TL;DR
- Idea: A high-performance, EVM-compatible Layer 1 blockchain using optimistic parallel execution and a custom BFT consensus to deliver 10,000 TPS with sub-second finality at consumer-grade hardware.
- Catalyst: Rapid on-chain adoption evidenced by $193 M TVL (+10.91% 24h) and 556.5 k weekly active addresses (+2.16%), backed by $244 M from leading VCs.
- Risks: Nascent ecosystem with high FDV vs current market cap, competition in the scalability sector, and unproven novel tech under audit risk.
- Score: 7.00/ 10
Coin
- Name/ Ticker: Monad (MON)
- Segment: Layer 1 blockchain
- Status: active
- Price: $0.024540
Key Metrics
- Market Cap: $266 126 716
- FDV: $2 457 178 034
- Circulating Supply: 10 830 583 396
- Total Supply: 100 000 000 000
- Inflation: 0.00%
Sources
Technology
- USP: First parallel-execution EVM-compatible L1 achieving 10,000 TPS with 800 ms finality on consumer hardware.
- Core Technology: MonadBFT consensus, optimistic parallel execution, deferred execution, MonadDB state engine, full EVM bytecode and RPC compatibility.
Roadmap
- 2022-02-15: Monad Labs founded
- 2023-02-14: Seed round closed led by Dragonfly Capital
- 2023-09-01: Architecture documentation published
- 2024-04-09: Series A $225 M led by Paradigm
- 2025-02-01: Public testnet launch
- 2025-10-14: Airdrop claim portal opens
- 2025-12-31: Mainnet expected to launch
Team & Investors
Team
- Co-Founder & CEO — Keone Hon: 8 years building HFT systems at Jump Trading, later Jump Crypto
- Co-Founder & CTO — James Hunsaker: 8 years at Jump Trading building low-latency systems, then Jump Crypto R&D
- Co-Founder & COO — Eunice Giarta: Former MIT Media Lab researcher and product lead at Shutterstock and Broadway Technology
Investors
- Dragonfly Capital — Seed • 2023-02-14 • $19.00M
- Paradigm — Series A • 2024-04-09 • $225.00M
- OKX Ventures — Venture • 2024-05-21
- Electric Capital
- Greenoaks
- Coinbase Ventures
Total funding: $244.00M
Tokenomics
- Utility: Gas fees, staking to secure network, and protocol governance.
- Vesting: Team and foundation tokens subject to multi-stage unlocks culminating post-mainnet.
- Next Unlock: 2025-10-14 (3.00% of circulating)
Pros & Cons
Strengths
- 10,000 TPS with sub-second finality
- Full EVM bytecode and RPC compatibility
- Low hardware requirements enabling decentralization
- Strong $244 M backing from top VCs
- Experienced team from Jump Trading and MIT
- Optimistic parallel execution architecture
- Rapid TVL growth and on-chain activity
- Near-zero gas fees (<$0.01)
- Liquid staking via shMON protocol
- Broad ecosystem initiatives (hackathons, accelerators)
Weaknesses
- High FDV ($2.46 B) vs current market cap
- Nascent ecosystem with security audit risk
- Heavy competition among L1 scalability projects
- Potential centralization if validator distribution is uneven
- Uncertain long-term demand for high-TPS chains
- Token unlock schedule risks causing sell pressure
- Dependency on novel, unproven execution innovations
- Limited developer tooling maturity at mainnet
- Concentrated liquidity in select DEXes
- Domain trust metrics indicate caution
Market Signals (7d)
- TVL trend: 10.91% inc
- Active addresses trend: 2.16% incr
Price Scenarios (target: 2026-06-13)
- Bear: $0.009000 — Assumes market cap contracts to 0.5× current TVL and supply constant
- Base: $0.018000 — Assumes market cap recovers to equal current TVL and supply constant
- Bull: $0.060000 — Assumes market cap grows to match leading EVM L1 metrics per TPS scalability
How to Buy & Store
CEX
- Coinbase Exchange
- Binance
- Bitget
- OKX
- Bybit
DEX
- Uniswap (Monad)
- SushiSwap
- Curve
- Balancer
- 1inch
Storage
- MetaMask
- Ledger Nano S/X
- Trezor
- WalletConnect
- Coinbase Wallet
Verdict
Monad exhibits compelling throughput and strong backing, but it faces ecosystem infancy and competition risks. Overall outlook moderately bullish.
Official Links
Source: Coin Research (internal)
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