Monad Mainnet Launches with $MON Token on November 24

TLDR

• Monad raised $244 million from investors like Paradigm.
• $188 million was raised in a public sale on Coinbase.
• MON token price rose by 35% within 24 hours post-launch.

Monad announced the launch of its mainnet and the $MON token on November 24, 2025. This marks a significant milestone for EVM-compatible Layer-1 blockchains. The launch was supported by substantial funding, broad community engagement, and growing developer interest. Key figures involved in the project include Keone Hon, Monad’s co-founder, who has a background in blockchain protocol engineering from his time at Jump Trading.

The project has drawn support from major investors such as Paradigm and Coinbase Ventures. These backers have helped Monad raise over $244 million. Recently, $188 million was raised during a public sale conducted on Coinbase’s platform from November 17 to 22, 2025. Monad’s development team consists of skilled technologists, aiming to enhance blockchain performance without compromising on speed, security, or usability.

Official Statements and Project Goals

Keone Hon expressed enthusiasm about the mainnet launch. He stated, “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.” This sentiment echoes the project’s goal to empower new applications in blockchain technology without requiring developers to abandon familiar tools.

Monad’s official Twitter announced, “Monad Mainnet will launch on November 24th, 9am ET… Waiting room 👇”

Monad (mainnet arc), Official Twitter

The team emphasizes scalable throughput and complete EVM compatibility, focusing on developers and institutions involved in DeFi and high-frequency finance. Monad Mainnet has officially launched with exciting new features.

Understanding the Funding and Financial Moves

Monad has gathered $244 million from investors like Paradigm and Coinbase Ventures. Out of this, $188 million was secured via the public sale on Coinbase at $0.025 per MON. The proceeds have contributed significantly to initial market liquidity. The Monad Foundation also holds 38.5 billion MON tokens reserved for long-term grants and validator delegation.

Funds have been allocated for strategic partnerships and sustaining the ecosystem. Backpack Exchange celebrates the launch of Monad Mainnet.

Impact on Related Cryptocurrencies

The launch impacts Ethereum (ETH) due to Monad’s EVM compatibility, fostering the migration of Ethereum-native dApps. While Bitcoin (BTC) is not directly affected, possibilities arise for wrapped assets and cross-chain ecosystems. Altcoins like SUI, Solana (SOL), and Aptos (APT) sit as comparative assets and benchmarks against new Layer-1 and Layer-2 solutions.

The immediate market reaction saw MON rise by approximately 35% within 24 hours post-launch. Trading has been noted between $0.025 and $0.035, fueled by excitement and its mainnet launch.

Early On-Chain Activity and Developer Momentum

Despite the early stage of Monad’s mainnet launch, on-chain activity shows active contract deployments and developer engagement. The mainnet’s total value locked (TVL) is yet to be documented, given the nascent state of the network. Initial liquidity and real-time deployment continue to shape the trajectory of Monad.

The unlocked supply initially circulating is 10.8%, split between the public sale and an airdrop to Sybil-verified users. This foundation sets the stage for future developments and network scalability.