Monad Geo - Network distribution report

Monad Geo Monthly: September 2026

A monthly analyst report on the Monad blockchain network, showing how Mainnet and Testnet validators are distributed across geography, ISP providers, and stake concentration so decentralization and placement risk are easy to read.

Published

Sep 30, 2026

Analyst Brief

Thesis: Mainnet broadened over Sep: provider set added 1 provider, and top-provider count share fell from 18.00% to 17.50%.

The Stake lens is the economic concentration read, where capital clusters by provider and region. Count shows raw validator footprint, and ISP Providers reveals routing and provider diversity. This brief is the fixed read across all lenses; use the controls below to inspect the evidence layer.

Read provider footprint, placement risk, and stake concentration in one pass.

LatestSep 30, 2026

LensCount

PeriodSep 1-30, 2026

Active validators

200- 0

Providers

46↑ +1

Countries

29↓ -1

Cities

55↑ +1

Regions

Provider concentration

Lowless concentrated

Top provider stake

TeraSwitch 20.3%

Top 3 providers stake

46.4%

Network map

Mainnet - Count Lens

Map view for validator geography, ISP providers, and stake distribution.

Stake-Weighted Concentration

Mainnet - Latest available stake snapshot

Mainnet Provider Stake

Latest snapshot, stake-weighted share of represented stake.

Top 3

46.4%

1. TeraSwitch20.3%+0.5%

11 val+13.16B

2. OVHcloud14.7%-0.4%

35 val-12.29B

3. Cherry Servers11.3%+0.6%

28 val+11.76B

4. Hetzner11.0%-0.4%

25 val-11.71B

5. Latitude.sh5.3%-0.5%

15 val-1831.7M

6. velia.net3.3%

9 val506.3M

7. Servers.com, Inc.2.9%

4 val443.3M

8. Markley2.3%

1 val350.3M

Mainnet Region Stake

Latest snapshot, stake-weighted share of represented stake.

Top 3

87.6%

1. Western Europe48.2%+0.2%

74 val7.49B

2. North America23.8%-0.4%

56 val-13.70B

3. Eastern Europe15.6%-0.9%

36 val-22.43B

4. Asia8.2%+1.6%

20 val+31.27B

5. Oceania2.1%

5 val320.6M

6. Latin America1.4%-0.5%

3 val-1211.4M

7. Africa0.9%

2 val132.5M

Mainnet Country Stake

Latest snapshot, stake-weighted share of represented stake.

Top 3

55.9%

1. United States21.4%+0.1%

50 val3.34B

2. The Netherlands19.3%-0.5%

12 val-13.01B

3. Germany15.1%+0.6%

33 val+12.34B

4. Finland5.4%-0.5%

12 val-1833.1M

5. Singapore5.2%+1.0%

13 val+2815.0M

6. France3.7%

8 val567.6M

7. Poland3.1%

8 val486.2M

8. United Kingdom3.0%

5 val467.1M

Validator Count Distribution

Mainnet - Latest Snapshot

Mainnet Provider Count

Latest snapshot, validator-count share of active set.

Top 3

44.9%

1. OVHcloud17.9%-0.4%

35 val-1

2. Cherry Servers14.3%+0.6%

28 val+1

3. Hetzner12.8%-0.4%

25 val-1

4. Latitude.sh7.7%-0.5%

15 val-1

5. TeraSwitch5.6%+0.5%

11 val+1

6. velia.net4.6%

9 val

7. GTHost2.6%

5 val

8. MEVSPACE2.6%

5 val

Mainnet Region Count

Latest snapshot, validator-count share by region.

Top 3

84.7%

1. Western Europe37.8%+0.2%

74 val

2. North America28.6%-0.4%

56 val-1

3. Eastern Europe18.4%-0.9%

36 val-2

4. Asia10.2%+1.6%

20 val+3

5. Oceania2.6%

5 val

6. Latin America1.5%-0.5%

3 val-1

7. Africa1.0%

2 val

Mainnet Country Count

Latest snapshot, validator-count share by country.

Top 3

49.0%

1. United States25.5%+0.1%

50 val

2. Germany16.8%+0.6%

33 val+1

3. Singapore6.6%+1.0%

13 val+2

4. Finland6.1%-0.5%

12 val-1

5. The Netherlands6.1%-0.5%

12 val-1

6. Austria4.1%

8 val

7. France4.1%

8 val

8. Poland4.1%

8 val

ISP Provider Distribution

Mainnet - Latest Snapshot

Mainnet ISP Provider Footprint

Latest snapshot, validator footprint by ISP provider.

Top 3

44.9%

1. OVHcloud17.9%-0.4%

35 val-1

2. Cherry Servers14.3%+0.6%

28 val+1

3. Hetzner12.8%-0.4%

25 val-1

4. Latitude.sh7.7%-0.5%

15 val-1

5. TeraSwitch5.6%+0.5%

11 val+1

6. velia.net4.6%

9 val

7. GTHost2.6%

5 val

8. MEVSPACE2.6%

5 val

Mainnet Region ISP Providers

Latest snapshot, unique ISP providers represented by region.

Top 3

77.0%

1. Western Europe41.0%+0.2%

25 ISP74 val

2. North America23.0%-0.4%

14 ISP56 val-1

3. Asia13.1%+1.6%

8 ISP20 val+3

4. Eastern Europe13.1%-0.9%

8 ISP36 val-2

5. Latin America4.9%-0.5%

3 ISP3 val-1

6. Africa3.3%

2 ISP2 val

7. Oceania1.6%

1 ISP5 val

Mainnet Country ISP Providers

Latest snapshot, unique ISP providers represented by country.

Top 3

43.1%

1. United States18.1%+0.1%

13 ISP50 val

2. Germany16.7%+0.6%

12 ISP33 val+1

3. The Netherlands8.3%-0.5%

6 ISP12 val-1

4. Austria4.2%

3 ISP8 val

5. Ireland4.2%

3 ISP4 val

6. Singapore4.2%+1.0%

3 ISP13 val+2

7. United Kingdom4.2%

3 ISP5 val

8. Brazil2.8%

2 ISP2 val

Sep Share-Over-Time & Provider Movement

Mainnet

Sep Share Over Time

Top-provider and top-country count-share history for Mainnet.

Latest top shares

17.86% / 25.51%

Sep Provider Movement

Validator-share movement across the weekly comparison window.

Cherry Servers

+0.58%

TeraSwitch

+0.54%

Tier 4 Cloud Services

+0.51%

WIIT AG

+0.51%

Twinstake Limited

-0.51%

FiberState

-0.51%

Latitude.sh

-0.47%

Hetzner

-0.44%

Top provider count share

17.5%-0.50%

Top country count share

25.0%0.00%

Provider concentration

Lowless concentrated

Active validators

2000

Recent Validator Additions

Public first-seen metadata from the report bundle.

No public first-seen validator additions were available for this report window.

Report Narrative

Introduction

This report covers Sep 1-30, 2026 for Monad Mainnet and Testnet validator infrastructure. BitCtrl reads the network through validator count, ISP provider diversity, and stake-weighted concentration.

Thesis

Mainnet currently shows 200 active validators, 46 providers, and 29 countries. Testnet shows 200 active validators, 48 providers, and 25 countries across the selected period boundary.

Data Presentation

The Count and ISP Provider lenses show placement and provider footprint from archived snapshots. Mainnet top-provider count share moved from 18.00% to 17.50%, while Testnet top-provider count share moved from 21.00% to 20.00%. The Stake lens is intentionally separated: Mainnet stake is led by TeraSwitch at 20.3%; Testnet stake is led by Hetzner at 18.7%.

Conclusions

This monthly report keeps period movement separate from latest stake concentration. Count and ISP Provider lenses use archived period-boundary snapshots; the Stake lens uses the latest available public stake snapshot until historical stake series are archived.

BitCtrl monitors infrastructure concentration, placement risk, and validator market structure for Monad operators and ecosystem teams.

Premium market-structure monitoring - Validator geo analytics - Provider risk scoring

Mainnet - Count Lens

◆Stake-Weighted Concentration

▰Mainnet Provider Stake

▰Mainnet Region Stake

▰Mainnet Country Stake

◌Validator Count Distribution

◌Mainnet Provider Count

◌Mainnet Region Count

◌Mainnet Country Count

▱ISP Provider Distribution

▱Mainnet ISP Provider Footprint

▱Mainnet Region ISP Providers

▱Mainnet Country ISP Providers

⌁Sep Share-Over-Time & Provider Movement

⌁Sep Share Over Time

↗Sep Provider Movement

+Recent Validator Additions

↗Introduction

↗Thesis

↗Data Presentation

↗Conclusions

Stake-Weighted Concentration

Mainnet Provider Stake

Mainnet Region Stake

Mainnet Country Stake

Validator Count Distribution

Mainnet Provider Count

Mainnet Region Count

Mainnet Country Count

ISP Provider Distribution

Mainnet ISP Provider Footprint

Mainnet Region ISP Providers

Mainnet Country ISP Providers

Sep Share-Over-Time & Provider Movement

Sep Share Over Time

Sep Provider Movement

Recent Validator Additions

Introduction

Thesis

Data Presentation

Conclusions