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Monad Moment - Monad’s debut shows why FDV forecasts broke as bitcoin fell.
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Combines privacy-preserving federated learning with onchain incentives to let communities collaboratively train AI models without sharing raw data
Market cap more than doubled QoQ (+104%) as exchange listings (Coinbase, Upbit) boosted awareness and liquidity
Training nodes (+6%), validators (+5%), and delegators (+10%) all increased, signaling healthy contributor growth
New long-term staking model aligns incentives, boosts yield for longer lockups, and reduces mining-and-dumping behavior
Modular Layer-2 that separates execution, data availability (DA), and settlement to improve scalability and reduce costs
MNT governs Mantle’s treasury, roadmap, and key protocol parameters
MNT’s price rose 199.8% to $1.8, aided by deeper Bybit integration
Circulating market cap surged 189.8% QoQ to $5.7B
Public Layer-1 blockchain focused on the Machine Economy – enabling robots, devices, vehicles, and other machines to act as onchain economic agents
Positioning as a leading chain for robotics + machine RWAs (e.g., tokenized robo-farm in Hong Kong, Combinder energy devices, Silencio audio DePIN, XMAQUINA physical-AI DAO, Teneo AI-agent network)
Market cap up ~69% to ~$129M, 5.6M transactions (+19% QoQ)
Multiple CEX listings improve PEAQ liquidity and reach
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Yesterday, the long-awaited TGE and mainnet for Monad went live. Before launch, Monad had raised $244 million since its first round in Feb. 2023. Last week, the team raised an additional $187.5 million through Coinbase’s new ICO mechanism for the MON token. The MON token serves as the native currency of the Monad blockchain, enabling transaction fee payments and staking to secure the network. At mainnet launch, MON’s total initial supply will be set at 100 billion tokens, of which 7.5% was offered during the ICO at a $2.5 billion valuation. There was sufficient demand for the token, as the sale was 1.47 times oversubscribed, with Coinbase users requesting over $276 million in just a five-day period.
The token began trading around the pre-sale price of $2.5 billion, but by the end of the day had reclaimed $3 billion, where it stayed throughout the night. One of the most interesting aspects of the Monad mainnet launch is the size of its ecosystem. There are already 74 apps live, including ones users are familiar with, such as Uniswap, Curve, Morpho, and many Monad-exclusive apps.
Over the next few months, the Monad Foundation will support ecosystem projects in accelerating user acquisition through Monad Momentum. These incentives vary from boosted jackpots to higher referral trading rewards for users. A full list of the apps in Wave 1 can be found here, and a brief description of each is available here.
For now, I will see you in the Monad blockspace exploring all the new apps!
