Monad

Monad (MON) is a layer-1 blockchain launched in 2025. It is designed to be EVM-compatible and uses parallel execution to process transactions concurrently, aiming for high throughput and scalability. The project focuses on improving the performance of decentralized applications while maintaining compatibility with existing Ethereum tools.

Monad uses a parallel execution engine that allows multiple transactions to be processed simultaneously, unlike traditional sequential blockchains. It employs a consensus mechanism called MonadBFT, a variant of HotStuff, to achieve fast finality. This design enables high transaction throughput and low latency, making it suitable for demanding dApps.

The MON token is the native cryptocurrency of the Monad network. It is used for paying transaction fees, participating in network governance, and staking to secure the network. Additionally, MON can be used as a medium of exchange within the ecosystem and for incentivizing network participants.

Monad differentiates itself through its parallel execution and EVM compatibility. While many blockchains process transactions sequentially, Monad's parallel approach increases throughput without sacrificing compatibility with Ethereum's ecosystem. Its MonadBFT consensus also provides faster finality compared to some other proof-of-stake networks, making it a competitive option for developers seeking scalability.

Monad is currently priced at $0.02111, up 0.04% in the last 24 hours. It is ranked #105 by market capitalization. Over the past 7 days, MON is up 1.30%.

Monad has a market capitalization of $249.63M. The 24-hour trading volume is $12.02M, reflecting the total value of MON traded across all exchanges in the last day.

There are currently 11.83B MON in circulation. Monad has a maximum supply of 114.17B MON, meaning no more than this amount will ever exist.