Overview

• Traders can now long or short the unlaunched MON on Hyperliquid with up to 3x leverage via MON-USD perpetuals.
• Monad’s mainnet and token had not launched as of Oct. 8, and the project has not announced a token generation event date.
• Monad entered an audit in late July, and analysts cite roughly four-month audit-to-mainnet timelines for comparable Layer-1s, pointing to November or later as a plausible window.
• The Monad testnet, live since February, continues to allocate small amounts of testnet MON based on activities and role-based criteria such as Discord access and on-chain holdings.
• Hyperliquid’s listing provides pre-launch exposure without requiring the token and is presented as a community-driven move that could differentiate the platform from competitors.