Monad Mainnet Launches Today: Here’s What You Need to Know

After last week’s sharp sell-off, the crypto market is beginning to show signs of recovery and short-term stabilization. With a new week starting, attention is now on Monad as it launches its mainnet today at 9 AM ET.

As a $430 million-raised star project, Monad not only broke fundraising records for the L1 sector, but also became the first public sale project on Coinbase’s new Token Sales platform.

In a market lacking new narratives and where old projects are losing momentum, the performance of $MON after mainnet launch, and which ecosystem projects will be available at the earliest stage, has become a rare source of fresh interest in an otherwise stagnant environment. We compiled the latest information on Monad, including its fundraising background, token allocation, and ecosystem, to help you quickly get up to speed.

Fundraising Recap

From May 2022 to November 2025, Monad’s fundraising journey spanned three and a half years, covering an entire market cycle. From the depths of a bear market, to the peak of the bull run, and then back into a sharp downturn.

The Pre-Seed round in May 2022 happened right in the middle of market chaos triggered by the Luna collapse.

By April 2024, Paradigm led a 225 million dollar Series A, the largest crypto fundraising event of that year.

Total fundraising: $431.5 million.

Of that, private rounds raised about $244 million, while the public sale targeted $187.5 million (actual amount raised is $269 million).

During this cycle, the market has increasingly questioned projects with high FDV and low circulating supply. Monad, however, has managed to stay in the spotlight through its strong community-driven marketing. From early community building, supporting builders and creators, to the pre-launch Monad Card campaign, and even a recent collaboration with Solana. Monad keeps generating small waves of excitement.

Monad has secured backing from top-tier VCs, yet now faces shifting market sentiment. The question looms: Can it be the final proof that institutional bets can still deliver?

The answer will soon be revealed. Nevertheless, the recent public sale has already offered some clues.

The Coinbase sale that concluded earlier raised $269 million, 144% oversubscribed. Under the "bottom-fill" allocation rule, users who committed the maximum $100,000 received approximately $57,000 worth of tokens.

Based on the current pre-market price of $0.032-0.034, public-sale participants are sitting on an unrealized gain of about 28-36%.These returns aren't spectacular, but represent a modest win in the current market environment.

Is a $3B pre-market FDV expensive?

Prediction platform data shows that over 50% of users believe $MON's FDV will exceed $3 billion on its second day of trading, a figure slightly higher than the public sale's $2.5 billion valuation.

At the current pre-market price of $0.032, $MON's FDV sits at approximately $3.2 billion, right within the mainstream valuation range predicted by the market. The market is expressing a nuanced stance with real money. While recognizing the project, they remain cautious about the overly aggressive valuations.

On tokenomics, $MON has a total supply of 100 billion tokens, with an initial circulation of 10.8 billion, representing 10.8% of the total. This includes 7.5% from the public sale rounds and 3.3% from the previously committed airdrop allocation. Tokens allocated to the team and early investors are subject to lock-up mechanisms and are not yet in circulation.

Notably, the biggest variable in current tokenomics is the 38.5 billion tokens reserved for ecosystem development, which is the 38.5% of total supply that is already unlocked. These 38.5 billion ecosystem tokens are a double-edged sword.

On the upside, substantial ecosystem incentives can rapidly attract developers and users. Both Optimism and Arbitrum achieved explosive TVL growth through large-scale ecosystem programs.

On the downside, if mismanaged, this represents enormous potential sell pressure. The critical question is how the foundation deploys this "ammunition," whether through targeted incentives for core projects or through broad, indiscriminate distribution. This decision will determine whether Monad can truly build an ecosystem and ultimately shape market confidence in the $MON token.

Compared with other L1 projects, Monad’s valuation sits in a rather delicate position.

Looking at the relationship between fundraising size and valuation, the differences across projects are significant.

• Monad raised $431 million, corresponding to an estimated $3 billion FDV, giving it a roughly 8x multiple.

• Interestingly, Aptos shows a similar ratio, with $350 million raised against a $2.8 billion FDV.

• Sui, however, is in a completely different league. With $400 million raised, it supported an FDV of $14.1 billion, a multiple reaching 35x.

Market valuations depend more on narrative strength, ecosystem development, and market timing than simple funding multiples.

Monad's current 8x valuation multiple is relatively conservative, lacking the high premium that Sui commanded at the time. This suggests the market is waiting for mainnet performance before assigning a higher valuation.

Solana x Monad

It is extremely rare to see something like this: The official Solana account changed its profile picture to Monad’s purple logo and posted “MON mode activated.”

What surprised the market even more was Solana’s official announcement that MON will go live on the Solana chain on the same day as Monad’s mainnet launch, enabled through Wormhole Labs’ Sunrise DeFi, which allows direct trading without the usual cross-chain complexity.

At first glance, Solana and Monad are both high-performance L1s and should be competitors. But a closer look shows that they actually occupy different ecological positions:

• Solana has established a strong non-EVM ecosystem.

• Monad is positioned as a high-performance EVM-compatible chain.

Rather than direct competition, they are building in different segments of the high-performance chain landscape.

Solana's move is essentially showcasing its ecosystem's openness and liquidity advantages. Through native cross-chain solutions like Sunrise DeFi, Solana is positioning itself as a trading hub for all assets, not just a closed loop within the SOL ecosystem. In their own words, token listings are no longer the exclusive domain of centralized exchanges.

This competitive-cooperative relationship reflects a new trend in the crypto market.

In a reality where liquidity is fragmented, users are exhausted by cross-chain operations, and quality asset opportunities are scarce, whoever provides the best trading experience and liquidity attracts users.

Solana's decision to embrace MON stems from two motivations: confidence in its own DeFi infrastructure, and a desire to capture more traffic in the token listing space. For MON holders, this means an additional liquid on-chain trading venue beyond traditional CEXs.

Solana's DeFi ecosystem maturity ranks second only to Ethereum, with daily trading volumes consistently in billions of dollars. MON's ability to tap into this ecosystem from day one will undoubtedly provide additional support for its price discovery and liquidity.

What Awaits on Monad Mainnet Day-1

Monad's mainnet launch isn't coming out of nowhere, as over 300 projects are already in the ecosystem, with 78 exclusive to Monad.

For users who received MON airdrops or want to participate early, here are the main avenues:

DeFi: Trading and Yield Opportunities

Perpetual contract exchanges are ready to go. Perpl and Drake will both go live at launch. Perpl previously raised $9.25M from DragonFly, while Drake offers a hybrid CLOB + AMM model. For best execution prices, keep an eye on Monorail and Mace, the leading aggregators.

Lending markets offer diverse options. Modus introduces a sealed-bid liquidation mechanism to prevent MEV arbitrage; Curvance provides 97% LTV; Townsquare focuses on cross-chain lending. Each protocol has its own features and incentive programs.

Staking yields are available through Fastlane's shMON, Monad's liquid staking token that lets you earn staking rewards while maintaining liquidity.

In addition, the team has released a Day 1 Consumer App Guide, highlighting applications that will be usable on mainnet from day one:

Gaming:

• @LumiterraGame : An open-world MMORPG featuring an AI companion system.

• @lootgo_official : A walk-to-earn game similar to Pokémon GO (already available on the App Store).

• @bro_dot_fun : On-chain beer pong where you can place bets and win rewards.

Prediction Markets:

• @RareBetSports : Predict individual athlete performance such as points, assists, and more.

• @Levr_Bet : Leveraged sports prediction with up to 5x leverage.

Social Mining:

• @TeleMafia : Turns Telegram groups into mafia battlefields where users can fight directly within the chat.

You can explore more consumer-facing applications at app.monad.xyz.

Everything Ready for Monad’s Mainnet Launch

Nad.fun is ready to be Monad's pump.fun, enabling meme coin launches from mainnet day one. On the NFT front, Purple Frens (1,111 pieces) and Chog are the most OG collections. The latter's founder is among the largest airdrop recipients.

MON-related meme trading opportunities will also be available simultaneously on the Solana chain, directly accessible through Sunrise DeFi.

In addition to the above, we put together a snapshot of the top-funded projects in the Monad ecosystem. Here is the overview:

Connect with us:
Fast News: t.me/blockflownews
Insights & Trends: x.com/BlockFlow_News