Markets

The native token of the newly launched Layer-1 blockchain, Monad, suffered further losses on Thursday amid volatility that has plagued the token since its debut roughly three days ago. The crypto is down 15% over the last 24 hours to $0.03 after dropping from $0.04 late into the U.S. trading session. It remains up 47% since its November 25 debut, thanks mainly to its solid rise from an opening price of around $0.02, according to CoinGecko data. Some signs point to early token holders booking pro...

Coins

Bad actors began spoofing token transfers on Monad less than two days after the network and its MON token officially went live on Monday, and within a day of airdropped and publicly sold tokens becoming accessible to users during the chain’s first period of liquidity and onboarding. The spoofing was first reported by Monad CTO and co-founder James Hunsaker, who noted that the transactions appeared as standard token transfers on explorers, despite no movement of funds or signatures from the walle...

Markets

The price of Monad’s native cryptocurrency rose on Tuesday, following a long-anticipated airdrop that initially underwhelmed a number of speculators. The token, which can be used to pay for transaction fees or secure the layer-1 network through staking, recently traded hands at $0.042, up 19% from a day before, according to crypto data provider CoinGecko. MON's recent price marked a 68% increase from its initial price of $0.025 on Monday, which was the token’s going rate during a recently conduc...

Opinion

Morning Minute is a daily newsletter written by Tyler Warner. The analysis and opinions expressed are his own and do not necessarily reflect those of Decrypt. Subscribe to the Morning Minute on Substack. GM! Today’s top news: Crypto majors rallied hard on Monday along with stocks; BTC at $87,400 White House launched Genesis Project as Manhattan Project for AI Monad debuted its MON token + mainnet; MON at $3.9B fdv Saylor’s Strategy did not announce any buys; BMNR passed 3% of ETH supply MetaMas...

Markets

Monad completed its long-awaited airdrop of MON tokens on Monday, giving recipients access to millions of dollars worth of cryptocurrency alongside its blockchain’s debut. Earlier this month, the much-hyped competitor to Ethereum and Solana saw around 76,000 wallets claim MON for free, but people couldn’t touch their holdings immediately because the network hadn’t yet launched. At the time, Monad said 3.33 billion MON tokens were claimed by the network’s users, builders, and members of Monad’s c...

Coins

Major centralized crypto exchange Coinbase is set to launch a new platform for digital token offerings. It plans to conduct one token sale a month on the site, with emerging blockchain Monad set to be the first, commencing next week. Investors will be required to submit purchase requests using the USDC stablecoin over a one-week period. Then an algorithm will determine the token allocation with the aim of achieving broad distribution to the most loyal buyers, Coinbase told The Wall Street Journa...

Markets

Layer-1 blockchain Monad will launch its mainnet and MON token on November 24, the network's foundation announced on Wednesday, with the token airdrop for early users expected to take place alongside the rollout. The Solana and Ethereum competitor has raised more than $240 million to bring its highly scalable network to fruition, highlighted by a $225 million raise led by crypto venture fund Paradigm last year.  Founded in 2022, the Ethereum Virtual Machine-compatible network launched its testne...

Coins

Monad, an upcoming layer-1 blockchain network designed to rival Solana and Ethereum, shared further details of its upcoming MON token airdrop on Tuesday, including outlining the community recipients and opening an eligibility checker.  Eligible users may be able to see their allocation as early as October 28, though the claim will remain open until November 3—at which point it is expected that the token will be claimable.  “This airdrop allocates tokens to 5,500 members of the Monad community, a...

Coins

The first step of Monad’s long-awaited token airdrop is finally arriving next week, the project announced Thursday. The Monad airdrop claim portal will open for users on Tuesday. The project has not yet revealed details about eligibility requirements for receiving allocations of the Monad token, MON, nor has it unveiled information about the token’s supply or planned release schedule. The much-hyped Ethereum and Solana competitor is also widely expected to launch its mainnet in tandem with the M...

The Projects

A new layer-1 blockchain is set to rival Ethereum and Solana. Here’s how you can prepare.  After years of building and more than $225 million raised, Monad officially unveiled its testnet on February 19.  The high-performance Ethereum Virtual Machine layer-1 network aims to rival the speed and scalability that Solana offers, while interacting with the vast Ethereum ecosystem and its applications and protocols.  It does so by using parallel execution, in other words, executing transactions that d...

Gaming

Ethereum NFT game Fantasy Top is expanding from layer-2 network Blast after its buzzy launch last year. On Wednesday, the developers announced that a free-to-play version of the game will debut on the just-launched testnet of new layer-1 blockchain, Monad.  The game, which mirrors traditional fantasy sports, replaces football and basketball stars with the top crypto social media personalities on X (formerly known as Twitter) that it calls “heroes.” For example, like athletes earn for performance...