Monad’s native token MON opened with an estimated $4 billion market capitalization on launch day, beating early expectations. The new high-speed Layer 1 promises faster throughput and lower fees as it seeks developer and trader attention.

Coinbase has signaled a renewed embrace of ICOs, leading the season with one of 2025’s largest token launches as Monad (MON) goes live. Traders and projects will watch how exchange-led launches reshape fundraising and secondary market dynamics.

Coinbase is relaunching token sales with a regulated, compliant platform that will run about one token sale per month using an algorithmic allocation over a one-week purchase window. Monad’s MON debut is the first offering and has reignited discussion about fairness and access in crypto fundraising.

Monad published the initial MON token distribution as it prepares for mainnet rollout and a community airdrop on Nov. 24. The Layer‑1 emphasizes Ethereum‑compatibility and performance while allocating supply across community, ecosystem, team vesting and reserves.