TL;DR
- Idea: Monad is an EVM-compatible Layer-1 blockchain leveraging optimistic parallel execution and a custom database to achieve up to 10 000 TPS, near-zero gas fees, and sub-second finality.
- Catalyst: Mainnet and token generation event on 2025-11-24 with 10% initial unlock; public token sale on Coinbase (2025-11-17 to 2025-11-22); listing on Gemini (2025-11-24); $225 M Series A by Paradigm (2024-04-09).
- Risks: High FDV and elevated sell-pressure from unlocked tokens; intense competition in the smart-contract platform space; nascent ecosystem with limited real-world usage.
- Score: 7.00/ 10
Coin
- Name/ Ticker: Monad (MON)
- Segment: Layer 1 blockchain
- Status: active
- Price: $0.026390
Key Metrics
- Market Cap: $273 970 503
- FDV: $2 529 600 608
- Circulating Supply: 10 830 583 396
- Total Supply: 100 000 000 000
Sources
Technology
- USP: Optimistic parallel execution with MonadDB enabling 10 000 TPS and 800 ms finality on consumer-grade hardware.
- Core Technology: MonadBFT consensus, optimistic parallel execution, asynchronous execution decoupled from consensus, custom on-disk/in-memory Patricia trie database.
Roadmap
- 2023-02-14: Seed funding closed ($19 M)
- 2024-04-09: Series A funding closed ($225 M)
- 2025-02-19: Testnet onboarding guide published
- 2025-11-17: Public token sale on Coinbase
- 2025-11-24: Mainnet launch and TGE
Team & Investors
Team
- Co-founder & CEO — Keone Hon: 7+ years building low-latency HFT systems at Jump Trading
- Co-founder & CTO — James Hunsaker: 7+ years building low-latency HFT systems at Jump Trading
- Co-founder & CPO — Eunice Giarta: Former MIT Media Lab researcher and product lead at Shutterstock
- Head of Payments — Raj Parekh: Former Visa executive
Investors
- Dragonfly Capital — seed • 2023-02-14 • $19.00M
- Paradigm — series_a • 2024-04-09 • $225.00M
- Electric Capital — series_a • 2024-04-09
- Greenoaks Capital — series_a • 2024-04-09
- OKX Ventures — series_a • 2024-04-09
- Placeholder Capital — seed • 2023-02-14
- Shima Capital — seed • 2023-02-14
- Finality Capital — seed • 2023-02-14
- Cobie — seed • 2023-02-14
- Hasu — seed • 2023-02-14
- Animoca Ventures — series_a • 2024-04-09
- Coinbase Ventures — series_a • 2024-04-09
Total funding: $244.00M
Tokenomics
- Utility: Native gas, staking for consensus security and governance
- Vesting: 10% unlocked at TGE; remaining tokens vest linearly over 4 years to Q4 2029
Pros & Cons
Strengths
- 10 000 TPS throughput with sub-second finality
- Full EVM compatibility for seamless dApp migration
- Low hardware requirements enabling broad decentralization
- Strong institutional backing with top-tier investors
- Experienced founding team from Jump Trading and MIT
- Optimistic parallel execution innovation
- Well-structured vesting to limit sell-pressure
- Rapid ecosystem growth with 50+ teams deployed
- Integration with liquid staking and DePIN protocols
Weaknesses
- High FDV ($2.5 B) may limit retail entry
- Potential sell pressure from unlocked airdrop tokens
- Stiff competition from established L1s (Ethereum, Solana)
- Early usage metrics (DEX volume) remain low
- Significant team allocation (27%) raises centralization concerns
- Unproven at large-scale under production conditions
- Price volatility observed post-launch
Market Signals (7d)
- TVL trend: up
- CEX volume trend: down
- Active addresses trend: up
Price Scenarios (target: 2026-05-25)
- Bear: $0.015000 — Assumes 50% drawdown from current price under adverse market conditions
- Base: $0.050000 — Assumes capture of 0.01% of Ethereum TVL and a 3× P/S multiple on resulting valuation
- Bull: $0.100000 — Assumes capture of 0.1% of Ethereum TVL and a 5× P/S multiple on resulting valuation
How to Buy & Store
CEX
- Coinbase
- Gemini
- Kraken
- Bybit
- OKX
DEX
- Uniswap
- SushiSwap
- PancakeSwap
- Dyorswap
- 1inch
Storage
- MetaMask
- Ledger
- Trezor
- Coinbase Wallet
- Trust Wallet
Verdict
Monad combines cutting-edge consensus innovations and extensive funding to deliver a high-performance EVM-compatible chain; though the market is crowded and valuation is high, its technology and backing justify a medium-high conviction.
Official Links
Source: Coin Research (internal)
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