Monad Mainnet Launches Amid Weak Interest in Its Token Sale
Date: 2025-11-25 Author: Henry Casey Categories: BUSINESS
The official launch of the Monad blockchain took place on November 24, 2025, culminating in nearly three years of development. The mainnet launch was accompanied by the completion of the MON token distribution, which included a public sale and community incentive programs designed to support the project's future ecosystem.
The day before the launch, on November 23, the project closed its public token sale on the Coinbase platform. The sale raised approximately $269 million from over 85,000 investors. Despite the impressive figures, the sale was less dynamic than similar campaigns in recent years. The sale took longer, and audience interest was lower than expected.
The price dynamics also proved unusual: after its market launch, MON quickly fell below its IEO price of $0.025 per token. This was a rare occurrence for the US market where the exchange price fell below its initial public offering price, sparking further discussion among industry participants.
According to the project's tokenomics, 50.6% of the total MON supply remains locked at launch. This includes nearly 26.9 billion coins allocated to the team, 19.6 billion for investors, and 3.9 billion assigned to the Monad treasury. The distribution of these tokens will occur gradually: the first unlocking phase is scheduled for the end of 2026, with full completion by the end of 2029. Approximately 38.5 billion tokens intended for ecosystem support are expected to enter circulation, but less than 2% has currently been allocated to partners.
Parallel to the mainnet launch, key infrastructure services became available on the network. Users can now work with MetaMask and Phantom wallets, interact with USDC and USDT stablecoins, and access liquidity on the Curve and Uniswap DEX platforms. Thanks to EVM compatibility, developers can migrate their applications from Ethereum without modification.
Project co-founder Keone Hon emphasizes that Monad aims to offer a solution to the classic blockchain trilemma, combining high performance, security, and ease of development. However, some users attribute the reduced activity during the token sale to the controversial distribution model: the team was allocated 27% of the total supply, significantly higher than the typical allocation among L1 projects. This has led some participants to express doubts about the token's long-term sustainability.
