MON (Monad) 24-hour pump 5.40%

Gate News Bot news, on December 24, according to CoinMarketCap data, as of the time of writing, MON (Monad) is currently priced at 0.02 USD, with a rise of 5.40% in the last 24 hours, reaching a high of 0.02 USD and a low of 0.02 USD. The current market capitalization is approximately 222 million USD, an increase of 11.4 million USD compared to yesterday.

Monad is the next generation Ethereum-compatible public chain, dedicated to achieving breakthroughs in high-performance blockchain. This chain offers a throughput of 10,000 TPS, sub-second finality, low fees, and scalable decentralization, combining speed, familiarity, and a frictionless experience.

Monad is fully compatible with EVM at the bytecode level, allowing Solidity contracts, EVM addresses, infrastructure, tools, and libraries to be used out of the box, enabling developers to quickly build without learning a new tech stack. At the same time, MON uses a custom database and low system requirements design, allowing validators to run nodes on consumer-grade hardware, achieving true decentralization.

MON Recent Important News:

1️⃣ The financing enthusiasm for ecological DeFi projects is rising Monad ecosystem Perp DEX LeverUp, as the first PancakeSwap Launchpad project, has gained immense market attention for its token $LV, setting a record with a 678 times oversubscription, with a total subscription amount of 61 million USD. The project's token broke through $0.065, reaching a historical high, with the FDV surpassing 64 million USD, and the final airdrop season has been launched. The LeverUp protocol consistently maintains the top position in Monad's native dapp revenue, and the trading competition launched in conjunction with PancakeSwap further enhances ecological activity.

2️⃣ On-chain ecosystem application deployment continues to deepen The top ten projects by TVL on Monad have formed a tiered distribution, with Morpho Labs leading with a TVL of $90.3 million, followed by upshift_fi ($82.3 million), and Curvance ($57.9 million), as well as well-known DeFi protocols such as Uniswap, Gearbox Protocol, and Curve Finance. This indicates that Monad is attracting an increasing number of mature DeFi ecosystem projects to deploy, bringing ample liquidity and financial support for on-chain applications.

3️⃣ Market Heat Ranking Significantly Rises In the popularity ranking of the past week, MON ranked among the top three in market popularity, second only to SmarDex. On December 17, MON rose by 10.84% within 24 hours, with a trading volume reaching $149 million and a market capitalization increase of $22.8 million, reflecting the market's continued attention and strong influx of funds into the Monad chain.

This message is not intended as investment advice; investors should be aware of market volatility risks.