MON (Monad) increased by 16.14% in the past 24 hours

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.