Monad tops $350 million TVL milestone as low fees, falling FDV signal caution
The Block
Monad reached $355 million in TVL, but low fee generation and a declining FDV raise concerns about the network's long-term sustainability.Summary
The Monad blockchain has surpassed $355 million in total value locked (TVL), marking rapid growth since its November 2025 mainnet launch. Despite this milestone, the network faces skepticism due to its low daily fee generation, which remains under $3,000. Analysts warn that if fee revenue does not scale with TVL, Monad risks becoming a chain where capital sits idle rather than generating productive yield. Furthermore, the MON token's fully diluted valuation (FDV) has dropped approximately 50% from its peak, reflecting market caution regarding the platform's long-term economic viability.
(Source：The Block)