The launch of the Monad mainnet marked a significant milestone in the blockchain industry on November 24, 2025. The Layer 1 blockchain, designed for scalability and compatibility with Ethereum Virtual Machine (EVM), successfully entered public operation, signifying its entry into the bustling blockchain ecosystem. The launch coincided with the Token Generation Event (TGE) for the native MON token, launching an initial circulating supply of 10.83 billion tokens out of a total supply of 100 billion. Over 2 million transactions were processed in the first 24 hours, showcasing the network’s speed and capacity. The price of MON saw significant fluctuations, reaching a high of $0.038 but subsequently experiencing a drop to $0.02201 according to Coingecko.