Monad

Monad

MON #121
% L1 Protocol Watch

Project Safety Score

Updated 1 day, 17 hours ago
MonadMON
Market Cap$404438817
24hr Volume$56089102
24hr Change-0.2%
Price$0.03422674
Coverage: 5 buckets · 100% resolved · raw mean 43.0 (post-coverage penalty: )
Concerns raised - see Red Flags below
Scoring rubric: L1 / Protocol Coin - scored on network security, adoption, dev health, economic design, governance
Track
Record
62 B
100% · medium
Developer
Health
0 F
100% · medium
Network
Security
47 CCC
100% · medium
Social
Behavioral
55 CCC
80% · low
Adoption
& Liquidity
52 CCC
100% · high

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MON Monad Details
Type
Layer 1 (L1)
Launched
2025
HQ
San Francisco, USA
Team
Doxxed
Smart Contract PlatformLayer 1 (L1)Animoca Brands PortfolioParallelized EVMeGirl Capital PortfolioParadigm PortfolioCoinbase Ventures PortfolioGalaxy Digital Portfolio

Monad is a Layer 1 blockchain platform founded in 2023 that supports a throughput of 10,000 transactions per second with minimal fees. Its architecture enables parallel execution of transactions rather than the sequential processing typical of traditional blockchains. This design separates the agreement and execution phases, allowing for efficient consensus while maintaining system accuracy.

Monad is fully EVM compatible, enabling Ethereum applications to operate without modifications. The platform can be accessed through standard wallets like MetaMask. Monad has raised approximately 244 million dollars in funding, including a 19 million dollar seed round in February 2023 led by Dragonfly Capital and a 225 million dollar Series A round in April 2024 led by Paradigm at a valuation of 3 billion dollars. Other investors include Electric Capital, Greenoaks, and Coinbase Ventures.

Risk Report

Cryptocurrency carries risk. Every project listed on this site, regardless of its score, operates in a volatile and largely unregulated market. Tokens can lose most or all of their value. A high score reflects lower structural risk based on the data we can measure. It does not mean a project is safe, that the price will hold, or that losses are unlikely. Always research independently and never commit money you cannot afford to lose.

Track record score 62 out of 100. This score indicates a relatively moderate historical performance, with the project being operational for 1.3 years. There have been no regulatory actions against it, which is a positive factor. However, a historical incident coupled with several concerns raised by research needs to be considered by potential investors.

Economic design score 40 out of 100. This score highlights certain vulnerabilities in the project's structure, particularly due to the lack of a hard supply cap, which raises concerns about potential inflation. Additionally, only 12% of the total supply is currently circulating, indicating that a significant amount remains locked or unreleased, which can influence market dynamics.

Developer health score 0 out of 100. This score reflects a concerning lack of activity, showing no GitHub stars, forks, or recent commits. The absence of contributions in the last four weeks is particularly alarming and raises questions about the project's ongoing development and support from its developer community.

Network security score 48 out of 100. This score implies a relatively average level of security, with a market cap of approximately $344 million. The project is relatively young at 1.3 years old and does have a recorded historical incident, which could pose potential risks for users and investors.

Social behavioral score 55 out of 100. While the project has a presence on social media platforms like Twitter, Telegram, and Discord, the audience data is limited, particularly on Twitter. Sentiment appears balanced, but the project has faced bad press and a historical hack, prompting a need for careful evaluation.

Adoption liquidity score 49 out of 100. The project shows moderate activity with a 24-hour trading volume of approximately $37.9 million and is listed on 38 centralized exchanges, 25 of which are considered trustworthy. However, the market cap tier remains low, indicating limited adoption and liquidity at this stage.

Overall, while Monad presents some intriguing elements, the project is also marked by risks intrinsic to the crypto sector. Investors should approach with caution, considering the elevated risk factors such as lack of developer activity, historical incidents, and economic vulnerabilities.

  • Keone Hon - CEO LinkedIn ↗
    Prior: Jump Trading, Jump Crypto
    Led high-frequency trading teams at Jump Trading before transitioning to blockchain research.
  • James Hunsaker - CTO LinkedIn ↗
    Prior: Jump Trading
    Worked alongside Keone Hon at Jump Trading.
  • Eunice Giarta - Co-founder LinkedIn ↗
    Prior: MIT Media Lab, Shutterstock, Broadway Technology
    Held product leadership roles at Shutterstock and Broadway Technology.
View whitepaper ↗ (2025)
Quality: high
Max supply: 100,000,000,000
Team allocation: 50.0%
Next unlock: 2026-11-24
  • spoofed_token_transfer 2025-11-26
    Fake ERC-20 token transfers appeared on Monad’s blockchain explorers, mimicking real transactions. CTO James Hunsaker confirmed these were deceptive smart contracts, not a protocol exploit, and no assets were lost.
  • High-performance blockchain with 10,000 transactions per second
  • Strong backing from reputable investors
  • Experienced founding team from Jump Trading and MIT Media Lab
  • Chain is less than 2 years old
  • Project has a history of hacks or exploits
  • No recent code commits
  • No hard cap on total token supply
  • Less than 50% of supply is circulating
  • 50% of token supply allocated to team and insiders
  • MON launched below its pre-sale price

Price Chart - Monad

View on Chain

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71%
Profile Status
Data completeness
Some data missing
High confidence

Technical Analysis

Buy / Sell signals

Market Stats

All-Time High$0.05
All-Time Low$0.0164
Circulating11825165000
Total Supply100682925000

Community Sentiment

👍 73% 27% 👎

Crypto Fear & Greed Index

Crypto Fear & Greed Index Source: alternative.me

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