MON#145multi
Monad
Where to buy MON
Trade Monad on a supported exchange.
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Risk signals
Key risks surfaced in review. See Risks & controversies below for the sourced detail.
- Airdrop portal exploitHigh
Vulnerability in the Monad airdrop claim portal enabled attackers to bind user allocations to attacker-controlled wallets.
- Spoofed token transfersMedium
Spoofed ERC-20 token transfers appeared on the Monad network shortly after mainnet launch.
- Testnet consensus haltLow
Monad testnet was suspended due to failure to reach consensus at an epoch boundary.
- Large team allocationMedium
27% of initial supply allocated to team with 3-4 year vesting and 50.6% total supply locked at launch.
Monad wiki
First drafts are compiled automatically from public and primary sources, with every claim cited. Anyone can propose edits, and every change is reviewed against primary sources before it goes live.
Background
Updated by Tokenica
Monad is a high-performance EVM-compatible Layer 1 blockchain designed for scalability, with features including up to 10,000 TPS, 0.3s block times, and 0.6s finality while maintaining full compatibility with Ethereum tools and smart contracts. It launched its public mainnet on November 24, 2025, with no documented predecessor projects or pivots. The native MON token serves as the utility and governance asset, used to pay gas fees, enable staking for network security, support governance, and fund ecosystem initiatives.
Risks & controversies
Updated by Tokenica
In November 2025, a vulnerability in the Monad airdrop claim portal enabled attackers to bind user allocations to attacker-controlled wallets, with multiple recipients reporting missing shares (Cointelegraph via SlowMist reports). Shortly after mainnet launch, spoofed ERC-20 token transfers appeared on the network, as noted by Monad CTO James Hunsaker (Decrypt/Yahoo Finance). In May 2026, an admin key compromise on the Echo Protocol deployment on Monad allowed minting of approximately 1,000 unauthorized eBTC tokens (~$76.7 million nominal value), resulting in realized losses of about $816,000 due to low liquidity (CoinDesk, Bitcoin.com, CryptoRank). Earlier, the Monad testnet was suspended in March 2025 due to failure to reach consensus at an epoch boundary (ChainCatcher). No hacks or material security breaches to the Monad network itself were reported as of the November 2025 Coinbase token sales disclosure.
Team
Updated by Tokenica
- Keone HonCo-Founder & CEO
- Eunice GiartaCo-Founder & COO
- James HunsakerCo-Founder & CTO
Tokenomics
Updated by Tokenica
MON is the native token of the Monad protocol with an initial total supply of 100 billion tokens at Public Mainnet launch. Allocations are 7.5% public sale, 3.3% airdrop, 38.5% ecosystem development (stewarded by the Monad Foundation), 27% team, 19.7% investors, and approximately 4% Category Labs treasury. At launch, approximately 10.8% enters public circulation (public sale and airdrop) with an additional 38.5% ecosystem allocation unlocked but foundation-stewarded, for a total of 49.4% unlocked and 50.6% locked; locked tokens are subject to minimum one-year lockups with team and investor vesting typically spanning 3-4 years (investors: 4-year schedule with 1-year cliff and monthly unlocks), and all initial locked supply is expected to unlock by Q4 2029. The supply is inflationary at approximately 2 billion MON per year via fixed block rewards for validators and stakers, offset by burning of base transaction fees; MON is used to pay transaction fees and for staking to secure the network.
Timeline
Updated by Tokenica
- 2022Monad Labs FoundedKeone Hon co-founded Monad Labs to develop a high-performance EVM-compatible Layer 1 blockchain.
- Feb 14, 2023$19 Million Seed Funding RoundMonad raised $19 million in its seed round to support development of the Monad blockchain.
- Apr 9, 2024$225 Million Funding RoundMonad secured $225 million in funding led by Paradigm to advance its scalable EVM network.
- Feb 19, 2025Public Testnet LaunchMonad launched its public testnet, enabling developers to test high-throughput applications and processing billions of transactions.
- Nov 17-22, 2025Coinbase Public MON Token Sale7.5% of MON supply was offered publicly via Coinbase at $0.025 per token ahead of mainnet.
- Nov 24, 2025Public Mainnet and MON Token LaunchMonad mainnet went live with 100 billion MON token supply, accompanied by an airdrop, enabling gas payments and staking.
Products
Updated by Tokenica
- High-performance EVM-compatible Layer 1 blockchain with parallel execution achieving 10,000 TPS, 0.3s block times, and 0.6s finality.
- Official cross-chain bridge connecting Monad to Ethereum and Solana, powered by Wormhole's NTT standard.
- Official service providing testnet MON tokens for development and testing purposes.
Links
Updated by Tokenica
- officialWebsite
- docsDocs
- githubGitHub
- twitterTwitter
- discordDiscord
- discordDeveloper Discord
- officialApp
- twitterEcosystem Twitter