- The Monad blockchain has been successfully launched today.
- The MON token goes live on the Coinbase crypto exchange.
- The cryptocurrency is now trading in the red zone, plummeting from the initial high.
The Monad blockchain has officially launched its mainnet, and its MON token is now live on Coinbase, marking a significant development for the cryptocurrency market. It also marks a major milestone for the project, which promises to support a wide range of applications, including DeFi, payments, and high-frequency finance.
With a robust ecosystem already in place, including popular websites and decentralized exchanges, Monad is poised to make a significant impact in the crypto and blockchain industries. As the MON token becomes available for buying, selling, converting, and storing on Coinbase, users can now participate in the project’s growth and explore its potential.
MON Token Now Available on Coinbase Exchange
According to a recent X post, the Monad blockchain’s MON token has been listed on the Coinbase crypto exchange. Coinbase announced that Monad was available on its platform, both on the website and mobile app. Customers could log in to buy, sell, convert, or store the assets. The platform noted,
“Monad (MON) is now live on coinbase․com and in the Coinbase app. Coinbase customers can log in to buy, sell, convert or store these assets…We are in the process of enabling send and receive for Monad (MON). Our team will provide an update shortly. Your funds are safe.”
The company stated that it was working on enabling send and receive functionality for Monad. The platform also added that more details would be released soon, assuring users that their funds were safe.
Monad Blockchain Mainnet Launched: Here’s All
The Monad blockchain mainnet has officially gone live, according to recent reports. As per the team, the Monad is a “high-performance network capable of supporting a broad range of growing industry verticals, including DeFi, payments/stablecoins, and emerging institutional use cases for high-frequency finance.” Keone Hon, the co-founder of Monad, stated,
“Monad mainnet’s public launch marks a major step toward making high-performance blockchain infrastructure accessible to everyone. Developers shouldn’t have to choose between speed, security, and usability.”
As the project’s tokenomics, over half of the total MON token supply is initially locked up, comprising approximately 26.9 billion tokens for the team, 19.6 billion for investors, and 3.9 billion for the Monad treasury.
These tokens will start unlocking in the second half of 2026, with a gradual quarterly release schedule until the end of 2029. The Monad mainnet launch is accompanied by integrations with several prominent crypto projects, including MetaMask and Phantom wallets, Curve and Uniswap decentralized exchanges, and stablecoin protocols like USDC, USDT, and AUSD.
As per Hon’s statement, the Monad blockchain mainnet’s public launch marked a major step towards making high-performance chain infrastructure accessible to everyone. He added, “We’re excited to empower a new wave of applications and bring blockchain technology closer to mainstream and institutional adoption.”
MON Token Price Dips
Despite the initial hype surrounding the MON token, the cryptocurrency currently exhibits a negative trend on the same day of launch. While the token debuted at a price of $0.123, it surged to a high of $0.126 within minutes. However, the token soon started to show a bearish trend, with its price continuing to decline.
As of press time, the MON token is trading at $0.01107, up by 3.84%. But, since its launch, the altcoin is down by a massive 10%.
Interestingly, this bearish trend is not reflected in the traders’ activity. The community is actively engaging with the crypto, which is evident in the 24-hour volume, currently at $875k, up 180%. This indicates that traders and investors remain bullish about MON’s future prospects.
