The Monad testnet demonstrates promising early-stage network activity, with 24,530 unique users, 42,274 total transactions, and a significant user engagement spike from 229 to 1,800 hourly active addresses. The blockchain's staking activity is concentrated in small transactions, with 83.7% of stakes under 1 MON token, and the Total Value Locked (TVL) reached $181,421 during the February 19-21, 2025 period. Despite low Magma protocol interaction (only 4.34% of addresses), the network shows potential with 23,617 unique GMON token holders and volatile staking volumes ranging from 80 to 57,019 tokens per hour.