- Monad (MON) rallied 26.25% to $0.03571 following mainnet activation and strategic centralized exchange listings.
- Trading volume exploded to $868M on CEXs, with the volume-to-market cap ratio surging 223.88% in 24 hours.
Monad (MON) has seen an incredible price bounce, going up 26.25% in one day only after the mainnet launch and strategic exchange deployments. The debut cryptocurrency started trading at $0.026 and later went up to $0.03571, indicating that the crowd was enthusiastic and the buyers were aggressive, both from the institutional and from the retail side.
Volumes got to a higher level, with centralized exchanges recording $868 million in trades while decentralized platforms were responsible for $10.4 million in transactions. Moreover, as per CMC data, the volume to market cap ratio widened by 223.88%, which is a sign of more trading interest and possibly some buying intentions of early investors looking to hold for the long run.
Monad is now valued at $387.72 million, and it did it in a very short time to be considered as a serious competitor in the crowded layer-one blockchain sector.
Technical Innovation Drives Market Confidence
Monad has been recognized by the entire blockchain community as a network with performance capabilities that can rival Ethereum, but with higher throughput. The platform is able to perform 10,000 transactions per second with 0.4-second block times, and the transaction finality is done in just 800 milliseconds. So it is far ahead of its competitors.
Almost zero gas fees eliminate the different economic barriers that have been the main reasons for the slow adoption of blockchain technology by the mainstream, and thus, decentralized applications become accessible to users who are very sensitive to costs all over the world.
With full compatibility of the Ethereum Virtual Machine, developers can simply move their current projects, thus use the already existing tools and frameworks without changing the code extensively or facing a steep learning curve.
The project solves the scalability trilemma of the blockchain that has been the main cause of the low performance of the blockchain without in any way affecting decentralization or security, a resounding combination that the competitors are struggling to achieve.
The limited token supply, coupled with the instant accessibility of the major exchange, has resulted in the supply-demand imbalances, which have been further increasing the price momentum as retail investors are hurrying to take positions.
According to market analysts, the mainnet launch is the pivotal moment that basically changes Monad from a mere idea into a functioning infrastructure that can be used for real-world applications.
The technical excellence, well-thought-out market positioning, and advantageous supply factors, altogether, place Monad in a very good position to keep on expanding as the community will be getting more mature over the next weeks and months.
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