Monad Breaks $4,500 Barrier in First 24 Hours, Reaches All-Time High

On November 24th, the Monad blockchain mainnet launched, marking a significant milestone in the crypto space. The network’s launch coincided with a Token Generation Event (TGE) for its native token, MON, which had an initial circulating supply of 10.83 billion tokens out of a total supply of 100 billion. Within the first 24 hours, the network processed over 2 million transactions, and the MON token experienced notable price fluctuations, reaching highs of $0.038 and lows of $0.02201 according to CoinGecko. This surge was driven by expanding DeFi applications and growing institutional interest.