Developers within the Monad ecosystem will utilize the dWallet Network to build DeFi applications that work across multiple blockchains.

dWallet Network, known for its support of native Bitcoin programming, recently announced that it will now be compatible with Monad, an EVM-compatible Layer 1 blockchain.

This new collaboration, unveiled on April 30th, is aimed at establishing Monad as a top choice for EVM developers, allowing them to use dWallet technology to incorporate multi-chain capabilities.

The integration will enable developers in the Monad ecosystem to access decentralized building blocks for creating DeFi applications on various chains, promoting decentralization and preventing collusion.

By combining Monad's speed and performance with dWallet's innovative multi-chain features, developers will have increased efficiency and scalability in DeFi development.

Keone Hon, CEO of Monad Labs, expressed excitement about the integration, emphasizing the benefits for EVM developers and the advancement it represents in the DeFi space.

dWallet Network uses a multi-party protocol called 2PC-MPC to implement its dWallet feature, ensuring non-collusion in creating an ECDSA signature. By involving numerous nodes in the process, dWallet aims to enhance interoperability and decentralization in the financial ecosystem.

This partnership aims to create a connected DeFi environment where developers can seamlessly integrate dWallet's native multi-chain capabilities into their applications without compromising security or user control.