Monad public sale exceeds $140 million! Over $200 million in funding, Layer 1 new star mainnet launching soon

Monad’s MON token public sale performed strongly, raising $147.1 million by November 20, accounting for 78.4% of the total target of $187 million. The sale publicly issued 7.5 billion MON tokens at a price of 0.025 USDC each (representing 7.5% of the total supply), with a fully diluted valuation of $2.5 billion.

The public sale will end at 10:00 on November 23, followed by the mainnet launch scheduled for November 24. Market expectations for this sale are positive; data from Polymarket prediction platform indicates an 84% probability of reaching a total financing amount of $300 million, reflecting strong investor interest in high-performance EVM-compatible Layer1 solutions.

Monad Public Sale Performance and Market Response

Monad’s token public sale on Coinbase demonstrated remarkable market appeal, raising over $128 million in just one day, and reaching $147.1 million by November 20, nearly 80% of the $187 million target. This achievement makes Monad’s public sale the first standout in Coinbase’s direct token issuance, attracting participants from over 80 countries, including the United States. Although initial participation was steady, subsequent capital inflow stabilized at approximately $693,500 per hour, indicating sustained investor confidence.

The sale adopted a “bottom-up fill” allocation mechanism to ensure fair distribution in case of oversubscription, preventing tokens from being overly concentrated among large buyers. Market expectations, as revealed by Polymarket data, show an 84% probability of reaching $300 million, 56% for $400 million, and only a 27% chance of hitting $600 million. This gradient reflects a rational and optimistic outlook on Monad’s future, recognizing its technological potential while considering the broader crypto market environment.

Part of the success is attributed to carefully designed market-maker partnerships and liquidity support plans. MF Services (BVI) Ltd. has signed loan agreements with five professional market makers—CyantArb, Auros, Galaxy, GSR, and Wintermute—borrowing a total of 160 million MON tokens to provide liquidity. Four of these market makers receive one-month renewable loans, while Wintermute receives a one-year loan. Additionally, a third-party organization, Coinwatch, monitors token usage to ensure transparency in liquidity support.

Key Data Overview of Monad Public Sale

Funding Progress

Amount Raised: $147.1 million

Target Total: $187 million

Completion Rate: 78.4%

Hourly Capital Inflow: approx. $693,500

Token Details

Sale Price: 0.025 USDC

Total Sale Volume: 7.5 billion MON

Percentage of Total Supply: 7.5%

Fully Diluted Valuation: $2.5 billion

Market Expectations

Probability of reaching $300 million: 84%

Probability of reaching $400 million: 56%

Probability of reaching $600 million: 27%

Monad Technological Innovation and Performance Advantages

Founded in 2022 by former Jump Trading engineers, Monad is a Layer1 blockchain fully compatible with the Ethereum Virtual Machine (EVM). It aims to address scalability bottlenecks in existing networks like Ethereum while maintaining decentralization and security. The project re-architects the EVM, introducing innovative technologies such as optimistic parallel execution, asynchronous architecture, MonadBFT consensus, and MonadDB optimized for SSDs. These enable around 10,000 TPS of high throughput while keeping validator hardware requirements at consumer-grade levels (~$1,500).

Parallel execution is central to Monad’s performance breakthrough. The system defaults to processing independent transactions in parallel, only rolling back and re-executing when conflicts are detected, greatly increasing transaction throughput. The asynchronous architecture decouples consensus from execution, providing up to 400 times more time for execution, ensuring network stability under high load. Combined with the MonadBFT consensus achieving 400ms block times and approximately 800ms finality, Monad significantly outperforms current mainstream public chains in performance metrics.

Testnet performance validates Monad’s technical strength. Since launching on February 19, 2025, the public testnet has processed over 2.44 billion transactions with a success rate of 98%, deployed over 34 million smart contracts, and peaked at 34 million transactions per day, with around 20,000 daily active users. These data points demonstrate architectural stability and lay a solid foundation for mainnet ecosystem development. Compared to Solana’s actual 1,000–1,100 TPS and BNB Chain’s 180–414 TPS, Monad’s benchmark of 10,000 TPS shows a competitive edge in high-speed blockchain performance.

Monad Ecosystem Development and Partnerships

Monad’s ecosystem is rapidly expanding, with over 240 projects developing on its testnet across DeFi, GameFi, AI agents, and SocialFi sectors. Key infrastructure collaborations include Circle’s native USDC support, Chainlink’s data feeds and cross-chain protocol CCIP, and LayerZero’s cross-chain capabilities, ensuring full functionality at mainnet launch. Notably, decentralized exchange Kuru secured $11.6 million in funding led by Paradigm, indicating strong DeFi application potential within the Monad ecosystem.

Developer experience is a core pillar of Monad’s ecosystem strategy. The project hosts the Monad Madness competition with a $10 million prize pool and a $60 million investment fund, complemented by global hackathons to attract Ethereum developers migrating to Monad. Full EVM bytecode compatibility allows developers to deploy existing Ethereum applications without code modifications, supporting all Ethereum RPCs, address formats, and development libraries, with current integrations including 19 major wallets such as MetaMask and Phantom. This seamless migration reduces developer transition costs and accelerates ecosystem onboarding.

Community building and incentive programs are also vital to Monad’s expansion. In October 2025, an airdrop portal distributed MON tokens to 5,500 core members and 225,000 broader participants, boosting community engagement. The Monad Momentum Program, launched in September, connects developers with funding and mentorship through founder residency and accelerator initiatives. Physical collaboration spaces, The Studio and The Founder Lounge, provide platforms for offline global community interaction. These efforts collectively establish a comprehensive ecosystem supporting worldwide developer adoption.

Token Economic Model and Value Proposition

The MON token’s economic model reflects long-term strategic planning. The initial fixed supply is 100 billion tokens, with a dynamic issuance mechanism producing approximately 2% annual inflation via a fixed reward of 25 MON per block, balanced by complete token burn of basic transaction fees to create deflationary pressure. Token distribution allocates 38.5% to ecosystem development (385 billion tokens, unlocked at TGE), 27% to the team (270 billion, locked), 19.7% to investors (197 billion, locked), 7.5% to public sale (75 billion, unlocked at TGE), 3.95% to Category Labs treasury (39.5 billion, locked), and 3.3% to airdrops (33 billion, unlocked at TGE).

The unlocking schedule is carefully designed to align incentives over the long term. Team, investor, and treasury tokens are fully locked for one year after mainnet launch, then linearly unlocked over three years, completing a four-year unlocking period by Q4 2029. At launch, approximately 49.4 billion tokens (49.4%) are technically unlocked, but only 10.8% (about 10.8 billion tokens) — the public sale and airdrop portions — are actively circulating. This arrangement prevents early rewards from causing market shocks, fostering a stable environment for healthy ecosystem growth.

MON’s primary uses within the ecosystem include paying transaction fees (with part burned), staking for network security (earning block rewards), governance through proposals and voting (proportional to staked tokens), and ecosystem incentives (funding, liquidity provision, developer rewards). As high throughput (10,000+ TPS) is expected, fee volume may lead to a deflationary state, providing intrinsic support for token value.

Monad Team Strength and Funding History

The core team of Monad comprises three former Jump Trading engineers with extensive expertise in high-frequency trading, distributed systems, and fintech. Founder and CEO Keone Hon holds a Master’s in Computer Science from MIT, a Bachelor’s in Mathematics, and a Master’s in Finance. He spent 8 years at Jump Trading as Chief Engineer, focusing on ultra-low latency trading systems. CTO James Hunsaker has degrees in Computer Science and Mathematics from the University of Iowa and also worked 8 years at Jump Trading, previously serving as the Chief Maintainer of Pyth Network. COO Eunice Giarta holds a Computer Science and Engineering degree from MIT, with background experience as a rates derivatives trader at Bank of America Merrill Lynch and as a payments infrastructure manager at Shutterstock.

The team comprises approximately 20-30 members, over 70% of whom are alumni of Jump Trading, ensuring expertise in low-latency systems. This background aligns well with the technical demands of blockchain performance optimization, providing a strong talent foundation for Monad’s innovation. Additionally, the project has onboarded former Visa executive Raj Parekh as head of payments and acquired Portal Labs, further enhancing its capabilities in stablecoin infrastructure and payments, demonstrating forward-looking team building.

Monad’s fundraising has been impressive, raising a total of $244 million, making it one of the largest crypto financings in the first half of 2024. Notably, it includes a $19 million seed round led by Dragonfly Capital in February 2023 (valuation around $200 million), a $225 million Series A led by Paradigm in April 2024 (valuation around $3 billion, with about 30 institutional investors), and a strategic round in May 2024 (amount undisclosed, focusing on exchange integration and Asia-Pacific growth). Strong investors such as Electric Capital, Greenoaks Capital, Naval Ravikant, and Jordan Fish provide comprehensive support for the project.

Monad’s successful public sale and upcoming mainnet launch mark a new chapter for high-performance, EVM-compatible blockchains. Its technological innovations, ecosystem development, and systematic tokenomics design demonstrate the team’s deep understanding and engineering prowess in blockchain scalability challenges. In the increasingly competitive Layer1 space, whether Monad can leverage its technical advantages and community strength to realize the vision of an “Ethereum performance upgrade” will be a key window into the evolution of next-generation blockchain infrastructure.

FAQ

What are the details of Monad’s public sale?

Monad conducted a public sale of MON tokens on Coinbase, at a price of 0.025 USDC, planning to sell 7.5 billion tokens (7.5% of total supply), aiming to raise $187 million. As of November 20, it has raised 78.4%. The sale ends at 10:00 on November 23, with the mainnet scheduled to launch on November 24.

What are Monad’s technological advantages over other Layer1 projects?

Monad achieves 10,000 TPS high throughput and 800ms finality through parallel execution, asynchronous architecture, and optimized consensus, while maintaining full EVM compatibility for seamless Ethereum application migration. Validator hardware requirements are only consumer-grade (~$1,500), balancing performance and decentralization.

What are the main uses of MON tokens?

MON tokens are used to pay network transaction fees (partly burned), stake for network security (receiving block rewards), participate in governance (proposals and voting proportional to staked amount), and support the ecosystem (funding, liquidity, developer rewards).

How does Monad differ from Ethereum, Solana, and other public chains?

Compared to Ethereum, Monad offers higher throughput and lower fees while being fully compatible; compared to Solana, Monad reduces developer migration costs through EVM compatibility and avoids historical state bloating with optimized design, with more accessible hardware requirements.

What is the background and funding history of the Monad team?

The core team is composed mainly of former Jump Trading engineers with deep experience in high-frequency trading and distributed systems. The project has raised a total of $431.5 million, including Paradigm’s $225 million Series A, with a strong investor lineup supporting its development.