Andre Cronje Criticizes Monad's Claims and Performance

According to Odaily, Andre Cronje, co-founder of Sonic (formerly Fantom) and a prominent figure in the DeFi space, has responded to Monad's recent comments. Cronje criticized Monad for not conducting basic research, pointing out that Multichain operates as an independent third-party cross-chain platform. Among the more than ten affected chains, only Fantom is actively seeking recovery. Cronje also noted that Monad's narrative changes frequently. Initially, Monad claimed to be developing a parallel EVM, but Cronje highlighted their inability to deliver promised performance metrics. Following this, Monad announced the launch of MonadDB, and Cronje speculated that they might soon move on to developing supersets. Furthermore, Cronje criticized Monad's Devnet, describing it as merely a fork of the Avalanche network, even retaining the gas fee token name AVA instead of changing it to Monad. He asserted that Monad lacks cross-chain bridges, technology, and other essential components. Cronje emphasized that Sonic has developed what Monad promised and is currently focused on the next iteration. He also mentioned that Sonic does not require the $3 billion valuation that Monad received in its previous funding round. This exchange follows a comment from a Monad team member, tunez, who mocked Sonic's announcement of surpassing $100 million in Total Value Locked (TVL), comparing it to the amount lost in the Multichain incident.