Monad gears up for mainnet and MON token launch

Monad will launch its powerful Layer-1 blockchain mainnet on November 24, alongside the token generation event for its native MON token, which will appear on Kraken on launch day.

Monad has confirmed the launch of its powerful Layer-1 blockchain mainnet on November 24 at 9am ET. The debut follows the November 3 claims deadline, which locked user profiles for the MON token airdrop. Eligible participants will receive their MON allocations immediately on launch day, marking the culmination of months of participating in the testnet.

In addition to the mainnet launch, Monad will hold its token generation event, with MON set to debut on launch day on major exchanges, most notably Cracking. Crypto wallets Phantom and Backpack will offer integration from day one, while Uniswap and Wormhole are ready to enable immediate interoperability and trading.

Early ecosystem projects including Molandaks and Alloca are also preparing to go live on launch day.

The upcoming mainnet launch follows the successful rollout of Monad’s public testnet in February.

Monad has access to support from major crypto funds

Monad uses parallel transaction execution and superscalar pipelining, allowing it to support up to 10,000 transactions per second with one-second finality. The blockchain supports smart contracts, DeFi protocols, and NFT projects, providing developers with a trusted EVM-compatible environment while significantly increasing throughput and reducing latency.

Monad increased a total of $244 million to date, including a $225 million Series A financing round led by Paradigm, with participation from Electric Capital, Coinbase Ventures, Castle Island Ventures, GSR Ventures and Greenoaks.

However, as the launch approaches, sentiment on X appears cautious. Many users are considering shorting MON at launch due to its poor performance in premarket trading.