Arthur Hayes and Monad CEO Keone Hon engaged in a discussion about the risks and design of the new L1 blockchain, Monad. Hayes expressed concerns over high-FDV, low-float tokens, warning that such tokens could experience significant price declines when insider tokens unlock, potentially impacting retail investors. In response, Hon highlighted Monad's approach to mitigate these risks by avoiding venture capital-heavy models. He emphasized features such as fast withdrawals, a network of 170 validators, and the use of MonadBFT and Async Execution technologies. Hon also pointed to open-source audits, increased developer activity, and a fairer MON token sale method aimed at reducing concentrated buying as measures to enhance the network's resilience and fairness.