Monad’s Ecosystem Still Developing Despite Impressive Early Metrics

While Monad successfully launched its mainnet and token, early activity has largely concentrated on established DeFi protocols rather than native applications. The blockchain’s impressive technical feats, including 10,000 transactions per second, are facing challenges in attracting developers to build unique, ecosystem-specific solutions. 50% of MON tokens remain locked, fueling concerns about the token’s sustained growth and potential for a crash as investors take profits.