MON (Monad) increased by 6.75% in the past 24 hours
Gate News Bot Message, February 11 — According to CoinMarketCap data, at the time of press, MON (Monad) is trading at $0.01937038, up 6.75% in the past 24 hours, with a high of $0.02116249 and a low of $0.01614992. The 24-hour trading volume reached $160 million. The current market capitalization is approximately $210 million, an increase of $13.3 million from yesterday.
Monad is a next-generation high-performance EVM-compatible public chain dedicated to breaking the traditional blockchain trilemma. The chain offers 10,000 TPS throughput, sub-second finality, low transaction fees, and scalable decentralized features. MON is fully compatible with EVM at the bytecode level; Solidity contracts, EVM addresses, infrastructure, tools, and libraries are ready to use out of the box, allowing developers to avoid learning a new development stack.
Monad is equipped with its own MonadDB database and requires low system specifications, enabling validation nodes to run on consumer-grade hardware. This achieves true decentralization from day one and supports a network architecture with over 200 global validation nodes that can flexibly scale as demand grows.
Important recent news about MON:
1️⃣ Mainnet Launch and Token Supply Announcement
The Monad mainnet is officially live, with a total issuance of 10 billion MON tokens. This marks the transition of the public chain from the testing phase to operational status, providing infrastructure support for ecosystem deployment and user participation. The token supply scale establishes a foundation for market liquidity and price discovery.
2️⃣ Market Incentives via Airdrop Mechanism
During the mainnet launch phase, a token airdrop plan was introduced, distributing MON tokens directly to early users and community members to build a user base and boost engagement in the network’s early stages. Such incentives typically attract market attention and trading activity for newly launched tokens.
3️⃣ Initial Listing Performance and Market Pricing
On its first day of trading, MON experienced price pressure and volatility. The current price has retraced from its all-time high, reflecting market caution toward the newly issued token. Over time, market understanding of the project’s fundamentals continues to improve, and the price discovery process is ongoing.
This message is not investment advice. Please be aware of market volatility risks when investing.
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