's why I like Quince.

他们做的衣服数量不多但件件精品，质感高级，却没有奢侈品牌的溢价。

They make fewer better pieces that feel premium, but don't come with the luxury markup.

对我来说，我最常穿的是那条100%欧洲亚麻抽绳沙滩裤，配上同款衬衫。

For me, the piece I keep coming back to is the 100% European linen drawstring beach pants with the matching shirt.

我喜欢在去海边度假的时候穿它们，因为真的很省事。

I love wearing them on beach vacations because they're easy.

透气又舒服，看起来也很有型，但不会让人觉得我刻意打扮。

They're breathable, comfortable, and they look put together without feeling like I'm trying too hard.

白天随便一套就能出门，去水边玩也能穿，晚上稍微搭配一下还能显得正式一点。

Throw them on during the day, wear them by the water, or dress up a little bit at night.

这就是我真正会用的百搭单品，因为它真的很百搭。

That's the kind of staple I actually use because it has versatility.

这正是Quince做得好的地方。

And that's really what Quince does well.

他们专注于日常单品，比如超柔软的有机棉T恤，还有高级的木兰和羊绒毛衣，可以从日常上班穿到晚上出去吃饭。

They specialize in everyday pieces that work harder like ultra soft organic cotton tees and premium magnolia and cashmere sweaters that can go from a casual workday to dinner out.

如果你的基础款开始穿旧了，Quince让你轻松升级，高级牛仔和定制卡其裤只要60美元起，版型和面料品质都是你期望的奢侈品牌水准。

If your basics are starting to feel worn out, Quince makes it easy to upgrade with premium denim and tailored chinos from just $60 with the fit structure and quality fabrics you'd expect from a luxury designer brand.

Quince的所有商品价格都比同类品牌便宜50%到80%。

Everything at Quince is priced 50 to 80% less than similar brands.

他们直接与正规工厂合作，跳过中间环节，所以你的钱花在了高品质上，而不是品牌溢价。

They work directly with ethical factories and cut out the middleman so you're paying for high quality, not brand markup.

而且不仅仅卖衣服。

And it's not just clothing.

Quince也已经成为从酒店级床品和浴室用品到高级厨具和旅行必需品的首选。

Quince has become a go to for everything from hotel quality bedding and bath essentials to premium cookware and travel must haves.

各位，你们已经听我无数次说了，你们一定要去quince.com看看，因为他们的网站选项超多，逛起来很开心。

Guys, you've been hearing it for so long now how I tell you you have to go to quince.com because the website is so fun for all the options that they have.

这个网站特别值得逛，价格也超划算。

It's a great website to go click around and the prices can't be beat.

升级你的日常穿搭，下载Quince应用获取专属优惠。

Upgrade your everyday, download the Quince app for app exclusive offers.

前往quince.com/crypto10one。

Go to quince.com/crypto10one.

享受免运费，而且现在加拿大和英国也支持365天退货。

Get free shipping on your order and 365 returns now available in Canada and The UK too.

就是quince.com/crypto10one。

That's quince.com/crypto10one.

别再等着别人允许，赶紧开始你的生意吧。

Stop waiting for permission to start your business.

你的想法就差一步，Shopify能帮你轻松实现。

Your idea is one step away, and Shopify can make it easy to make it happen.

我们Crypto 10one就是这么干的，用Shopify卖我们的书，后面的事大家都知道了。

That's what we did at Crypto one zero one and use Shopify to sell our book, and the rest is history.

我喜欢Shopify的一点是，它把创业中最吓人的部分都解决了。

The thing I like about Shopify is it takes the scary part out of starting.

你不用坐在那儿琢磨建网站、付款、结账、库存，还有各种让人还没开始就被劝退的小问题。

You're not just sitting there trying to figure out a website, payments, checkout, inventory, all these little things that stop people before they even launch.

说到建店铺，我觉得最关键的就是流程顺畅。

When I think about building a storefront, the biggest thing is friction.

你希望客人一进你的页面，喜欢你的东西，然后就能顺利下单，不会被卡住。

You want someone to land on your page, like what you're selling and be able to buy without getting stuck.

这恰恰是Shopify最厉害的地方。

That's where Shopify is huge.

Shopify的结账系统就是为了帮更多顾客完成购买而设计的。

Shopify checkout is built to help more customers finish their purchase.

而且等他们再回来的时候，个人信息已经存好了。

And when they come back, their details are already saved.

一键搞定，直接完成。

One tap and they're done.

最棒的是，Shopify 支撑着全球数百万家企业，从你熟悉的大品牌，比如美泰和Gymshark，到刚刚起步的小生意。

The cool part is Shopify powers millions of businesses worldwide from huge brands that you know, like Mattel and Gymshark to small businesses just getting started.

所以无论你是想打造下一个大品牌，还是推出你的第一款产品，基础设施都已经准备好了。

So whether you're building the next big brand or launching your first product, the infrastructure is already there.

一旦这部分搞定了，你就可以专注于真正重要的事情——打造品牌、吸引关注、把顾客带到你的店铺，让生意不断成长。

Once that part is handled, can focus on the real work, building the brand, getting attention, and bringing people to your storefront so the business can grow.

当有人真正下单的那一刻，你的想法就变成了现实。

That moment when someone actually buys, that's when the idea becomes real.

有了Shopify，你的想法和真正的生意之间没有任何障碍，所以去把它变成现实吧。

With Shopify, nothing stands between your idea and a real business, so go make it one.

今天就去shopify.com/crypto10one开始你的免费试用吧。

Start your free trial today at shopify.com/crypto10one.

没错，shopify.com/crypto10one，免费试用。

That's a free trial at shopify.com/crypto10one.

好了，各位。

Alright, everybody.

我们回到了由The Tie举办的Out East峰会。

We are back at the Out East Summit brought to you by The Tie.

这里一直很宜人，虽然可能马上要下点雨了。

It's been a very lovely, although potentially a little bit rainy here coming up soon.

所以很高兴我们在下雨前聊上了。

So I'm glad we got to speak before the rain.

有点风，但你过得怎么样？

A little windy, but how are you doing?

这位是Keone Hon，Monad的联合创始人。

This is Keone Hon, cofounder of Monad.

有幸和他聊了聊。

I got the pleasure of speaking with.

对。

Yeah.

很高兴来到这里。

Great to be here.

我挺好的。

I'm doing well.

太好了。

Awesome.

感谢你今天来和我们聊聊，这里是Crypto 101播客。

You for thank you for having a little chat with us today on the Crypto 101 Podcast.

当然，谢谢你们邀请我。

Of course, thanks for having me.

好的，没问题。

Yeah, you bet.

那我们就从你之前工作的地方开始聊吧，也就是Jump Trading，这家公司以低延迟、量化交易闻名，也就是大家常说的算法交易。

So let's jump off at your old place of business, which was Jump Trading, which is really known for low latency, quantitative, you know, what you would call, you know, algorithmic trading.

跟我们讲讲那段经历吧，以及它是怎么帮助你打造出自己那个高吞吐量、低延迟的区块链的。

Tell us a little bit about that experience and how it kind of parlayed you into building your own very high throughput, low latency blockchain.

好的。

Sure thing.

Jump 是一家

Jump is a

很棒的公司。

great firm.

我在那里度过了一段非常愉快的时光。

I really enjoyed my time there.

我在那里工作了大约八年。

I was there for about eight years.

从2013年开始。

Started in 2013.

我主要负责期货交易。

I was focused on futures trading.

期货呢，你知道，是世界上流动性最强的市场。

Futures is, you know, the the most liquid market in the world.

它需要非常高精度的性能系统，而我的交易团队在全球许多主要期货交易所中都是顶尖的参与者之一，包括CME、URX、ICE、OSC、大阪证券交易所，等等等等。

It requires really high precision, really performance systems, And my trading team there was one of the top participants in the world on many major futures exchanges, including CME, URX, ICE, OSC, the Osaka Securities Exchange, and and many others.

所以在大规模环境下工作，构建高性能系统，运用数学和机器学习，这真是一次很棒的经历。

So it's just a great experience working at scale, building really performance systems, using math, using machine learning before.

现在，感觉每个人都在谈论用AI和机器学习来驱动他们的工作流程，但我们算是机器学习的早期采用者，用它来构建非常精准的预测，让我们在竞争激烈、高交易量、低利润率、高夏普比率的市场中极具竞争力。

Nowadays, it feels like everyone is talking about AI and machine learning to drive their workflows, but we were kind of like a earlier adopter of machine learning to build really precise predictions that allowed us to be super competitive, and he's really competitive, really high volume, low margin, high sharp types of markets.

太棒了。

Awesome.

然后从那里开始，你是什么时候觉得，你知道吗？

And then from there, at what point were you like, you know what?

我要开始自己的区块链项目。

I'm gonna start my own block chain.

因为我觉得那是一个很大的跳跃，而且，你知道，当你开始Monad的时候，可能有一些职业风险。

Because I feel like that's a it's a big jump, and, you know, at the time when you started Monad, maybe there was some career risk.

我的意思是，你有一份我不想称之为轻松的工作，但你有，我的意思是，那是每个刚毕业的人都想要的工作。

I mean, you had a I don't wanna call it a cushy job, but you had, I mean, the job that everybody out of school wants to have.

对吧？

Right?

在一家有名的大公司工作，然后你说，我要在自己身上赌一把。

Working at a big name firm, and you said, I'm gonna take the risk on myself.

我要去创立自己的事业。

I'm gonna found something.

跟我们聊聊你当时的想法吧。

Tell us a little bit about that thought process.

好的。

Yeah.

我觉得是几件事凑在一起的结果。

I think it's a combination of a couple of things.

大学的时候，我做过一些社交媒体类的创业项目，纯粹是好玩。

When I was in college, I worked on some sort of like social media like startups just just for fun.

我一直觉得自己总有一天会想开公司，但关键是要遇到对的想法。

I I think I always knew that I wanted to start a a company someday, but it's it was really dependent on the right idea.

对我来说，加入一家大公司是很好的经历，让我了解了这个世界是怎么运作的，学会了怎么把事情做成，也学会了怎么保持高标准。

And and for me, it was it was a great experience joining a bigger company and learning how the world works and and learning how to get things done, learning how to have really high standards.

对。

Yeah.

但是后来，你知道，做了几年交易，特别是和我的同事詹姆斯·亨萨克一起工作之后，我从2014年开始和他合作的。

But then after, you know, a number of years of of trading and especially working with my coworker, James Hunsaker, who I started working with in 2014.

他是我合作过的最优秀的工程师。

He's the best engineer I've ever worked with.

他对系统应该怎么运作有非常深刻的理解。

Has really deep knowledge of how systems should actually work.

而且很多时候，他会盯着我们系统的运行情况，然后在办公室里走来走去，来回踱步，就是一直在思考。

And there'd be a lot of times where he'd be staring at, like, how our system was doing and kinda like just walking around the floor, like pacing around, just thinking.

然后过几天，他就会有那种灵光一现的时刻，然后去重新设计整个系统。

And then eventually, he'd you know, after a couple of days of this, he'd actually come to have like a eureka moment and go rearchitect the system.

哇。

Wow.

所以在那八年里，我看着他这么做了好几次。

So I saw him do this several times over this period of eight years when I was working with him.

2020年，我们开始越来越多地做加密货币交易。

In 2020, we started doing more and more crypto trading.

2021年，我们最终把团队并入了Jump的加密货币团队，那是一个更广泛的业务，不仅做加密货币交易，还研究、投资和支持这个领域的项目。

In 2021, we ended up merging our team into the the crypto team at Jump, which is a much broader effort that is trading crypto, but also researching and investing and supporting projects in the space.

之后，我们逐渐从纯粹的交易转向建设，有点像从外部向内看，关注这个领域里最好的项目。

And after doing that, then it was kind of a gradual transition of going purely from trading to building, sort of like more from the outside inward, looking at the best projects in the space.

然后从那里，很自然地就跳到了去尝试构建一些比市场上看到的更好的东西。

And then from there, it was a natural leap to just go try to build something that was way better than what what we saw out there in the market.

我喜欢这个。

I love it.

我最近看了一个视频。

And I saw a video recently.

我忘了是谁。

I forget who it was.

他们在Jump的数据中心里做录制。

They were doing a recording inside of Jump's, like, data centers.

这是真的吗？

And is it true?

我不知道那是AI做的还是真实的，但Jump是不是真的有那种超级巨大的计算仓库，用来运行你们的系统？

I don't know if this was AI or if it was real, but does Jump have just these massive, massive warehouses of compute so that you guys could run your systems.

是这样吗？

Is that right?

对。

Yeah.

那么现在，你们在做一个去中心化的系统，我很好奇，你们在架构设计上有什么不同的考虑？

And so now, you know, you're working on a decentralized system, and I'm just curious, what's the difference in how you think about the architecture?

性能上有什么差异？

What's the difference in the performance?

比如，你们Jump是集中式的，低延迟，紧挨着证券交易所，而现在你们依赖的是全球各地的去中心化验证者。

Like, as you have, you know, Jump all centralized, low latency right next to the stock exchange, and now you're relying on decentralized set of validators all over the world.

你都不知道这些人是谁。

You don't know who these people are.

你不知道他们用的是什么系统。

You don't know where they you know, what systems they have.

那这个二进制是怎么运作的？

How what is that that binary?

对。

Yeah.

这个问题问得好，确实触及了我们之前工作和现在工作之间的一个矛盾点。

It's a great question that really sort of cuts at the, I guess, paradox of our what we worked on before versus versus now.

是的。

Yeah.

我觉得有时候人们一听到高频交易，就会立刻觉得这完全可以用来构建高性能区块链。

I think that sometimes when people hear like, oh, HFT, like, they immediately go, oh, that that will totally exactly translate to building the high performance blockchain.

我觉得两者有相似之处，也有不同之处。

And I think there's some similarities, and there's some differences.

我认为加密货币和区块链的问题本质上仍然是一个技术问题。

I think the crypto problems, the blockchain problem is fundamentally still a technology problem.

所以虽然有些技术不同，但很多见解还是相同的。

And so although some of the technologies are different, a lot of the insights are still still the same.

好的。

Okay.

我们在Jump构建高性能系统时，核心就是尽可能多地使用流水线处理。

When we were building high performance systems at Jump, the name of the game is pipelining absolutely as much as possible.

那具体是什么意思呢？

So what does that mean?

所以流水线化就是指并行处理多个任务，并且要把这些任务的衔接阶段管理好。

So pipelining just means doing multiple pieces of work in parallel, and doing a good job of managing the staging of all of these pieces of work.

但它的核心理念就是，比如说，如果你要洗衣服，而且有好几桶要洗。

But it's it's just the idea that, you know, for example, if you were trying to do your laundry, it would be illogical to and you had multiple loads of laundry to do.

那先把第一桶放进洗衣机，烘干，叠好，再去开第二桶，这就很不合理。

It would be illogical to put the first load into the washer, then move it to the dryer, then fold it before starting on second load.

你应该把它们交错着来操作。

Like, you would you would interleave them.

你会这样，当第一批衣服放进烘干机的时候，你就把第二批放进洗衣机，然后这样错开安排。

You would when the second load of when the first load of laundry goes in the dryer, you would put the second load in the washer, and you would kinda stage them.

好的。

Okay.

有道理。

That makes sense.

所以，不。

And so no.

这就像大家都明白这是很直观的事情，但很多计算机系统在最初构建时，并没有尽可能多地使用流水线。

It's just like everyone understands that it's a it's a intuitive thing, but a lot of computer systems, when they're first built, they're built without as much pipelining as is possible.

它们是以一种更线性、更直接的方式构建的。

They're built in a more like linear straightforward way.

所以Monad的故事其实就是把流水线发挥到极致，找出所有可以并行完成的工作，然后合理地组织这些工作。

And so the story of Monad is really about taking pipelining to its extreme and finding all the work that can be done in parallel and then organizing that work appropriately.

好的。

Okay.

所以在当今的背景下，Monad 以在共识和执行之间做流水线处理而闻名。

And so in the context of like, nowadays, Monad is sort of known for being the blockchain that does pipelining between consensus and execution.

这是整个区块链问题的两个子部分。

These are two subcomponents of the overall blockchain problem.

共识就是让分布在世界各地的众多节点彼此达成一致。对，

Consensus is the problem of getting many nodes that are located all around the world to agree with each other Right.

对官方载荷，对官方的交易顺序达成一致。

On an official payload, on an official ordering of transactions.

然后执行就是真正去执行这些交易，并产生执行结果的问题。

And then execution is the problem of actually executing those transactions and, you know, creating the results of those executions.

比如，有一笔交易可能是向某个账户存钱，另一个交易可能是铸造 NFT 之类的。

Like, there's a transaction that might be depositing money into Abe, and then there's another transaction that might be minting an NFT and so on.

执行问题实际上就是运行虚拟机，让那些交易编码的状态发生变化。

And execution is the problem of actually just running the virtual machine that caused the state changes that are encoded in those transactions.

所以 Monad 之所以出名，不仅在于它是并行执行区块链，能并行处理大量交易，还在于它是流水线区块链，将共识和执行并行处理，而不是交替进行、产生大量低效。

And so Monad is kind of known for being the not only the parallel execution blockchain that executes many transactions in parallel to each other, but also the pipeline blockchain that does consensus and execution in parallel, rather than interleaving them and having a lot of inefficiency.

现在大家都在谈论人工智能，但真正重要的是那种能帮你节省时间、做出更明智决策、减轻工作负担的AI。

Everybody is talking about AI right now, but the AI that actually matters is the kind that saves you time, helps you make smarter decisions, and takes work off your plate.

如果你在经营电商业务，物流就是那种要么让你顺利推进，要么让你彻底卡壳的事情。

And if you're running an e commerce business, shipping is one of those things that can either keep you moving or completely slow you down.

这就是我喜欢ShipStation的原因。

That's why I like ShipStation.

它是一个专为电商业务设计的端到端订单履行平台，其AI基于全球数十亿次发货的真实物流数据训练而成。

It's an end to end order fulfillment platform built for e commerce businesses, and its AI is trained on decades of real shipping data from billions of shipments across the world.

所以，不用再手忙脚乱地处理各种工具，ShipStation能让你掌控全局。

So instead of juggling a bunch of different tools, ShipStation helps you stay in control.

它能在库存不足时提醒你，推荐最佳承运商和费率，自动化任务，帮助你在业务增长时节省时间。

It can alert you when your stock is low, recommend the best carrier selections and rates, automate tasks, help you save time as you grow.

你还能获得跨销售渠道的库存同步、自动比价、品牌化退货门户，以及与会计和CRM软件的集成，所有这些都集中在一个地方。

You also get inventory syncing across sales channels, automatic rate shopping, a branded returns portal, and integrations with accounting and CRM software all in one place.

如果我在经营电商店铺，这正是我想要的工具，因为一旦订单开始涌入，你肯定不希望物流成为拖后腿的因素。

If I were running an e commerce store, this is exactly the kind of tool I'd want because once the orders start coming in, you don't want shipping to be the thing that's holding you back.

超过一百万家企业在使用ShipStation来优化和扩展他们的物流。

Over 1,000,000 businesses have trusted ShipStation to optimize and scale their shipping.

你越早切换，就能越早开始节省时间和金钱。

The sooner you switch, the sooner you start saving time and money.

今天就开始使用ShipStation，在shipstation.com输入优惠码crypto，即可免费使用六十天。

Get started with ShipStation today and get sixty days free at shipstation.com with code crypto.

网址是shipstation.com，优惠码是crypto。

That's shipstation.com, code crypto.

shipstation.com，优惠码crypto。

Shipstation.com, code crypto.

税费和其他费用另计。

Taxes and fees apply.

不知道你怎么样，但我经常是到了饭点才想起要做饭。

I don't know about you, but dinner sneaks up on me all the time.

打开冰箱才发现，肉都没提前准备好。

I'll open the fridge and realize I have no protein ready.

到了那个时候，我可不想再跑去商店，临时买点东西，还得赌店里还剩什么肉或者汉堡。

And at that point, I'm not trying to go to the store, make a last minute grocery run, and gamble on whatever meats or burgers are left at the store.

所以Omaha Steaks是个很好的冷冻储备选择。

That's why Omaha Steaks is a great freezer move.

就像家里有个信得过的肉铺，需要的时候随时有好质量的蛋白质。

It's like having a trusted butcher at home and quality protein when you need it the most.

Omaha Steaks用一百多年的时间赢得了好口碑。

Omaha Steaks has earned its reputation with over a hundred years.

和全国厨房里信赖的牛肉一样，直接送到你家门口。

It's the same beef trusted in kitchens across the country, shipped straight to your door.

牛排馆的品质，却没有牛排馆的价格。

Steakhouse quality without the steakhouse prices.

你的家人会以为这顿饭花了好几个小时，但其实没有。

Your family will think dinner took hours, but it didn't.

只要几分钟。

Just minutes.

如果你还没试过，那这个汉堡完美组合就是最好的入门选择。

And if you never tried them, the burger perfection flight is the perfect place to start.

你会得到20个优质牛排汉堡，用的是五种不同部位的牛排。

You get 20 premium steak burgers made from five different cuts of steak.

四个菲力牛排汉堡，四个纽约客牛排汉堡，四个肋眼牛排汉堡，四个牛胸肉汉堡，还有四个西冷牛排汉堡。

Four filet mignon burgers, four New York strip burgers, four rib eye burgers, four brisket burgers, and four sirloin burgers.

各位，这简直就是汉堡界的山寨币组合。

Guys, this is the altcoin basket of burgers right here.

如果我和布莱恩在节目里，我们肯定会五五分账，因为你知道我们夏天多喜欢烧烤。

If me and Brian were on the rundown, we would be divvying these up fifty fifty because you know how we like to grill in the summer.

所以你不只是拿到一盒汉堡，你还能体验到不同的风味、不同的口感，还有真正的牛排馆级别的多样性，可以随时上烤架，或者工作日快速搞定。

So So you're not just getting a box of burgers, you're getting different flavor profiles, different textures, and real steakhouse style variety you can throw on the grill or cook up fast during the week.

今天就到omahasteaks.com试试汉堡完美组合吧。

Try the burger perfection flight at omahasteaks.com today.

20个优质牛排汉堡只要79.99美元，而且用优惠码beef还能再减35美元。

That's 20 premium steak burgers for just $79.99, plus get $35 off with the promo code beef.

那就是omahasteaks.com，结账时使用优惠码beef立减35美元。

That's omahasteaks.com promo code beef for $35 off at checkout.

条款适用。

Terms apply.

详情请见网站。

See site for details.

你知道什么最拖慢团队进度吗？

You know what slows teams down more than anything?

通常不是人员编制、预算，甚至不是工具本身。

It's not always the head count budget or even the tools themselves.

而是工作流程只存在于某人的脑子里，从未真正被记录下来。

It's when the way work gets done lives in someone's head and never actually gets documented.

然后新成员加入、新平台上线，或者有同事离职，突然每个人都在用不同的方式做同一件事。

Then someone new joins, a new platform gets rolled out or a teammate leaves and suddenly everybody's doing the same process in a different way.

这正是今天的赞助商Scribe要解决的问题。

That's exactly the problem today's sponsor, Scribe, was built to solve.

Scribe是一个工作流AI平台，财富500强中有94%的公司都在使用它。

Scribe is a workflow AI platform trusted by 94% of the Fortune 500.

它能实时捕捉工作流程，并将其转化为一步一步的文档，方便团队审阅和分享。

It captures workflows as they happen and turns them into step by step documentation your team can review and share.

你只需要像平时一样操作，Scribe就会边做边生成指南，自动记录每一次点击、每一步和每个截图。

You just do the process like you normally would, and Scribe builds the guide as you go, capturing every click, step, and screenshot automatically.

因为我们团队是远程办公，我确实遇到过好几次需要向同事解释同一个设置或流程的情况，每次都觉得这本来应该第一次就记录下来。

With our team being remote, I have definitely had moments where I've had to explain the same setup or process more than once to a colleague, and it always feels like something that should have been documented the first time.

有了Scribe，原本可能需要花几个小时写和整理的内容，不到一分钟就能准备好分享。

With Scribe, what could take hours of writing and cleanup can be ready to share in under a minute.

Scribe还会自动从截图中隐藏敏感信息，比如姓名、邮箱和账号。

Scribe also automatically redacts sensitive information like names, emails, and account numbers from screenshots.

管理员可以在整个团队中强制执行这一功能，确保没有任何遗漏。

Admins can enforce that across the team so nothing slips through the cracks.

另外，任何按照流程操作的人都能获得实时的屏幕指导，准确显示在实际工具中应该点击哪里。

Plus, anyone following the process can get real time on screen guidance showing exactly where to click inside the actual tool.

Scribe不只是记录工作流程，它还会用AI来建议如何改进，帮你发现多余的步骤，以及简化或自动化的机会。

Scribe doesn't just document workflows, it uses AI to suggest ways to improve them, helping you spot redundant steps and opportunities to simplify or automate.

想看看Scribe能为你的团队带来什么，就去scribe.how/crypto101，提到crypto101，你第一个月的Scribe capture在部分套餐上免费。

To see what Scribe could look like for your org, head to scribe.how/crypto101 and mention crypto101 for your first month of Scribe capture free on select plans.

网址是scribe，scribe.how/crypto10one。

That's scribe, scribe.how/crypto10one.

对。

Yeah.

所以这里有很多技术性的东西。

And so a lot of technical stuff there.

而且，你知道，对于很多正在看的人来说，他们很多不是开发者，但他们是交易者，是DeFi的重度用户。

And for, you know, a lot of people who are, you know, kind of watching, a lot of them aren't developers, but they are traders, and they are DeFi, you know, DeFi power users.

那跟我们聊聊，在Monad上，他们应该期待什么样的体验，跟很多人在用的以太坊相比。

And so talk a little bit about the experience that they should expect on Monad as opposed to where a lot of people are on Ethereum.

明白。

Mhmm.

那具体有什么不同？

What's the difference tangibly?

对。

Yeah.

目前以太坊的出块时间是十二秒，每秒大概能处理二十笔交易。

Right now, Ethereum has twelve second block times and has capacity for about 20 transactions per second.

基本上每个区块能容纳两百五十笔左右的交易，每十二秒出块一次。

It's like 250 ish transactions per block and a block every twelve seconds.

而Monad的出块时间，其实赶巧了，正合适。

Meanwhile, Monad has blocks every it's actually super timely.

现在的话，每四百毫秒就有一个块。

Right now, every four hundred milliseconds.

哦，真快啊。

Oh, wow.

但明天，它就会变成每三百毫秒出一次块了。

But tomorrow, it's going to three every three hundred milliseconds.

哇。

Wow.

那我就直接跟你说说明天的情况吧。

So I'll just tell you the the, like, tomorrow thing.

对。

Yeah.

对。

Yeah.

对。

Yeah.

所以首先看这里。

So every first look right here.

没错。

Exactly.

对。

Yeah.

所以每三百毫秒一次，容量是25%。

So every three hundred milliseconds and has 25% capacity.

增加了。

Increase.

对。

Yeah.

对。

Yeah.

没错。

Exactly.

它每秒能处理一万笔交易。

It has capacity for 10,000 transactions per second.

所以从每秒20笔交易提升到每秒一万笔。

So you're going from 20 transactions per second to 10,000.

从每十二秒一个区块变成每秒超过三个区块。

You're going from blocks every twelve seconds to blocks more than three times a second.

所以频率提高了36倍以上。

So over 36 x more frequent.

对。

Yeah.

而且最终确认时间从以太坊的12分钟缩短到Monad的600毫秒。

And finality going from twelve minutes on Ethereum to 600 on Monad.

哇。

Wow.

所以Monad就像是一个高频系统，真正在挑战光速和全球信息传播的极限，提供非常快的用户体验和非常快的最终确认，这反过来又让交易系统、交易所、货币市场有更多的流动性。

So these are just like Monad is just a high like a high frequency style system that is really pushing the limits of speed of light, information propagation all around the globe, and delivering that really fast user experience, and very fast finalization, which then allows trading systems, exchanges, money markets More liquidity too.

对吧？

Right?

没错。

Exactly.

让所有用户都能获得他们期望的那种用户体验。

To all just have that very the user experience that users would expect.

对。

Yeah.

不。

No.

这真的很有意思，因为，你知道，如果我想想，我并没有任何高频交易的经验或者运行的应用。

It's super fascinating because, you know, if I think about, like, I don't have any high frequency trading experience or applications running.

所以通常，我就是点一下，点一下。

So typically, I'll I'm point and click.

对吧？

Right?

我会在Aave上找点什么，或者在Uniswap上找点什么，然后做个交易。

I'll I'll find something on Aave or find something on Uniswap and, you know, make a trade.

而且，你知道，在牛市高峰期，我记得有些交易在以太坊上真的花了一千美元。

And, you know, it costs, you know, at the peak of the bull market, I was I remember there were some transactions that were literally a thousand dollars on Ethereum.

是的。

Yeah.

然后现在呢，这些费用已经恢复正常了。

And then now it's like they've normalized and stuff.

但有时候，以太坊上的流动性会突然消失，我觉得是因为有些人没法管理风险，比如那些真正的聪明钱。

But if somebody is but sometimes there's liquidity that just evaporates on Ethereum, I think, because people can't manage risk around like, really smart money Mhmm.

他们没法用算法来管理风险，原因正是你刚才说的那些。

Can't algorithmically manage risk for the exact reasons you're saying.

在毫秒级别的时间里，根本没有所谓的最终确定性之类的。

There's no, you know, finality and all that kind of stuff over the course of milliseconds.

所以，你的平台到底是为谁设计的？你会说是先考虑零售用户，还是先考虑机构用户，让他们来提供初始流动性？

And so is was your platform really built for, would you say, the retail user and everybody in mind first, or really the institutions in mind first who were able to come and kind of seed the liquidity?

我觉得两者都兼顾。

I think that it's it's really both.

说到底，用户体验很重要，比如用应用时速度要快，不用等待交易完成和确认。

At the end of the day, there's the user experience of using an app and having very fast you know, how not having to wait for things to complete and finalize.

对。

Yeah.

但回到你之前说的，流动性确实取决于快速的出块时间、快速的最终确认、低手续费，

But then to your point earlier, liquidity really depends on fast block times, fast finality, cheap gas fee,

以及可靠的东西，

things that are reliable,

而且流动性也不只是，有时候在加密领域，我们会提到TVL，就是总锁仓量。

and and liquidity is also not just like, sometimes in crypto, we talk about the idea of TVL or total value locked in crypto.

但实际上，这取决于流动性在订单簿里的位置，它可能有很强的可操作性。

But depending on where that liquidity is positioned within the order book that, you know, it might be very actionable.

它可能给终端用户，不管是散户还是机构参与者，提供非常好的报价，或者可能很低效，离合理价格很远。

It might give the end user, whether that's a retail participant or an institutional participant, really good pricing, or it might be really inefficient and very far away from whatever the fair value is.

也可能是滑点。

It might be slippage.

对。

Yeah.

所以我们在以太坊和其他链上注意到，虽然名义上看起来流动性很多，但实际上滑点非常大。

So what we what we noticed on Ethereum and other blockchains is that even though nominally, it sounded like there was a lot of liquidity in practice, the slippage was massive.

那是因为做市商不可能非常精确地报价，并且一直调整他们的报价，比如上下波动，随着他们对市场新信息的反应而调整，因为不断更新报价的成本太高了。

And that was because it was impossible for market makers to quote very precisely and to adjust their quotes all the time, like up and down, up and down as they're responding to new information in the market because it'd just be too expensive to constantly update their quotes.

所以他们干脆就挂一个被动的订单，覆盖一个很宽的价格范围，这样在最优买卖价附近就没有多少流动性了。

And so instead they just leave a sort of passive order that's over a very wide range of prices, and there's not a lot of liquidity near the near the top of book.

对。

Yeah.

所以实际上，这意味着，比如上周，Purple，一个在Monad上完全链上的永续合约交易所，在过去七天里交易了3亿美元的交易量。

So in practice, what it's meant is, for example, last week, Purple, which is a fully on chain perpetuals decks on Monad, traded $300,000,000 of volume in the past seven days.

它完全在链上，每一笔交易，每一次添加、取消和交易，都是Monad上的一笔交易，这得益于非常低的交易费用和非常快的最终性性能。

It's fully on chain every single transaction, every single like add and cancel and trade is just a transaction on Monad, and that's made possible by this really cheap transaction fees and really fast performance of Finality.

太棒了。

That's awesome.

所以我想

So I

谈两个关键点。

wanna get to two key things.

我想聊一下除了速度之外，你们还在关注哪些关键指标。

I wanna get to some key metrics that you guys are paying attention to outside of speed.

我还想谈谈用户采用这方面的事情。

I wanna talk about user adoption and stuff like that.

但在那之前，我很好奇Coinbase那个空投，也想聊聊这一切是怎么弄到一起的。

But before we get to that, I'm curio and then I also wanna talk about the Coinbase airdrop and kinda how that all came together.

好的。

Sure.

但我想问问，就正在构建的那些应用来说，比如说你刚提到的Purple。

But I wanna know kind of in terms of some of the applications that are being built, like, you just mentioned Purple.

那还有没有其他应用是大家可以去看看的，让你觉得‘哇，这个挺有意思’，或者‘我都不知道还有这种的’？不是那种从AAVE分叉过来的，或者别的链上也有的，而是Monad特有的这种东西。

Where are some what are some other applications that people can check out that have got you really like, wow, that's interesting, or I didn't even like, something that's like, you know, not just a a fork of AAVE or, you know, something that we could get on a different chain, like something that's unique to Monad.

对。

Yeah.

我觉得现在应用和开发者有很多不同的类型。

I think there's, you know, there's many different categories of of apps and builders right now.

我觉得目前最火的三类应用是交易、支付和代币化。

I think three that are really getting a lot of traction right at this moment are trading, payments, and tokenization.

太棒了。

Awesome.

我认为这些都围绕着一个核心观点，那就是加密货币能为世界提供一个开放平台，让每个人都能获得最多的机会。这既体现在资产端、交易端、收益端，比如存入稳定币或其他资产赚取利息，也体现在借贷端，比如借款人能获得全球最优利率，而不是局限于本地城市或国家的利率。

And I think that all of these are really centered around this idea that what crypto can offer to the world is an open platform where everyone can get access to the maximum amount of opportunities, and that's both on the, you know, asset side, on the trading side, on the earning side, like to deposit to hold stable coins or other assets and earn interest on them, or on the borrowing side, like, you know, for anyone who's borrowing money to get the best global rates rather than the best rates within their whatever their local city or country is.

对。

Right.

我觉得这本质上是一个打破地域壁垒、建立全球金融体系的故事。

I think it's really a story about sort of breaking down the regional barriers and giving a global financial system.

所以，我们确实看到交易类应用获得了大量关注，比如Purple或Kuru，它们是完全链上的现货订单簿去中心化交易所。

And so sort of to that end, we're seeing a lot of traction on the trading side with apps like Purple or Kuru, which is a fully on chain spot order book decks.

哦，非常

Oh, very

它们每天的交易量大约有20.25亿美元。

That's trading about $2,025,000,000 dollars of volume per day.

不错。

Nice.

而且专业AMM也在快速增长。

And prop AMMs are also growing quite rapidly.

那是专业AMM吗？

That's prop AMM?

专业AMM，也就是专有AMM，是原始自动做市商AMM的一种扩展。是的。

So prop AMM or proprietary AMM is sort of an extension of the original automated market maker AMM Yes.

它是一种根据外部预言机价格或做市商公司将其价格输入该系统来调整其中间价的AMM。

It's an AMM that adjusts its midpoint based on an external oracle price or based on, like, a market making firm piping their prices into this system.

好的。

Okay.

所以基本上，这是一种更有效的资本利用方式，因为报价始终非常接近公允价值，非常接近盘口顶部。

So it's basically like it's just a more efficient way of using capital by having quotes that are constantly very close to fair value, very close to top of book.

不错。

Nice.

然后，关于这个，我知道Monad是所谓的EVM兼容的。

And then in terms of, like so I know Monad is what you would call EVM compatible.

所以人们可以把他们在以太坊上用Solidity构建的应用，轻松地移植到Monad上。

So people could take their applications they built on Ethereum or with Solidity, and they could easily port it over to Monad.

我很好奇你们做这个决定时是怎么考虑的，而且我记得你们不是二层区块链。

And I'm curious about the decision making that went into that, and also because I believe you're not an l two blockchain.

对吧？

Right?

你们不认为自己是二层。

You wouldn't consider yourself an l two.

对吧？

Right?

对。

Correct.

是的。

Yeah.

那你们当初做这个决定的时候是怎么想的？

And what was the decision that went into that as well?

对。

Yeah.

所以Monad是一个兼容EVM的第一层区块链。

So Monad is a EVM compatible layer one.

我们选择兼容EVM，是因为我们觉得EVM显然是主导标准。

The reason to be EVM compatible is that we believe that EVM is clearly the dominant standard.

对吧？

Right?

几乎所有开发者都在用Solidity这种为EVM设计的编程语言。

It's where almost all builders are using this the programming language Solidity that builds for EVM.

他们已经在用那套工具了。

They're already using the set of tools.

网络效应太强了。

There's so much Network effects.

网络效应。

Network effects.

说实话，所有应用密码学的研究也都是在EVM的背景下进行的。

And honestly, all the applied cryptography research has been done in the context of EVM as well.

所以它确实是主流标准，但现在效率很低。

So so it's really it's the dominant standard, but it's very inefficient right now.

所以通过Monad，我们让它变得高效得多，同时让每个人都能重复使用他们构建的一切。

So you by with Monad, we we just make it far more efficient while allowing everyone to reuse everything that they've built.

至于为什么Monad是L1，我们认为现有的L1现在存在重大问题，我们正在逐一解决这些问题。

As to why Monad is an l one, we believe that the existing l ones have significant problems right now, and we're resolving those problems one by one.

到目前为止，我们解决的最大问题包括性能、出块频率、吞吐量和最终确认时间，这些又对支付等其他用例产生了连锁影响。

And so far the biggest problems that we've resolved are around performance, frequency of block times, throughput, and finality times, which then has a knock on effect on a lot of other use cases like payments.

我想提一个具体的例子，大家可能知道，加密货币信用卡和借记卡现在越来越流行了。

One specific example I wanna mention is, think, you know, people probably know that credit cards, crypto credit cards, and debit cards are getting much more popular nowadays.

这很好，因为这是让链上资产的人能够在现实世界中消费的一种方式。

And it's great because it's a way for people that have assets on chain to be able to go spend them in the real world.

对。

Yeah.

而且模式不太一样，但比如有些是抵押你的加密货币来借款，所以不算是

And it kind of the models differ, but, like, you'd have ones, like, borrow against your crypto, so it's not like

应税事件。

a taxable event.

对吧？

Right?

对。

Yeah.

对。

Yeah.

没错。

Exactly.

而且你还可以继续从链上的余额里赚取利息。

And you can keep earning interest on your balance that you have on chain.

这真的很酷。

It can be like It's pretty badass.

借贷协议之类的。

The lending protocol, etcetera.

是的。

And yeah.

所以这很棒。

So it's awesome.

人们遇到的一个问题是，信用卡系统，比如POS系统，需要快速最终性才能

And one of the problems that people are running into is that credit card systems, like the POS systems need fast finality in order to be able

不能只是刷一下卡，然后等一分钟或十二分钟让区块确认。

to Can't just slide in and wait for, you know, a minute for a block to convert twelve minutes.

对吧？

Right?

没错。

Exactly.