The crypto ecosystem welcomes one of the most anticipated events of the year today with the Monad mainnet launch, positioning the project with a fully diluted valuation (FDV) of 3.9 billion dollars. Keone Hon, CEO of Monad Labs, highlighted that this infrastructure seeks not only speed but to redefine global scalability through real parallel execution. The rollout marks the official start of operations for its native token, MON, across multiple platforms.
This new Layer 1 blockchain, compatible with the Ethereum Virtual Machine (EVM), promises a theoretical capacity of 10,000 transactions per second (TPS). Regarding the initial distribution, launch reports confirm that 3.3% of the total supply was allocated to over 225,000 verified users. Furthermore, the public sale reference price was set at 0.025 USDC, a key figure analysts use to project actual market capitalization against speculative expectations.
The context of this debut is critical, as Monad attempts to solve the scalability trilemma without sacrificing compatibility with existing Ethereum tools. Although the 3.9 billion dollar figure circulates widely, divergent estimates place the potential value between 2.5 billion and more ambitious targets of up to 25 billion. This disparity forces investors to closely review vesting schedules, given that a blockchain with high valuation and low initial revenues faces historical risks of overvaluation.
On the other hand, market infrastructure is already showing signs of high activity, with exchanges like Coinbase preparing perpetual contracts for the MON token. This suggests immediate liquidity but also warns of potential volatility derived from derivatives speculation. The discrepancy between circulating supply and fully diluted total could generate selling pressure, especially if initial holders decide to capitalize on their gains quickly given the lack of sustained organic demand in the first weeks.
Do technical fundamentals justify such a high initial valuation?
The implications for traders are clear: monitoring open interest and exchange liquidity will be decisive in assessing slippage risk. A recent sector report warned that few venture-backed projects manage to sustain multi-billion dollar valuations without real economic activity backing the price. Therefore, attention will focus on whether Monad manages to attract genuine applications and transactional volume beyond initial speculation.
Finally, Monad’s debut combines ambitious technical specifications with a fragmented valuation narrative that demands caution. As the network stabilizes after this November rollout, success will depend on real adoption by developers and users. It is expected that the coming days will define MON’s actual price range, moving away from theoretical projections to settle on a consolidated market value.
