# Micron Technology Tokenized Stock (Ondo) (MUON): D-Score 48/100 — Moderately Decentralized

**BlockIndex D-Score: 48/100 (Moderately Decentralized).** Micron Technology Tokenized Stock (Ondo) (MUON) is a Layer 2 cryptocurrency using Other consensus. MUON: Ondo-issued tokenized Micron stock exposure available across Ethereum, BNB Chain, Solana, and HyperEVM markets.

_Source: https://blockindex.ai/coin/muon · Data by BlockIndex.AI · Updated 2026-06-19_

## D-Score breakdown (0-100, higher means more decentralized)
| Component | Score |
| --- | --- |
| Overall D-Score | 48 |
| Node distribution | 0 |
| Initial distribution | 25 |
| Governance | 16 |
| Age and history | 7 |
| Autonomy | 0 |

## Key facts
- Layer: Layer 2
- Consensus: Other (N/A)
- Launch: Other (2025)
- Founder: Nathan Allman / Ondo Finance
- VC funded: No
- Max supply: N/A
- Circulating: 73,881

## Market data (as of 2026-06-19)
- Price: $1,130.5
- Market cap: $83.52M
- 24h volume: $9.49M
- 24h change: +4.42% · 7d change: +15.61%

## About
MUON is Micron Technology Tokenized Stock (Ondo), a tokenized real-world asset issued through Ondo Global Markets to provide eligible users with economic exposure similar to holding Micron Technology stock. The extracted data presents MUON as an Ondo tokenized version of Micron Technology rather than an independent cryptocurrency network. Its purpose is not to run a new blockchain or native consensus layer, but to represent stock-linked exposure in token form for non-US retail and institutional users subject to Ondo's eligibility rules and restrictions.

Technically, MUON is a multi-chain tokenized asset visible across Ethereum, BNB Smart Chain, Solana, and HyperEVM ecosystems. The verified explorer data lists an Ethereum contract at 0x050362Ab1072Cb2Ce74d74770E22A3203Ad04ee5, a BNB Smart Chain contract at 0x8b6ACf6041A81567f012Ff6A4C6D96d5818d74bF, a Solana token/account reference at Fz9edBpaURPPzpKVRR1A8PENYDEgHqwx5D5th28ondo, and a HyperEVM contract at 0x0f8E33F5CdefAE9C2E59de8fB61feD347046D046. Because it is a token on existing chains, MUON does not have its own proof-of-work or proof-of-stake consensus, validator set, mining algorithm, block timing, or native node infrastructure.

MUON's main use case is tokenized market access. Ondo tokenized stocks are described as allowing eligible non-US users to mint and redeem tokenized U.S. stocks and ETFs, giving crypto-native access to traditional equity exposure. The asset is tracked by CoinMarketCap and CoinGecko and has market visibility through centralized and decentralized trading venues, including Binance Alpha, Binance, MEXC, Coinbase, LBank, BitMart, BYDFi, Manifest, Ondo Global Markets, Biconomy.com, Deluthium, and Uniswap-related venues. Wallet coverage includes Ledger, MetaMask, Coinbase Wallet-style mobile access, WalletConnect, Phantom, Argent, Electrum, and MEW-style Ethereum wallet support.

The available tokenomics data indicates a dynamic issuer-controlled tokenized stock supply rather than a fixed-emission cryptocurrency schedule. CoinMarketCap reported total and circulating supply around 93.52K MUON, while CoinGecko reported circulating supply around 93,452 and total supply around 93,483. No ICO, public launch allocation, premine percentage, staking rewards, mining reward, or native monetary emission schedule was found in the extracted data. MUON reached a reported all-time high on June 3, 2026, with CoinMarketCap listing $1,087.77 and CoinGecko listing $1,086.50, while the earliest extracted low-price milestone appeared in September 2025.

Governance and operations appear centralized around Ondo Finance / Ondo Global Markets rather than DAO governance. The DScore extraction identifies Nathan Allman as CEO and Ondo as the company or issuer behind the tokenized asset. No MUON-specific DAO, token voting, community treasury, open-source repository, or independent governance process was found. Development history in the extracted data is limited, with one proxy upgrade transaction recorded on July 23, 2025 and no MUON-specific hacks, emergency halts, chain freezes, SEC enforcement actions, or dated regulatory incidents reported.

## Links
- Website: https://app.ondo.finance/assets/muon
- Whitepaper: N/A
- GitHub: N/A

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About the D-Score: BlockIndex.AI rates decentralization from 0 to 100 across node distribution, initial distribution, governance, age and history, and autonomy. Methodology: https://blockindex.ai/dscore