Monad mainnet launches with 50.6% of total MON token supply initially locked
The Monad mainnet has launched, following a MON token sale that raised $269 million, with 50.6% of the total supply initially locked.Summary
The Monad high-throughput blockchain mainnet launched on Monday after several weeks of MON token distribution, including a public sale conducted on Coinbase's new ICO platform that raised approximately $269 million from over 85,820 participants.
Tokenomics reveal that 50.6% of the total MON supply will be initially locked, comprising tokens allocated to the team, investors, and the treasury, with unlocks scheduled to begin in the second half of 2026. Approximately 38.5 billion tokens will be immediately circulated for ecosystem development.
The network is EVM bytecode-compatible and aims to deliver speed, security, and usability, achieving transaction finality in about 400 milliseconds using optimistic parallel execution. Several established crypto projects, including MetaMask, Phantom, Curve, Uniswap, and stablecoins like USDC, are live on the mainnet at launch. Monad development, which began in 2022, has raised at least $225 million from backers like Coinbase Ventures and Paradigm.
(Source：The Block)