MON (Monad) increased by 5.59% in the past 24 hours

Gate News Bot Message, January 09. According to CoinMarketCap data, at the time of press, MON (Monad) is trading at $0.03, up 5.59% in the past 24 hours, reaching a high of $0.03 and a low of $0.03. The 24-hour trading volume is $118 million. The current market cap is approximately $299 million, an increase of about $15.8 million compared to yesterday.

Monad is a next-generation Ethereum-compatible chain built specifically for scalability, committed to providing 10,000 TPS, sub-second finality, low fees, and scalable decentralization. Monad is fully compatible with EVM at the bytecode level, with Solidity contracts, EVM addresses, infrastructure, tools, and libraries ready to use out of the box, allowing developers to focus on building quality products without learning a new tech stack. The chain uses a custom database and low system requirements, enabling validators to run nodes on consumer-grade hardware, achieving true zero-start decentralization. It has a global network of over 200 validators that can scale as needed.

Important recent news about MON:

1️⃣ Mainnet Launch and Token Supply Confirmation
The Monad blockchain has officially launched its mainnet, with a total token supply of 10 billion. This marks the project’s entry into active operation. The mainnet launch is a significant milestone for ecosystem development, providing a real on-chain environment for participants and developers. The confirmed token economics offer clear supply expectations for the market, aiding investors in assessing long-term value.

2️⃣ Public Token Sale and Airdrop Mechanism Initiated
The project distributes MON tokens to the market through public token sales and airdrops. This multi-layered distribution strategy aims to expand the community base. Although initial sales have been relatively steady, the token distribution itself has attracted market attention, laying a foundation for ecosystem decentralization and user base growth.

3️⃣ High-Performance Technical Features and Developer-Friendly Support Boost Market Confidence
Monad offers a throughput of 10,000 TPS and sub-second finality, while maintaining full EVM compatibility. This design reduces developer migration costs. Its low system requirements allow validators to run nodes on consumer-grade hardware, promoting true network decentralization. These technical advantages lay a solid foundation for the project’s long-term development and ecosystem expansion.

This message is not investment advice. Investors should be aware of market volatility risks.