{
  "url": "https://blockindex.ai/coin/mon",
  "name": "Monad",
  "links": {
    "github": "https://github.com/category-labs/monad-bft",
    "website": "https://www.monad.xyz/",
    "whitepaper": null
  },
  "dScore": 44,
  "market": {
    "priceUsd": 0.02071044987926821,
    "marketCapUsd": 244904487.04657665,
    "volume24hUsd": 27503481.97921557,
    "priceChange7dPct": -3.36084229,
    "priceChange24hPct": -2.63559837
  },
  "source": "BlockIndex.AI",
  "supply": {
    "max": null,
    "circulating": 11825165000,
    "circulatingPct": null
  },
  "ticker": "MON",
  "founder": "Keone Hon",
  "vcFunded": true,
  "updatedAt": "2026-06-19T06:00:38.654539+00:00",
  "fairLaunch": false,
  "launchYear": 2025,
  "description": "Monad is an independent, Ethereum-compatible Layer-1 blockchain built around the idea that EVM performance can be improved through deeper software architecture rather than by abandoning Ethereum tooling or requiring unusually heavy hardware. Its public mainnet launched on November 24, 2025 alongside the native MON Token Generation Event. The project is associated with Category Labs, formerly Monad Labs, and Monad Foundation, with Category Labs identified as the builder of the first Monad client and Monad Foundation stewarding ecosystem allocations. Keone Hon is identified in the supplied summary as a Monad co-founder, though the master summary does not provide a complete structured founder list. Monad's core mission is to deliver high-throughput, low-latency execution while preserving compatibility with Ethereum contracts, wallets, analytics services, and developer workflows.\n\nTechnically, Monad is described as a native Layer-1 blockchain with full EVM bytecode compatibility and Ethereum RPC API compatibility. Its architecture includes MonadBFT, RaptorCast, asynchronous execution, parallel execution, JIT compilation, and MonadDB. MonadBFT is presented as a BFT consensus mechanism derived from HotStuff and designed to address tail-forking problems. The network targets 10,000 transactions per second, 400 millisecond block frequency, and 800 millisecond finality. The codebase is described as open source, with consensus and execution repositories under GPL-3.0 and implementation work in C++ and Rust. Unlike PoW systems, Monad does not use mining; MON is used for gas and staking in a validator-based consensus system.\n\nMonad's main use case is as a high-performance EVM environment for decentralized applications that want Ethereum compatibility with faster execution and lower latency. The supplied ecosystem data highlights compatibility with tools such as Hardhat, Foundry, and Apeworx, as well as Ethereum-style wallets and analytics platforms. Cross-chain connectivity is represented by Monad Native Bridge infrastructure powered by Wormhole's NTT standard and Axelar's General Message Passing, with additional bridge references including Celer. Early ecosystem activity included launch-day transactions, memecoin-driven throughput spikes, DeFi TVL passing $245 million in under two weeks, Valos launching an institutional credit vault on Monad, and Covalent integrating Monad into its data co-processor.\n\nMON tokenomics are based on an initial launch supply of 100 billion MON, while market data in the supplied summary lists total supply at 100.68 billion MON and circulating supply at 11.82 billion MON, about 11.74% of total supply. Official launch circulation was described as about 10.8 billion MON, or 10.8%, consisting of up to 7.5 billion MON from public sale plus about 3.3 billion MON from airdrop. The DScore-critical summary treats the genesis allocated supply as 100% initially minted or allocated, with 49.4% unlocked on day one and 50.6% locked across team, investors, and Category Labs Treasury. Monetary policy includes validator block rewards of 25 MON per successful block, annualized around 2 billion MON or about 2% of initial supply per year, while base transaction fees are burned.\n\nGovernance details are limited in the supplied material. Monad Foundation and Category Labs are both referenced, but no on-chain DAO, token-voting system, or formal decentralized governance process is documented. The project is VC funded, with supplied sources referencing significant funding, a $225 million funding round, and a $3 billion valuation. Security history in the supplied data shows no documented hacks, exploits, network freezes, or chain halts. Key risks are mostly forward-looking: validator distribution, economic security, sustained adoption beyond launch incentives, and proving decentralization under real production load. Node and validator validation references approximately 160 reachable nodes globally and 200 active validators by April 2026, indicating a young but growing validator network.",
  "methodology": "https://blockindex.ai/dscore",
  "classification": {
    "layer": "Layer 1",
    "isToken": false,
    "consensus": "BFT",
    "parentChain": null
  },
  "dScoreComponents": {
    "autonomy": 5,
    "ageHistory": 9,
    "governance": 16,
    "nodeDistribution": 8,
    "initialDistribution": 6
  },
  "decentralizationVerdict": "Moderately Decentralized"
}