MON (Monad) increased by 10.84% in the past 24 hours

Gate News Bot Message, December 17th, according to CoinMarketCap data, as of press time, MON (Monad) is currently priced at $0.02, up 10.84% in the past 24 hours, with a high of $0.03 and a low of $0.02. The 24-hour trading volume reached $149 million. The current market capitalization is approximately $233 million, an increase of $22.8 million compared to yesterday.

Monad is a high-performance EVM-compatible public chain built for scalability, offering 10,000 TPS transaction throughput, sub-second finality, low transaction fees, and scalable decentralization. The chain is fully compatible with EVM at the bytecode level, with Solidity contracts, EVM addresses, infrastructure, tools, and libraries ready to use out of the box. Monad employs a custom database and low system requirement design, allowing validators to run nodes on consumer-grade hardware, achieving true decentralization from day one, and gradually expanding the global network as demand grows.

Important recent news about MON:

1️⃣ On-chain ecosystem activity continues to decline Monad’s on-chain transaction fee revenue has been below $5,000 for five consecutive days, with only $3,824 on December 15th. Compared to the peak of $42,300 on November 25th, the current on-chain fee revenue has dropped by over 90%, reflecting a significant contraction in on-chain application activity and transaction volume. This indicator typically reflects the actual usage and ecosystem development of the public chain. The persistently low fee revenue indicates that the transaction demand generated by current ecosystem applications remains insufficient.

This message is not investment advice. Please be aware of market volatility risks.