Gate News Bot Update, March 5th: According to CoinMarketCap data, at the time of press, MON (Monad) is trading at $0.02, up 8.88% in the past 24 hours. The price reached a high of $0.02 and a low of $0.02. The current market cap is approximately $242 million, an increase of nearly $19.8 million from yesterday.
Monad is a next-generation, Ethereum-compatible high-performance blockchain that offers 10,000 TPS, sub-second finality, low fees, and scalable decentralization. The chain is EVM-compatible at the bytecode level, with Solidity contracts, EVM addresses, infrastructure, tools, and libraries ready to use out of the box. Monad uses a custom database and low system requirements, allowing validators to run nodes on consumer-grade hardware, enabling true decentralization from day one. The global network expands as demand grows.
Recent important news about MON:
1️⃣ Mainnet Launch and Token Supply Mechanism
The Monad blockchain has officially launched with an initial token supply of 10 billion tokens, accompanied by an airdrop plan. The synchronized launch of a large token supply provides ample liquidity for the market, helping to stabilize current prices and promote trading activity.
2️⃣ Market Performance on First Day of Trading
On its first day of trading, MON experienced initial volatility, reflecting the typical price discovery process for a newly listed asset. After an early adjustment, the price stabilized gradually. The 8.88% 24-hour increase indicates a rebound in market sentiment and suggests that investors have some confidence in the project’s fundamentals and long-term prospects.
3️⃣ Technical Architecture Competitive Edge
Monad’s technical architecture, featuring 10,000 TPS throughput, sub-second finality, and EVM compatibility, provides significant competitive advantages in the high-performance blockchain space. Its low hardware requirements facilitate geographically dispersed nodes, enhancing decentralization and long-term sustainability. These technical strengths can support market confidence from a fundamental perspective.
This message is not investment advice. Please be aware of market volatility risks.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Gate Daily Report (April 16): Tether may have purchased 951 BTC; Virginia enacts crypto property law
Bitcoin continues to rise, reaching $74,630. Tether uses its profits to buy 951 bitcoins. Virginia passes an unclaimed property law, requiring idle cryptocurrency to be transferred to the state government. U.S. stocks are driven by tech stocks, and the S&P 500 index hits a new high. Crypto market dynamics show that investors are paying attention to geopolitical conditions and U.S. monetary policy.
MarketWhisper5h ago
Polygon Launches sPOL to Unlock $3.6B in Staked POL and Boost Staker Rewards
Polygon has launched sPOL, a liquid staking token, enabling greater liquidity for staked POL tokens. Audited for security, sPOL allows stakers to earn rewards while using assets in DeFi, with initial liquidity from the treasury and live pools on Uniswap V4.
GateNews23h ago
XRP Today News: CLARITY Act Pushes Through in May, Standard Chartered Bank Turns Bullish on $8
Ripple CEO Garlinghouse confirmed at the summit that the CLARITY Act’s goal for passage is by the end of May, and said that the controversy surrounding stablecoin yield rates is nearing resolution. If the bill passes, XRP is expected to rise to $5–$10; otherwise, it could fall back to $1.2. The bill’s passage would create a regulatory framework for the digital asset market, clarify XRP’s classification as a commodity, and reduce compliance barriers for institutional investors.
MarketWhisper04-15 02:58
Gate Daily Report (April 15): X launched Cashtags to provide encrypted financial data functionality; Bitcoin halving has completed 50%
Bitcoin (BTC) continues to rise, reaching $74,670 on April 15. On the X platform, Cashtags were launched in the United States and Canada, integrating real-time financial data and trading. With the Bitcoin halving underway, there are only 105,000 blocks left until the next reward halving. Market sentiment is optimistic, and the US stock market also recorded gains. Among various crypto-news updates, the ARIA token price has crashed, and events such as Virginia’s new law incorporating digital assets have been reported.
MarketWhisper04-15 01:48
X Product Chief Hints at Crypto Feature Launch as Platform Cleans Up Bot Activity
Nikita Bier from Elon Musk's X hinted at a possible crypto-related product launch amid Bitcoin's recovery, stimulating discussions on potential payment and trading features. X Money, a peer-to-peer service, is set for early public access but lacks confirmed crypto features.
GateNews04-14 17:12
