Gate News Bot Message, December 25th, according to CoinMarketCap data, as of press time, MON (Monad) is trading at $0.02, up 16.14% in the past 24 hours, reaching a high of $0.02 and a low of $0.02. The 24-hour trading volume is $153 million. The current market cap is approximately $256 million, an increase of $35.5 million from yesterday.
MON is a next-generation high-performance public chain compatible with Ethereum, aiming to provide 10,000 TPS transaction processing capability, sub-second finality, low fees, and a scalable decentralized network. As a parallel EVM blockchain, MON is fully compatible with Ethereum at the bytecode level, allowing direct use of Solidity contracts, EVM addresses, infrastructure, tools, and libraries. MON uses a custom database and low system requirements design, enabling validation nodes to run on consumer-grade hardware, with over 200 validation nodes, achieving true decentralization from day one and flexible scalability as demand grows.
Important recent news about MON:
1️⃣ Flagship Ecosystem Project LeverUp Sets Fundraising Record
Monad ecosystem’s Perp DEX LeverUp, as the first PancakeSwap Launchpad project, achieved an astonishing 678x oversubscription during its fundraising phase, with a total subscription amount of $61 million. The project’s token price broke $0.065, setting a new high, with FDV surpassing $64 million. LeverUp protocol has long maintained the top position in Monad native dapp revenue and has partnered with PancakeSwap to launch trading competitions to boost ecosystem activity. This achievement fully demonstrates the market’s high recognition of Monad ecosystem projects and the strong influx of funds.
2️⃣ DeFi Ecosystem Tier Construction Improved
The top ten projects by on-chain TVL on Monad have formed a clear tier distribution, with Morpho Labs leading at $90.3 million TVL, followed by upshift_fi ($82.3 million) and Curvance ($57.9 million), including well-known DeFi protocols such as Uniswap, Gearbox Protocol, and Curve Finance. This indicates that Monad has successfully attracted more mature DeFi ecosystem projects, accumulating sufficient liquidity and capital for on-chain applications, laying a solid foundation for continuous development.
3️⃣ Market Hotness Continues to Rise
Recently, MON has ranked among the top three in market hotness rankings, only behind SmarDex. Over the past week, MON has repeatedly shown strong performance, with a 10.84% increase in 24 hours on December 17th, with a trading volume of $149 million, and a market cap increase of $22.8 million, reflecting sustained market attention and strong capital inflow into Monad. The recent 16.14% 24-hour increase further continues this upward trend.
This message is not investment advice; please be aware of market volatility risks.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Viewpoint: The current support level for Ethereum is at $1881, and the resistance level is at $2029.
BlockBeats news, on March 29, according to analyst @alicharts, the current support levels for Ethereum are at $1,881, $1,584, and $1,238, with resistance levels at $2,029 and $2,079.
BlockBeatNews8m ago
Analyst: The key resistance levels for ETH are at $2029 and $2079.
Gate News reports that on March 29, analyst Ali Charts stated that Ethereum's current key resistance levels are at $2029 and $2079; the support levels below are at $1881, $1584, and $1238.
GateNews14m ago
Bitcoin Prepares to Close March in Red, Making Its Sixth Consecutive Close, Why Is This Bullish?
Bitcoin prepares to close March in red.
This could mark its sixth consecutive close, a pattern seen before in 2018-2019.
Previously this pattern was printed, the price of BTC pulled a pump over 300%.
The crypto community is waiting with dread as they see how Bitcoin prepares to close Mar
CryptoNewsLand23m ago
We Asked 2 AIs: What Must XRP Do to Escape the Ongoing Crisis?
Alongside the rest of the crypto market, Ripple’s cross-border token tried to break out in the middle of the business week, surging to a monthly peak of over $1.60. However, the subsequent rejection pushed it south to under $1.50 as of press time.
Even the most recent developments on the Ripple
CryptoPotato29m ago
Cardano (ADA) at Make-or-Break Level: Potential Targets From Here - U.Today
Cardano is currently facing a crucial price point at $0.245, considered key support. Recently, ADA has shown a decline and is preparing for the van Rossem hard fork with the release of node 10.7.0, marking significant progress for testing and ecosystem integration.
UToday39m ago
