Monad Price MON

Monad is a high-performance Layer 1 blockchain that processes 10,000 transactions per second with near-zero fees. The platform delivers high performance without compromising on security or decentralization, creating the infrastructure needed for complex applications that require high-frequency activity.

One of Monad’s key innovations lies in how it handles transaction processing. Instead of processing transactions one at a time like traditional blockchains, Monad processes multiple transactions simultaneously through parallel execution.

The system separates the agreement process from the execution process, allowing validators to first agree on which transactions to include and in what order, then having more time to execute those transactions without slowing down consensus. This approach, combined with a custom-built database called MonadDB, dramatically increases throughput while maintaining accuracy.

Monad also offers complete EVM compatibility, where applications built for Ethereum work on Monad without any code modifications, and users can connect with familiar wallets like MetaMask just as they would on Ethereum. Developers can immediately tap into Ethereum's established ecosystem of tools, libraries, and applications while benefitting from Monad’s performance improvements. The platform also runs on consumer-grade hardware rather than expensive specialized equipment, making it accessible for more people to participate in securing the network.

Monad has raised approximately 244 million dollars in total funding across multiple rounds. The company secured 19 million dollars in a seed round in February 2023 led by Dragonfly Capital, followed by a 225 million dollar Series A round in April 2024 led by Paradigm at a 3 billion dollar valuation. Other notable investors include Electric Capital, Greenoaks, Coinbase Ventures, and prominent angel investors such as Naval Ravikant.

Categories: Smart Contract Platform · Layer 1 (L1) · Animoca Brands Portfolio · Parallelized EVM · eGirl Capital Portfolio · Paradigm Portfolio

Monad has a circulating supply of 11,825,165,000 MON with no fixed maximum supply, and a total supply of 100,682,925,000 MON. Its fully diluted valuation is $3.11B.

You can buy Monad (MON) on major exchanges such as Binance, Coinbase, Kraken, Bybit and OKX. In Nigeria, MON is also available via local exchanges and P2P — see our MON in naira page. Always compare fees and use reputable platforms.

One MON costs about ₦43.15 to buy on Nigerian P2P markets and sells for about ₦42.83. The P2P USDT/NGN rate (₦1,365) sits 2.5% above the official USD/NGN rate of ₦1,331.28, so dollar-priced crypto effectively carries that spread when you buy with naira.