Key Takeaways
- •Monad has successfully raised $244 million from prominent investors, including Paradigm.
- •A substantial $188 million of this funding was generated through a public sale on Coinbase.
- •Following its launch, the MON token experienced a 35% price increase within a 24-hour period.
Mainnet Launch and Project Vision
Monad announced the official launch of its mainnet and the $MON token on November 24, 2025, marking a significant advancement for EVM-compatible Layer-1 blockchains. This milestone was achieved with robust support from its community, considerable investor backing, and growing interest from developers. Keone Hon, a co-founder of Monad and a seasoned blockchain protocol engineer with prior experience at Jump Trading, highlighted the project's mission.
The project has garnered significant backing from leading investment firms such as Paradigm and Coinbase Ventures, contributing to the over $244 million raised. A recent public sale on Coinbase's platform, held from November 17 to 22, 2025, alone generated $188 million. The Monad development team comprises accomplished technologists dedicated to enhancing blockchain performance, aiming to deliver speed, security, and usability without compromise.
Official Statements and Project Goals
Keone Hon expressed his excitement regarding the mainnet launch, stating, "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 aligns with the project's core objective of enabling new blockchain applications while allowing developers to continue using familiar tools.
Monad Mainnet will launch on November 24th, 9am ET... Waiting room 👇
The Monad team is focused on achieving scalable throughput and full EVM compatibility, with a particular emphasis on developers and institutions active in DeFi and high-frequency finance. The launch of Monad Mainnet introduces exciting new features designed to meet these demands.
Funding Details and Financial Strategy
Monad has successfully raised a total of $244 million from investors including Paradigm and Coinbase Ventures. The public sale conducted on Coinbase contributed $188 million, with MON tokens priced at $0.025 each. These funds have played a crucial role in establishing initial market liquidity. Furthermore, the Monad Foundation has allocated 38.5 billion MON tokens for long-term grants and validator delegation programs.
The raised capital is intended for strategic partnerships and ongoing ecosystem development. The launch of Monad Mainnet is being celebrated by platforms like Backpack Exchange.
Impact on the Cryptocurrency Landscape
Monad's EVM compatibility positions it to influence Ethereum (ETH) by facilitating the migration of Ethereum-native decentralized applications (dApps). While Bitcoin (BTC) is not directly impacted, the development opens avenues for wrapped assets and cross-chain interoperability. Competitors and benchmarks in the Layer-1 and Layer-2 space include altcoins such as SUI, Solana (SOL), and Aptos (APT).
In the immediate aftermath of its launch, the MON token saw a significant market reaction, with its price increasing by approximately 35% within 24 hours. Trading activity has been observed between $0.025 and $0.035, driven by the enthusiasm surrounding the mainnet debut.
Early On-Chain Activity and Developer Engagement
Despite being in the initial stages following its mainnet launch, Monad is already demonstrating active contract deployments and developer engagement. The total value locked (TVL) on the mainnet is still being established, reflecting the network's nascent phase. Ongoing liquidity provisioning and real-time deployments are key factors shaping Monad's future trajectory.
The initially circulating supply of MON tokens stands at 10.8%, distributed between the public sale participants and users who successfully completed the Sybil verification for an airdrop. This foundational distribution sets the stage for future network growth and scalability initiatives.