Monad hit 200 validators with 14B MON staked across the network within Backpack.

Backpack alone controls a massive share, with a steep drop-off across the rest, so decentralization is growing, but still uneven. If Monad can scale validator count without degrading performance, it solves the core tradeoff most high-throughput chains struggle with. If that holds in production, this is how you get both speed and credible decentralization, not one at the expense of the other.
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