Monad is a high-performance blockchain designed to power the next generation of online financial systems, applications, and economies.

How does Monad operate?

Monad operates as a Layer-1 blockchain with a focus on high performance, achieving a throughput of 10,000 transactions per second and supporting Ethereum-compatible applications.

What are the key technical features of Monad?

Monad is designed for scalability and decentralization, supporting the Ethereum Virtual Machine (EVM) and enabling the deployment of decentralized applications.

What are the risks associated with transferring Monad (MON)?

Users should verify the asset and network before transferring assets, as digital asset prices can be volatile and transfers may be irreversible.

How can I verify the acquisition of Monad (MON)?

Verify the asset name, network, and destination details before transferring. Ensure the destination address is correct and understand the custody method.

Monad (MON)

Rank #106

Market snapshot

Price: $0.022686
Market cap: $268.3M
24h volume: $25.8M
Circulating supply: 11,825,165,000
Total supply: 100,682,925,000
Max supply: 114,166,666,695

What is Monad?

Monad is a high-performance blockchain that powers the next generation of online financial systems, applications, and economies. It is designed to deliver high performance and true decentralization, functioning as an Ethereum-compatible Layer-1 blockchain.

How Monad works

Monad operates as a Layer-1 blockchain, achieving high performance with a throughput of 10,000 transactions per second (tps). It is built to scale effectively using commodity hardware, allowing for decentralized applications to thrive within its ecosystem. The blockchain is compatible with the Ethereum Virtual Machine (EVM), facilitating the deployment of smart contracts and decentralized applications.

Key information

Symbol: MON
CMC rank: #106
Network / platforms: Monad, Solana
Categories: N/A
Date added: Jul 4, 2024

Token contracts on other networks

Contract addresses are stored from CoinMarketCap metadata and are shown as recorded. CoinLoom does not independently certify them as official.

Solana
CrAr4RRJMBVwRsZtT62pEhfA9H5utymC2mVx8e7FreP2

Key characteristics

Monad is designed with a focus on performance and scalability, enabling high throughput and true decentralization. It is an Ethereum-compatible Layer-1 blockchain, which allows developers to build and deploy applications seamlessly. The architecture supports the efficient operation of decentralized finance (DeFi) applications and other blockchain-based services.

Official resources

Risks

Digital asset prices can be volatile and can change materially. Users should verify the contract address and network before transferring assets. Self-custody requires secure private-key and recovery-phrase handling. Centralized platforms can involve operational, custody, and counterparty risk. Availability and regulatory treatment can vary by jurisdiction. Transaction finality and reversibility can differ by network.

Transfer and custody notes

Verify the asset name, network, and the destination details before transferring. Verify destination address and network before sending assets. Review the custody method, including self-custody versus a third-party platform. Understand that transfers may be irreversible and that CoinLoom does not confirm exchange availability.

FAQ

What is Monad (MON)?: Monad is a high-performance blockchain designed to power the next generation of online financial systems, applications, and economies.
How does Monad operate?: Monad operates as a Layer-1 blockchain with a focus on high performance, achieving a throughput of 10,000 transactions per second and supporting Ethereum-compatible applications.
What are the key technical features of Monad?: Monad is designed for scalability and decentralization, supporting the Ethereum Virtual Machine (EVM) and enabling the deployment of decentralized applications.
What are the risks associated with transferring Monad (MON)?: Users should verify the asset and network before transferring assets, as digital asset prices can be volatile and transfers may be irreversible.
How can I verify the acquisition of Monad (MON)?: Verify the asset name, network, and destination details before transferring. Ensure the destination address is correct and understand the custody method.

Related cryptocurrencies

View all cryptocurrencies