Monad’s native token MON successfully launched on Coinbase with a $3.9 billion fully diluted valuation (FDV), marking a significant milestone in the cryptocurrency market. The Layer-1 blockchain project completed its initial token offering on Coinbase’s new token sale platform before transitioning to public trading.
The token sale exceeded expectations by raising $269 million from more than 85,800 participants across 70+ countries. This impressive participation level demonstrates strong investor confidence in Monad’s vision and technology, despite initial concerns about the pace of the sale.
.@Monad went live less than 24 hours ago
— Nansen 🧭 (@nansen_ai) November 25, 2025
It already cleared:
– 3.7M daily txns
– 153K active addresses
– 18K contract deployments
That’s higher day-one activity than most chains in their first year
🧵 👇 pic.twitter.com/ggUwfOyjx7
Record-Breaking Token Sale
Monad’s token sale offered 7.5 billion MON tokens at $0.025 each, representing 7.5% of the total 100 billion supply. Although the sale started somewhat slowly, it eventually attracted widespread interest and became oversubscribed by 1.43x, with commitments exceeding the available allocation by approximately $82 million.
Keone Hon, co-founder of Monad, emphasized the importance of this launch: “Monad mainnet’s public launch marks a major step toward making high-performance blockchain infrastructure accessible to everyone. Developers shouldn’t have to choose between speed, security, and usability.”
The sale leveraged Coinbase’s recently acquired token-launch platform, which provided regulated access to retail investors across numerous jurisdictions. This approach represents a shift toward more transparent and accessible token distribution models in the cryptocurrency space.
Tokenomics and Supply Distribution
Monad structured its token distribution with careful consideration for long-term sustainability. Beyond the 7.5% allocated for the public sale, the project designated 3.3% for community airdrops, creating a combined 10.8% circulating supply at launch.
The remaining token allocation includes:
- 38.5% for ecosystem development
- 27% for the team (subject to vesting)
- 19.7% for investors (subject to vesting)
- 4% for the Monad treasury
Importantly, over half (50.6%) of the total MON supply is initially locked up, including team tokens (27%), investor tokens (19.7%), and treasury allocations (3.9%). These tokens follow a gradual vesting schedule beginning in the second half of 2026 and continuing through late 2029, which helps manage sell pressure and promotes long-term alignment with the project.
Technology and Network Features
Monad positions itself as a high-performance Layer-1 blockchain that maintains compatibility with the Ethereum ecosystem while offering superior throughput. The project claims to achieve up to 10,000 transactions per second with sub-second finality and minimal gas fees.
Technical innovations underpinning Monad include:
- A custom database system (MonadDB) that enhances performance
- Optimistic Parallel Execution for improved transaction processing
- Full Ethereum Virtual Machine (EVM) compatibility
- Globally distributed validator networks for decentralization
The network launched with integrations for popular wallets like MetaMask and Phantom, decentralized exchanges including Curve and Uniswap, and support for major stablecoins such as USDC, USDT, and AUSD.
Market Response and Trading Activity
Initial trading data shows mixed market response. The token debuted at $0.0123 and briefly surged to $0.0126 before experiencing downward pressure. Despite price volatility, trading activity remains robust with significant 24-hour volumes, suggesting continued market interest in the project.
This performance pattern is not uncommon for new token listings, which often experience price discovery volatility in their early trading days. The true test for MON will be its ability to maintain market interest while delivering on its technical promises over the coming months.
The Future of Layer-1 Platforms
Monad’s launch comes at an interesting time in the evolution of blockchain platforms. The project aims to solve the blockchain trilemma—balancing security, scalability, and decentralization—through innovative technology rather than compromising on any front.
Hon explained this vision: “We’re excited to empower a new wave of applications and bring blockchain technology closer to mainstream and institutional adoption.” The focus on enabling high-frequency trading and consumer applications previously limited by performance constraints positions Monad to potentially capture significant market share.
With major exchanges including Coinbase and Upbit supporting the MON token, Monad now faces the challenge of building developer adoption and network activity to justify its multi-billion dollar valuation. The coming months will reveal whether Monad can deliver on its ambitious technical roadmap while growing a thriving ecosystem of applications and users.
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