Monad Reveals Mainnet and Token Launch Date Following Airdrop Claim

Monad, a layer-1 blockchain network, has announced the launch date for its mainnet and its MON token, set for November 24. This network aims to compete with Ethereum and Solana by offering high transaction speeds and low fees, targeting 10,000 transactions per second with minimal gas costs. The MON token has already seen significant trading activity, with over $14 million in volume recorded pre-market on Hyperliquid. An airdrop was also conducted, benefiting 225,000 users, including DeFi protocol participants and long-term NFT holders, as part of efforts to reduce sybil farming. Created in 2022, Monad has raised over $240 million, primarily from Paradigm, to enhance scalability and functionality compared to existing networks. As November 24 approaches, anticipation grows for its competitive features and broader market implications, including the initial listing on Kraken exchange on launch day.

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