MON 24-hour increase of 5.59%, Monad ecosystem activity becomes the driving force

According to the latest news, MON (Monad) has increased by 5.59% in the past 24 hours, currently trading at $0.03, with a market capitalization of approximately $299 million, an increase of about $15.8 million from yesterday. The 24-hour trading volume reached $118 million. This surge is not an isolated event but a reflection of the rapid development of the Monad ecosystem. From the popularity of chain games to liquidity incentives, multiple factors have jointly driven this upward movement.

Price Performance and Market Activity

As of now, MON’s recent performance has been relatively stable. It has increased by 7.48% over 7 days and 3.62% over 30 days, showing a continuous upward trend. Although there was a slight decrease of 0.17% within 1 hour, this is within normal market fluctuation ranges. The trading volume remains high, indicating growing market participation.

Ecosystem Activity Becomes the Main Driving Force

Outstanding performance of chain game ecosystem

Lumiterra, as the most active chain game project within the Monad ecosystem, recently completed its first season of the survival game, demonstrating impressive data. During this event, the platform attracted 87,000 active accounts and 15,000 actual players, generating 440,000 transactions. The in-project token LUMI had a deposit volume of 14.7 million and a trading volume of 18.7 million. These figures reflect an increase in real user activity on the Monad chain. The popularity of chain games often boosts the attention of the entire ecosystem’s tokens.

Multi-layer incentive mechanisms launched

According to the latest news, Monad’s official partnership with liquidity incentive platform Merkl has introduced 12 new liquidity pools with excess annualized yield incentives. This approach aims to attract more capital into the Monad ecosystem and deepen liquidity. Meanwhile, the project’s testnet airdrop activities are ongoing, with users reporting receiving rewards ranging from 5,350 to 9,750 MON in a short period, all through a simple process with no Gas fees. This direct token distribution strategy helps expand the user base.

Exploration of offline and online integration

Monad has partnered with treasure hunt platform lootgo_official to launch physical treasure hunts, allowing users to participate in offline activities to win MON tokens. This innovative way of acquisition breaks the limitations of purely on-chain activities, expanding brand awareness and attracting more non-crypto natives.

Fundamental Support for the Project

As an EVM-compatible high-performance public chain, Monad offers 10,000 TPS throughput and sub-second finality at the technical level. These metrics mean faster transaction confirmation and lower network congestion in practical applications, which are attractive to DApp developers and users. The project has officially launched its mainnet, with a total token supply of 10 billion, and approximately 1.083 billion tokens in circulation (10.83%).

Regarding validators, Monad has over 200 validators worldwide, allowing nodes to run on consumer-grade hardware. This design philosophy benefits true decentralization of the network.

Market Position and Future Observation

According to data, MON is currently ranked 135th in the cryptocurrency market cap list, accounting for about 0.01%. This position indicates significant room for growth. Although the overall crypto market is adjusting (with DeFi TVL on several mainstream chains declining from peak levels), the activity within the Monad ecosystem is rising against the trend, possibly signaling a migration of funds to chains with better performance and more active ecosystems.

Summary

The short-term rise of MON reflects progress in the development of the Monad ecosystem. From the high activity of Lumiterra chain game, to official multi-layer incentive mechanisms, and innovative offline activities, the project team is actively promoting ecosystem growth. The current price performance is a market reflection of these efforts. Moving forward, it is important to monitor whether this ecosystem enthusiasm can be sustained and whether more high-quality projects will emerge on the Monad chain. In the context of the overall market adjustment, maintaining ecosystem activity will be a key factor in determining the project’s long-term performance.