In a highly competitive Layer 1 market, a buzz is brewing around Monad, a new player in the crypto community. With its mainnet set to launch at 80% readiness, its native token MON has made waves in perpetual contract markets, debuting on Hyperliquid and already trading at around $0.15, boasting a staggering $15 billion fully diluted valuation pre-official launch.
The promise of Monad is ambitious: solving the blockchain trilemma by simultaneously offering scalability, security, and decentralization. Its main innovation lies in introducing parallel execution for the EVM (Ethereum Virtual Machine).
This technical breakthrough would allow Monad to achieve a theoretical capacity of 10,000 transactions per second (TPS), shattering Ethereum’s current performance while maintaining complete compatibility with its ecosystem. Developers can migrate their applications without friction, benefiting from exponentially increased computing power.
Hyperliquid has just announced the launch of the MON token with 3x leverage, serving as a barometer for market appetite. MON currently has a fully diluted valuation of $14 billion even before the mainnet is fully operational, demonstrating the immense anticipation surrounding the project. This valuation immediately places Monad in the same category as giants like Solana or Avalanche during their early days.
The current price of $0.14 could well be just a starting point. Conversely, any downturn could be as spectacular as the initial enthusiasm, with increased volatility often occurring during token launches.
For now, Monad stands as the most anticipated L1 project of this year-end. It’s a high-risk bet, but with equally high potential.
More importantly, this signals that the token launch on platforms like Bitget is imminent. With a mainnet that’s 80% complete, it will be crucial to closely monitor listing announcements for the MON token. A MON price of $1 seems more than possible, which would offer a 6x return from its current price.
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Charles Ledoux is a Bitcoin and blockchain technology specialist. A graduate of the Crypto Academy, he has been a Bitcoin miner for over a year. He has written numerous masterclasses to educate newcomers to the industry and has authored over 2,000 articles on cryptocurrency. Now, he aims to share his passion for crypto through his articles for InvestX.
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