Monad (MON) is the native token of the Monad blockchain, an Ethereum Virtual Machine (EVM) compatible layer-1 network that uses a custom Proof-of-Stake (PoS) consensus protocol called MonadBFT. The chain is designed for high throughput, short block times and fast finality while keeping full EVM and Ethereum RPC compatibility so existing Solidity applications can be deployed with minimal changes. MON is the gas, staking and governance asset of the network. At public mainnet launch, the initial MON supply is set at 100 billion tokens, with a mix of unlocked tokens for circulation and ecosystem funding and locked allocations for the team, investors and the Category Labs treasury. Monad (MON) is separate from MON Protocol (also ticker MON), which is a gaming and IP-focused ERC-20 project on other chains.

What is Monad (MON) used for?

**1. Gas and transaction fees** MON is the gas token for the Monad network. Users pay MON to: * Submit transactions * Execute smart contracts * Interact with decentralized applications (dapps) The base component of transaction fees is burned while optional priority fees are paid to validators. This creates inflation from block rewards and a deflationary effect from fee burns. **2. Staking and network security** Monad uses PoS where validators stake MON to participate in consensus and produce blocks. Delegators can stake MON to validators and share in rewards. Consensus is handled by MonadBFT, a HotStuff-style Byzantine Fault Tolerant protocol that targets single-slot finality. At launch: Block rewards start at 25 MON per block, which corresponds to roughly 2 billion MON per year, or about 2% of the initial supply Locked allocations for the team, investors and the Category Labs treasury cannot be staked at first, so early staking power comes from unlocked circulating MON and the ecosystem development pool The Monad Foundation plans to delegate a significant portion of the Ecosystem Development allocation to independent validators during the first year to help bootstrap decentralization. **3. Governance and protocol participation** MON functions as a governance token for the Monad ecosystem. Staked MON is expected to be used to: * Vote on protocol and parameter changes * Signal preferences for ecosystem funding and upgrades * Participate through delegated governance structures supported by the Monad Foundation and ecosystem applications These governance processes are intended to expand as the network and community grow. **4. Ecosystem incentives and development** A large share of MON is set aside for ecosystem growth: * A sizable Ecosystem Development allocation is controlled by the Monad Foundation for grants, liquidity programs, infrastructure support and validator delegation * Public sale and airdrop allocations place MON in the hands of community members and early users so they can transact, stake and participate in governance from launch Projects built on Monad can also use MON as: * Collateral or a base asset in DeFi protocols * A fee or reward token in on-chain games and NFT markets * An incentive for liquidity providers and early adopters These uses depend on third-party applications rather than the base protocol.

Key features of Monad and MON

**EVM and tooling compatibility** Monad is designed to be fully EVM compatible at the bytecode level and to support Ethereum-style RPC interfaces. Developers can deploy Solidity contracts and use tools such as Foundry, Hardhat and MetaMask with only endpoint changes and minor configuration updates. **Parallel execution and performance focus** * Monad’s technical design centers on: * Parallel execution with conflict detection * Pipelining of transaction lifecycle stages * Asynchronous execution decoupled from consensus * MonadDb, a storage layer tuned for high-throughput state access This architecture is built to support high transactions per second, short block times and fast finality while presenting a simple linear chain to applications.

Tokenomics and supply mechanics

From public tokenomics disclosures: * Initial supply: 100 billion MON at public mainnet launch * Unlocked at launch (approximate): * A public portion via token sale and airdrop * An Ecosystem Development allocation managed by the Monad Foundation * Locked at launch: * Investors * Team * Category Labs treasury All under multi-year lockups with at least a one-year cliff and not eligible for staking while locked Supply changes over time through: * Inflation from fixed per-block staking rewards (starting around 2% of the initial supply per year at launch) * Deflation from burning the base component of gas fees Total circulating supply depends on vesting schedules, rewards and network usage.

Who created Monad (MON)?

Monad and MON are developed and stewarded by: * Category Labs, Inc. (formerly Monad Labs), a systems engineering and research company that designs and implements the Monad protocol * Monad Foundation, a separate organization focused on ecosystem growth, token distribution, delegation and governance infrastructure The three co-founders commonly associated with Monad are: * **Keone Hon** – co-founder and CEO, with prior experience leading a trading team at Jump Trading and later work in its crypto division * **James Hunsake**r – co-founder with a background as a technical lead on low-latency trading systems at Jump Trading * **Eunice Giarta** – co-founder with experience in strategy and operations, helping guide the transition from Monad Labs to Category Labs and broader ecosystem work Public funding records show a seed round led by Dragonfly in 2023 and later rounds that brought total funding for Monad Labs / Category Labs into the hundreds of millions of dollars at a multibillion-dollar valuation. These entities and founders are the main contributors behind MonadBFT, the parallel EVM execution engine and the MON tokenomics model.

Monad (MON) Markets

#	Instrument	Exchange	Benchmark Score	Price	24h Change	24h Volume	24h Trades	24h Open	24h High
1	MON-USDT MONUSDT	bybit	A	0.02171USDT	1.21%	98,928,709.60MON	17,267	0.02145USDT	0.02191USDT
2	MON-USD MON-USD	coinbase	AA	0.02168USD	1.39%	44,173,605.00MON	4,506	0.02138USD	0.02188USD
3	MON-USD MONUSD	kraken	AA	0.02168USD	1.45%	17,553,681.23MON	1,561	0.02137USD	0.02187USD
4	MON-USDT MON_USDT	gateio	A	0.02169USDT	1.26%	6,343,804.00MON	2,420	0.02142USDT	0.02191USDT
5	MON-EUR MONEUR	kraken	AA	0.01946EUR	1.30%	4,054,153.92MON	605	0.01921EUR	0.01966EUR
6	MON-USDT MONNEWUSDT_SPBL	bitget	BB	0.02167USDT	1.21%	2,435,840.70MON	581	0.02141USDT	0.02187USDT
7	MON-USDC MON-USDC	okex	A	0.02165USDC	1.64%	1,158,278.20MON	453	0.02130USDC	0.02189USDC
8	MON-TRY MON-TRY	okex	A	1.08TRY	2.37%	360,944.23MON	91	1.05TRY	1.08TRY
9	MON-USD monusd	gemini	A	0.02166USD	-1.15%	195,788.07MON	304	0.02191USD	0.02229USD
10	MON-EUR MON-EUR	okex	A	0.01956EUR	1.98%	165,866.30MON	35	0.01918EUR	0.01956EUR
11	MON-USD MON_USD	cryptodotcom	AA	0.02150USD	0.79%	140,360.00MON	41	0.02133USD	0.02185USD
12	MON-USD monusd	bitstamp	AA	0.02172USD	1.80%	106,188.40MON	49	0.02134USD	0.02188USD
13	MON-EUR moneur	bitstamp	AA	0.01919EUR	-1.43%	1,346.10MON	1	0.01947EUR	0.01947EUR
14	MON-USD MONUSD	cexio	BB	0.02129USD	0.13%	1,190.85MON	1	0.02126USD	0.02129USD
15	MON-USDT MONUSDT	cexio	BB	0.02144USDT	-1.03%	1,190.85MON	1	0.02166USDT	0.02166USDT
16	MON-USDC MONUSDC	cexio	BB	0.02130USDC	-0.67%	840.60MON	1	0.02145USDC	0.02145USDC
17	MON-KRW KRW-MON	upbit	B	29.00KRW	1.75%	26,743,960.57MON	970	28.50KRW	29.40KRW
18	MON-USDT monadusdt	huobipro	C	0.02160USDT	-8.71%	22,056,709.70MON	8,229	0.02367USDT	0.02388USDT
19	MON-USDT MONUSDT	bitrue	D	0.02170USDT	1.26%	9,251,215.90MON	6,184	0.02143USDT	0.02191USDT
20	MON-USDT MONUSDT	mexc	C	0.02171USDT	1.16%	5,181,855.77MON	3,259	0.02146USDT	0.02191USDT
21	MON-USDT MON_USDT	bitunix	C	0.02170USDT	1.17%	4,594,797.00MON	7,621	0.02145USDT	0.02191USDT
22	MON-USDT MON-USDT	bigone	-	0.02168USDT	0.84%	4,490,919.00MON	4,161	0.02150USDT	0.02200USDT
23	MON-TRY MONTRY	btcturk	E	1.08TRY	1.71%	4,036,630.80MON	370	1.06TRY	1.09TRY
24	MON-USDT MON_USDT	bydfi	-	0.02171USDT	1.16%	3,498,412.47MON	2,976	0.02146USDT	0.02191USDT
25	MON-USDT mon_usdt	digifinex	D	0.02169USDT	1.36%	3,389,754.88MON	1,511	0.02140USDT	0.02190USDT
26	MON-EUR MON-EUR	bitvavo	B	0.01947EUR	1.44%	2,868,539.99MON	483	0.01919EUR	0.01962EUR
27	MON-KRW MON_KRW	bithumbkorea	-	29.10KRW	2.00%	2,737,704.50MON	305	28.53KRW	29.33KRW
28	MON-USDT MON_USDT	coinw	-	0.02168USDT	1.23%	2,581,727.12MON	2,542	0.02142USDT	0.02190USDT
29	MON-USDC MONUSDC	mexc	C	0.02166USDC	1.07%	2,390,750.87MON	2,972	0.02143USDC	0.02189USDC
30	MON-USDT MONAD-USDT	bingx	D	0.02169USDT	1.12%	1,859,297.31MON	3,590	0.02145USDT	0.02192USDT
31	MON-USDT MONUSDT	btcturk	E	0.02148USDT	-0.77%	596,947.00MON	51	0.02165USDT	0.02174USDT
32	MON-USDC UMONUSDC	hyperliquid	-	0.02154USDC	0.85%	285,047.10MON	130	0.02135USDC	0.02172USDC
33	MON-USD MONUSD	edxmarkets	C	0.02161USD	0.57%	202,243.38MON	33	0.02149USD	0.02186USD
34	MON-IDR monidr	indodax	E	399.96IDR	-0.01%	37,552.00MON	87	400.00IDR	409.76IDR
35	MON-INR MONINR	coindcx	-	2.24INR	1.77%	33,301.46MON	26	2.20INR	2.24INR
36	MON-KRW MON_KRW	coinone	C	28.68KRW	1.13%	11,743.66MON	6	28.36KRW	28.69KRW
37	MON-KRW mon_krw	korbit	C	28.77KRW	1.59%	5,000.00MON	1	28.32KRW	28.77KRW
38	MON-THB THB_MON	bitkub	C	0.7350THB	5.71%	3,097.33MON	6	0.6953THB	0.7350THB
39	MON-USDT USDT-MON	upbit	B	0.02588USDT	0.00%	0MON	0	0.02588USDT	0.02588USDT
40	MON-BRL MON-BRL	mercadobtc	C	0.1199BRL	12.44%	580.72MON	10	0.1067BRL	0.1200BRL
41	MON-BTC BTC-MON	upbit	B	0.0₆2600BTC	0.00%	0MON	0	0.0₆2600BTC	0.0₆2600BTC
42	MON-USDT MONADUSDT	hitbtc	E	0.02717USDT	0.00%	0MON	0	0.02717USDT	0.02717USDT