Monad Mainnet Launches: Performance, Tokenomics, and Ecosystem Expansion in First 24 Hours

On November 24th, the Monad mainnet launched, marking a significant milestone for the blockchain platform focused on scalability and compatibility with Ethereum Virtual Machine (EVM). The launch was accompanied by a Token Generation Event (TGE) for its native token, MON, with an initial circulating supply of 10.83 billion tokens out of a total supply of 100 billion. During the first 24 hours, the network processed over 2 million transactions and saw price fluctuations for the MON token, reaching highs of $0.038 and lows of $0.02201. Coingecko data reflects this volatility, driven by a combination of market conditions and the initial liquidity of the token.