Particle.news
Download on the App Store

Monad Sets Nov. 24 Mainnet and MON Token Launch as Kraken Confirms Day-One Listing

Backed by Paradigm funding, the EVM-compatible chain touts high throughput with near-zero fees.

Overview

  • An airdrop to early users is slated to coincide with launch after anti-sybil screening identified roughly 225,000 eligible wallets and the claim window closed on Nov. 3.
  • Unofficial pre‑market trading on Hyperliquid shows MON around $0.06 with more than $14 million in 24‑hour volume, reflecting speculative interest ahead of listings.
  • The project targets about 10,000 transactions per second, near‑zero gas fees, and roughly 800 millisecond finality while maintaining Ethereum tooling compatibility.
  • Monad reports a 100 billion total token supply, though full tokenomics and final distribution details have not yet been published.
  • The network has raised over $240 million, including a $225 million round led by Paradigm, following a 2025 public testnet that helped determine airdrop eligibility.