2025-12-05 13:53:45

The Monad mainnet has been live for just over a week, and nearly 50,000 tokens have already sprung up on the chain—an astonishing speed. Especially in those first two days, 21,000 tokens were created right off the bat; it was like opening the floodgates.

But the hype came and went quickly. Looking at the DEX data, daily trading volume has dropped from $60 million at launch to less than $15 million now, a decline of over 70%. Although the number of trading addresses has accumulated to 225,000, the drop in trading volume is still quite apparent.

From the data dashboard, you can see that the Monad ecosystem is currently in a "lots of people but less money" state. The early wealth effect is fading, and now it’s up to these project teams and users to settle in and build something substantial. After all, relying solely on token hype is hardly sustainable in the long run.

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probably_nothing_anon

· 19h ago

It’s the same old story again. Just a couple of days ago, there were shitcoins everywhere, and now, even with trading volume dropping like this, people are still hyping it up?

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ColdWalletGuardian

· 12-08 01:18

50,000 coins in two weeks, that's insanely competitive.

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MultiSigFailMaster

· 12-07 04:52

Same old trick again: a hype at launch and then it dies. Out of fifty thousand tokens, how many are just straight-up rug pulls? Hilarious.

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AlwaysMissingTops

· 12-05 14:22

Ha, it's the same old trick again. With tokens being issued so quickly, we should have seen it coming. Yet another big dump followed by crazy farming, with trading volume slashed so many times over—this is the real death curve. What's the point of just relying on hype? Without real substance, it'll inevitably cool off sooner or later. No matter how many people there are, if the money leaves, it's all for nothing. Early sellers made a profit, and those who came in later are just bag holders. This Monad wave just feels like the same old hype game from those Silicon Valley folks. Now there's no one left to take over the bag, and whether the project team can even survive is another question.

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GrayscaleArbitrageur