what's monad?
Monad is a high-performance Layer 1 blockchain designed to be fully compatible with the Ethereum Virtual Machine (EVM). It achieves up to 10,000 transactions per second with 1-second block times and single-slot finality through innovations like parallel execution, asynchronous execution, a custom state database called MonadDB, and a high-performance consensus mechanism named MonadBFT. This enables low hardware requirements and scalability for decentralized applications, particularly in DeFi, trading platforms, and other blockchain-based services. Monad maintains Ethereum's security and decentralization while addressing its limitations in throughput and efficiency. The project is built by a team with experience in high-frequency trading and has raised significant funding to support its ecosystem growth.
Monad's TVL hit $400M with 200 validators; airdrops and new incentives launch.
Crossed $400M TVL with 200 validators live.
Achieved $1.81M TVL in the GMON liquid staking pool on MagmaStaking with 11.48% current APR.
Distributed third batch of airdrops targeting active DeFi users. Launched Wave 3 of Monad Cards on April 14, 2026, for 1,250 eligible community members.
Gamma V2 will launch incentives program on Monad.
Positioned as a promising new contender for EVM compatibility in the context of high-speed chains for agentic transaction layers and on-chain prototyping.
Total spot trading volumes crossed $10 billion in the week ending approximately April 13, 2026.
Agent0 Subgraphs from The Graph are live on Monad, indexing ERC-8004 trustless agents with over 1 million queries already processed.
Native MON swaps went live in the Ledger Wallet app, allowing users to trade and swap MON tokens directly within the wallet application.
Integrated WalletConnect Pay for payments functionality.
Listed on OKX for US traders.
Has over 14 billion MON staked across the network.
One month after TGE, reached approximately $235 million market cap.
Listed in Grayscale's Q2 2026 "Assets Under Consideration" list.
Achieves 400 ms block times and over 10,000 transactions per second on mainnet.
Added staking support on Gemini exchange, enabling users to stake MON tokens.
24-hour trading volumes on memecoins deployed on Monad increased 5x.
Ranked third among the top 20 trending coins on CoinGecko for the week ending April 10, 2026.
Reached all-time high of $0.037, rallying 20% and trading above ICO price on April 10th, 2026; increased 10.9% to $0.036 on April 14th.
Listed as #6 on CoinMarketCap's Weekly Top Gainers with a +32.72% price increase.
Scheduled unlock of 16.8 billion tokens on 2026-11-01.
Morpho protocol reached $250M in deposits on Monad.
EURW integrated for cross-border payments on Monad.
Adopted ERC-8183 standard for agentic commerce.
Completed Nitro program with over 1,000 applications received and 240+ projects already generating revenue.
Reached 200 globally distributed validators on mainnet.
MON/SOL trading pair becomes available on Pear Protocol.
Balancer deployed a USDC/KTB liquidity pool on Monad, marking Balancer's first FX pool on the network.
Surfcash (surfcashx) went live on Monad on April 8, 2026
Foundation subsidizes dedicated signing devices for protocol teams with at least $2.5M TVL to secure multisig and treasury operations, preventing security failures from shared devices.
Aave confirms no technical blockers for Aave V3.6 deployment in technical analysis.
Crossed $800M TVL, with transactions, fees, and DEX volume increasing since mainnet launch.
Integrated with Skate 1-Click for Morpho's Steakhouse High Yield USDT0 vault deployment.
Coinbase NFT now supports MON and USDC assets on Monad, allowing users to access and send these tokens with their Base Account.
Approximately 70% of blocks are produced by validators running the FastLane sidecar.
Distributes over $40,000 worth of MON daily via incentive claims for stablecoin liquidity pools on TraderJoe's Liquidity Book DLMM.
Released a visual explainer called MIP Land that explains Monad Improvement Proposals, including MIP-8 on page-aware storage for reducing state access costs.
ChainSafeth operates validators for monad as part of its multi-ecosystem validation services across 7 blockchain ecosystems.
Generated $2.5M in combined chain fees to date post-mainnet across five blockchains, with daily fees less than $3,000.
Achieved nearly $3B in combined TVL post-mainnet across five newly launched blockchains including Monad, representing Monad's proportional share of this total.
Added to bridgedgg with 0% fees alongside 10 other chains including Ethereum, BNB Chain, Arbitrum, and Polygon.
Reached $400M TVL in DeFi on the Monad Layer 1 blockchain, including assets counted by multiple protocols across Morpho, Uniswap, and Euler.
Launched agentic payment rails, supporting Machine Payments Protocol (MPP) with a TypeScript SDK.
Curvance reached $100M in deposits on Monad.
Freysa AI launched on Monad, enabling AI agents to scan live events, read the order book, and manage positions.
Achieved a +15.90% price increase over the week ending April 3, 2026, ranking 7th among top gainers on CoinMarketCap.
cbBTC on Monad crossed $25M TVL across Uniswap, Curve Finance, and Morpho.
cbBTC markets are live on Morpho, Uniswap, and Curve Finance on Monad.
Keone will speak at InnovateMiami conference on 2026-05-06 at The Bass in Miami Beach.
Integration with rotki (crypto portfolio tracker) has been completed with the support PR merged.
Integrated Uniswap on the Monad app hub as a top application.
Integrated LeverUp on the Monad app hub as a top application.
Integrated Clober DEX on the Monad app hub as a top application.
Integrated Perp on the Monad app hub as a top application.
Integrated PancakeSwap on the Monad app hub as a top application.
Integrated support for yoETH token on the Monad network.
Added as a supported chain in Wayfinder SDK v0.10.0 alongside MegaETH and Katana, and in hosted OpenClaw service.
Integrated with NEAR Intents Widget through Aurora, enabling direct execution without bridging or network switching.
AmpleHQ launched on Monad.
Captured 1.2% of all social activity across crypto within four months of launch or tracking period.
Integrating with YuzuMoneyX, which is building on Monad.
Conducted a token drop on March 30, 2026.
CoinMarketCap DexScan added complete Holders Data support for pairs on Monad, allowing users to view token supply distribution and wallet metrics.
A vault on Monad (LOAZND on MuDigitalHQ) reached $828K in TVL with a current APR of 22.3%.
Distributed Drop 1 airdrop of 7.1M MON tokens ($161.6K) and gas credits to over 2,000 wallets, with individual rewards up to $500, for Monad NFT holders and active onchain users.
Distributed 8 million MON Drop 2 airdrop to mainnet users.
Co-founder speaking at Cointelegraph Connect: Cannes Edition conference on April 2, 2026.
Chainlink secures 96%+ market share on Monad, representing $124M+ in value.
Participates in OKX's "Agent States" discussion on building the execution layer for AI agents, scheduled for March 31, 2026 at 8:30 AM PT, alongside representatives from Polygon and Arbitrum.
Has approximately $2.5 million in TVL available to apps building on the platform.
RocketX Exchange launched private swaps and bridging on Monad.
Ranked 8th on CoinMarketCap with 7.30% price increase; AltRank jumped 661 spots, reaching LunarCrush Top 10, driven by testnet activity.
Gearbox Protocol offers lending pools on Monad with AUSD yielding 9.59% and USDC yielding 10.87%.
Rise Pay integrated stablecoin payroll functionality on Monad.
Featured in a MITM (Man in the Middle) discussion about Real World Assets on Monad with RWA_xyz.
Runs a fee rebate program on OpenOcean from March 2 to April 2, 2026 (00:00 UTC), offering up to $10 free trades and up to 30% fee rebates paid in USDC, with claim window opening on April 2, 2026 at 00:01 UTC.
Supported on ShurikenTrade's 'Profiles' wallet tracking feature as a multi-chain platform alongside Solana, Base, and BSC.
Listed on PancakeSwap CLM vaults with initial APY of 3,000-4,300%.
Perpl protocol on Monad is among the fastest-growing DeFi protocols on a weekly basis with at least $1M TVL according to DefiLlama data.
Integrated with Wormhole NTT to enable native cross-chain transfers of MON tokens across multiple blockchain networks.
Acquired Ponder to optimize the read layer and improve RPC developer-friendliness. Launched an API for searchers providing information on the next ten validators, including slot numbers, forecasted block numbers, and FastLane sidecar status.
Developed Multiple Concurrent Leaders (MCP) mechanism to mitigate the impact of MEV.
Launched EURW stablecoin as an EU-regulated, euro-backed RWA powered by newrails_xyz on March 25, 2026. Began hosting public token sales in Q1 2026, with volumes remaining very small.
Monad Labs allocated $30M for token buybacks in H1 2026 instead of liquidity incentives or TVL rental programs.
Listed in Grayscale's Q1 2026 Top 20 index for Smart Contract Platforms sector with $0.3B market cap.
Gained 12% to reach $2.4B FDV on March 25, 2026.
Rises in TVL, ranks in top 5 chains by 7-day stablecoin inflow percentage as of March 30, 2026.
Launched mainnet on April 2nd, 2026, as one of five blockchains, with v0.14.0 client, processing TraderJoe's (LFJ) first Public PropAMM and 400-second faster transaction receipts.
Implemented MIP-8, rearchitecting storage trees to reprice gas costs for storage operations and boost EVM performance.
Launched USD1 vault on Morpho, integrating with Nook for 13% net APY.
Scheduled live workshop on March 26, 2026 with Avail Project and Port, covering building on Monad using Avail Project for cross-chain user onboarding.
Reached $5.61M TVL in the AUSD lending pool on Neverland Money platform.
Completed a security contest covering 164,000 lines of code, with the winning team identifying 3 high-severity issues.
OKX adds deposit and withdrawal support for USDC and USDT on the Monad network.
Listed on OKX spot and perpetuals markets, X Drops Club, and for US traders on March 23, 2026.
OKX launched Trade-and-Earn event with 34M MON rewards and 60M MON Flash Earn event.
wsrUSD/USDC market yields around 16% APY.
Morpho's Steakhouse USDC vault reached $65M TVL, now largest permissionless vault; restored liquidity with increased APY; main exposure Reservoir's wsrUSD.
Integrated Balancer LP (BPT) tokens as collateral for the AUSD/USDC/USDT pool through Euler lending layer with Alpha Growth.
Integrated with Virtuals Protocol for agent commerce and native transactions, with Virtuals Protocol powering agent commerce across XLayer, BNB Chain, Ripple, and World Chain.
Hard forked to MONAD_NINE on 2026-03-19, introducing MIP-3, MIP-4, MIP-5, and linear memory expansion costs to rationalize gas costs.