Monad

Monad is a fast, Ethereum-compatible Layer 1 blockchain launched in November 2025; MON pays gas and is staked to secure it.

Monad is a Layer 1 blockchain that runs Ethereum smart contracts. Apps and wallets built for Ethereum work on it without changes. It processes transactions in parallel and separates agreeing on block order from executing transactions, which lets it produce a block about every 300 milliseconds.

MON is the native token. It pays transaction fees and is staked to validators under the MonadBFT proof-of-stake consensus, which has an active set of 200 validators. Each block pays 18 MON plus priority fees; delegators share the inflationary reward after the validator's commission. Automated slashing is not yet active.

Mainnet launched on 24 November 2025 with 100 billion MON. Before launch, 7.5% was sold on Coinbase's token sale platform at $0.025 and 3.3% was airdropped. The allocations of the team (27%), investors (19.7%) and the Category Labs treasury (4%) are locked, with a one-year cliff and monthly unlocks over four years. New MON is minted at about 2% a year and part of each fee is burned.

By 30 September 2026 Monad reported over $1 billion in DeFi value locked and 4.3 million active wallets, and it said the network had run with no outages since launch.