MON slashed by half upon launch? On-chain data outperforms Arbitrum

SignatureVerifier

2025-12-03 09:40:21

Abstract generation in progress

[Crypto World] MON’s launch was quite a ride. It doubled straight from the $0.025 issue price, but before you could even catch your breath, it dropped right back down, giving up all its gains.

But the on-chain data is pretty impressive—this EVM Layer 1, which focuses on parallel processing, has only been live for a week and DeFi TVL has already surged to $151 million, ranking 36th. While it can’t match the scale of chains like Plasma, the activity is off the charts: over 19 million transactions processed last week, outpacing both Arbitrum and Avalanche.

While the price went on a rollercoaster, on-chain activity is booming. Monad’s performance this round is honestly a bit split.

MON-8.46%

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.

17 Likes

Reward
17
6
Repost
Share

Comment

0/400

BlindBoxVictim

· 8h ago

The price may have crashed, but with such strong on-chain data, why is it still getting dumped? I don't think it's a project issue; it's just retail investors getting rekt.

View OriginalReply0

RadioShackKnight