Market Overview - The industry suggests that no alternative Layer 1 (L1) blockchain has performed well enough to justify over 1 billion USD committed to it [1] - The industry expresses skepticism towards alternative L1 blockchains, viewing them as generally inferior [1] Project Assessment - Monad is identified as an L1 blockchain project [1] - Based on the assessment, the industry believes that Monad should not have over 1 billion USD committed to it [1]