what's Monaco Protocol?
Monaco Protocol is a decentralized trading infrastructure built on the Sei Network, designed to power the transition of Wall Street-grade capital markets to onchain environments. Incubated by Sei Labs, it provides a shared liquidity layer that enables apps to access institutional-level liquidity without bootstrapping their own order books. Key features include a high-performance central limit order book (CLOB) with sub-1ms execution speeds, deep liquidity pools, and onchain settlement in under 400ms, combining TradFi efficiency with DeFi's permissionless access. The protocol supports revenue sharing through its PitPass model, where builders deploying frontends or apps on Monaco receive an onchain tag that entitles them to a portion of trading fees generated by their users. This incentivizes ecosystem growth by rewarding development without competition from the core protocol. Monaco is built in Rust for speed and security, leveraging Sei's EVM for settlement, and targets applications in spot trading, derivatives, RWAs, and tokenized assets. As a foundational layer for onchain trading, Monaco aims to unify fragmented liquidity across chains and apps, offering tools like quant-grade execution and institutional APIs. It positions itself as the infrastructure for a permissionless Wall Street, open to retail and institutional participants alike.
Monaco Protocol is entering its private alpha phase soon.
Links
x.com/monacoonseiEntering private alpha phase soon.
PitPass feature enables builders to earn from trading flow with automatic revenue sharing. Performance metrics show 400ms settlement time and 1999852780090253821
BuilderCodes and TraderCodes are product features that allow DEX builders to launch using Monaco's infrastructure with deep liquidity and programmatic fees.
Monaco Protocol adopts Chainlink CCIP for interoperability and institutional-grade price feeds.
Monaco Protocol appoints a new CEO in November.
Testnet launch on Sei Network is anticipated in December.
Trading volume exposure via Monaco reaches $500-600 billion.
Monaco's CLOB protocol features microsecond execution and revenue sharing for builders, with Binance serving as a validator and Circle and MetaMask integrations operational.
Price feed integration provides institutional-grade data sourced from U.S. Department of Commerce and covers over 300 equities.
CCIP from Chainlink is now operational on Monaco, enabling seamless cross-chain network communication.
Chainlink becomes the official oracle provider for Monaco, with integrations including CCIP for cross-chain collateral transfers and Data Streams/DataLink for market data feeds.
Former GSR and Goldman Sachs executive @0xturbanurban announced as CEO of Monaco at Chainlink SmartCon, leading a team with backgrounds from Robinhood, Point72, and Google.
Public announcement made at Chainlink SmartCon by ex-GSR and Goldman Sachs team member (@0xturbanurban).
Monaco, Sei, and Chainlink co-hosted an NYC event during SmartCon Week showcasing Wall Street-grade trading infrastructure.
Symphony and Monte Carlo are protocols currently operating on Monaco.
The platform supports tokenized funds from major institutional asset managers BlackRock and Apollo, with native USDC as the trading medium.
Monaco Protocol introduces TraderCodes, a rewards system that provides fee sharing and points accumulation by routing trading activities across venues to unique user IDs.
Monaco launches TraderCodes as a unified referral system on Sei, offering traders revenue shares, Monaco Points, and app rewards across its ecosystem.
Institutional-grade execution CLOB Monaco launches on Sei Network with sub-1 millisecond speed performance.
KAIO_xyz provides institutional-grade assets while Monaco serves as the trading layer, with Sei Network as the execution layer in a three-part ecosystem.
Team members have previously shipped products at Robinhood, Point72, and Google.
Monaco Protocol is incubated by Sei Labs and staffed by builders from Robinhood, Point72, and Google.
Sei GIGA upgrade enables Monaco Protocol operations with >200k TPS at 400ms latency, featuring Rust-based off-chain matching engine with sub-1ms latency and trade settlement under 400ms on Sei EVM L1.
An exclusive NYC event during SmartCon Week brings together Monaco, Chainlink, and Sei as three pillars of the onchain financial stack.
DragonSwap, the largest DEX on Sei Network with $58.39 billion in volume, announces V2 with vision aligned with Monaco.
A1 Research's in-depth report on Monaco has been published and is now available, following the announcement of the upcoming report on October 4th.
Institutional-grade research outlet A1 Research announces upcoming in-depth report on Monaco and scheduled Twitter space featuring Monaco representatives alongside GSR_io and Delphi_Digital.
Sei Labs confirms it is incubating the project as a 50x improvement over current trading infrastructure, specifically designed to support Sei Giga's high-performance capabilities (200k+ TPS, 5 gigagas throughput, 250ms finality).
Monaco releases new batch of RFPs inviting builders to access PitPass revenue sharing opportunities.
Launches M1 Markets, a new spot trading terminal integrated with high-performance trading infrastructure.
Trading platform achieves sub-1ms execution speed while maintaining Wall Street-grade infrastructure.
Network achieves 640% YoY TVL growth reaching $688.45M peak, while expanding ecosystem through MonacoOnSei integration and new wallet partnerships with Backpack and MetaMask.
Launches shared liquidity layer with microsecond execution and PitPass revenue sharing for builders.
First DeFi project directly incubated by Sei Labs launches with sub-millisecond execution for institutional trading.
High-performance orderbook protocol releases open-source SDK with confirmed Symphony DEX integration.