Overview
- Hyperliquid listed MON-USD perpetuals by community request, offering up to 3x leverage on the unlaunched token.
- Early trading on the decentralized exchange showed strong activity, including about $28 million in 24-hour volume.
- Perpetual prices imply a roughly $12–13 billion fully diluted valuation based on reporting that assumes a 100 billion MON supply.
- Monad said on X that the claims portal opens Oct. 14 and the airdrop will follow next week, with allocation details still undisclosed.
- Monad’s mainnet and TGE have not occurred as the team continues audits announced in late July following a missed late‑September target; the testnet remains active for user engagement.