Monad is a Layer 1 blockchain that uses the Proof of Stake consensus mechanism, highly compatible with EVM. $MON has gained attention from the community and has become a hot topic. With enthusiasm mounting, let's look at the fundamentals, dangers, and market comparisons to forecast $MON's future value.
What is Monad?
Monad is a next-generation Layer 1 blockchain that leverages the Proof of Stake (PoS) consensus mechanism while maintaining full compatibility with the Ethereum Virtual Machine (EVM).
A key innovation of Monad lies in its Parallel Execution engine, which enables the network to process transactions simultaneously rather than sequentially. This architectural breakthrough empowers Monad to achieve throughput of up to 10,000 transactions per second (TPS), significantly outperforming most existing EVM-compatible chains.
Monad Initial Airdrop
The testnet officially launched, allowing users to test dApps and interact with the network without incurring any real costs. Users can add the testnet to an EVM-compatible wallet (such as MetaMask, Rabby, or Phantom).
Monad has not officially announced the airdrop details, but has teased the claim date through project official X account.
Monad Airdrop Claim Portal opens on Tuesday, October 14th
— Monad (mainnet arc) (@monad) October 9, 2025
What will $MON reach upon listing?
To estimate the potential valuation of Monad ($MON), we can use the three scenarios below to reflect different levels of investor sentiment in the market.
But first, let’s take a look at the moonsheet below to set your expectations about $MON’s FDV.
$MON has a total supply of 100B tokens and has raised $244 million in funding, becoming one of the largest rounds among upcoming Layer 1.
Based on this, the market may benchmark Monad’s valuation against projects like $APT ($6.3B FDV), $IP ($9.25B FDV), $TON ($14B FDV), $SUI ($34.5B FDV) and $HYPE ($45.62B FDV). This data was updated before October 10th, 2025.
Bull Market
In a bullish market, investor sentiment is euphoric and capital inflows are aggressive.
Monad’s narrative is a high-performance Layer-1 claiming 10x EVM speed and full Ethereum compatibility that fits perfectly with the ongoing trend of scaling solutions and performance-focused chains.
With a strong technical foundation and large funding, $MON could easily become the “next Solana moment” in a hype-driven environment. Backed by top-tier funds and the narrative of Ethereum efficiency without compromise, demand at listing could surge significantly.
Assuming price ranges between $0.25 - $0.35, $MON’s FDV could reach $25B - $35B, aligning with $SUI or even approaching $HYPE levels if market sentiment stays strong.
Base Market
In a neutral market, the price tends to reflect fundamentals rather than pure hype.
Monad’s value would be supported by its developer ecosystem, infrastructure maturity, and upcoming mainnet milestones, rather than speculative frenzy.
While excitement remains, investors are more selective, and valuations stabilize around realistic benchmarks such as $IP or $TON.
Demand will come mainly from early adopters and ecosystem participants rather than short-term traders.
Assuming price ranges between $0.13 - $0.2, $MON’s FDV would be around $13B - $20B, comparable to $TON’s early performance during its initial cycle. 2 days after pre-market listing, $MON is trading between $0.084 - $0.2 price ranges on Whales Market.
Bear Market
In a bearish scenario, liquidity is thin and capital rotation slows down. Even strong projects face sell pressure from early participants or private round investors seeking capital preservation.
Despite Monad’s strong fundamentals, its price performance at listing would likely be subdued due to overall market risk-off sentiment. Investors may still maintain moderate interest, especially if the team times its TGE alongside positive ecosystem updates.
The TGE of $MON is really close, but the market has already reacted sharply to President Donald Trump’s new tariff moves against China. That’s pushed the Fear & Greed Index down into the “extreme fear” zone at 34.
For that reason, it’s possible $MON could launch while the broader crypto market is still struggling or sideway. If its price lands somewhere between $0.05 and $0.10, then an estimated FDV of $5B to $10B would make sense, reflecting a conservative valuation consistent with how tokens tend to price in weak market conditions.
Fundraising-Based Valuation
To estimate $MON’s value, let’s use Sui ($SUI) as a reference, given its similarities:
- Layer 1 using Parallel Execution.
- Reward Testnet users and get high expectation from community
- Market sentiment at TGE was not hyped.
Two valuation approaches are proposed, based on the following assumptions:
- The market price of SUI accurately reflected the project's value (Market Efficiency).
- The valuation does not account for unquantifiable factors, such as the strength of investors, the development team, or market makers.
This fundraising-based valuation method compares the valuations implied by venture investments into Sui and Monad in the last round that have valuation information.
Under this method, $MON’s expected price is $0.375 at an FDV of $37.5B. This price accurately reflects the current state of the market; however, it is also partially influenced by the benchmark token, $SUI long-term potential and its strong community impact.
Currently, $MON is trading in pre-market at $0.12/token, implying an FDV of $10B. So it's really hard to say exactly what is the price $MON will be listing at. Let's just give this only as an example for informational purposes, not as investment advice.
Factors Influencing the $MON Price at TGE
Pre-market Data
On Whales Market, $MON is currently trading $0.1 ~ $0.12 per token, equating to an FDV of $10 ~ 12B. The community response, that this is considered a valued price point for $MON on base market.
Pre-market prices are often affected by low liquidity and speculative sentiment, many recent tokens have listed at prices equivalent. So you could consider pre-market price data to predict $MON.
Read more: How to trade Monad ($MON) on Whales Market
Market Sentiment and Macro Conditions
- ETH Momentum: $MON is an EVM-compatible L1. If the price of ETH is at an All-Time High (ATH) or showing a strong upward trend, investor sentiment toward EVM-related L1s/L2s will be extremely positive. This could drive the $MON price higher due to the expectation of growth across the entire Ethereum ecosystem.
- Airdrop Hype and FOMO: $MON has officially confirmed the airdrop, rumors and community activities (testnet, founder residence) have created significant excitement. This level of FOMO (Fear of Missing Out) could cause the initial listing price to skyrocket far beyond the fundamental valuation.
Tokenomics and Distribution
- Initial Circulating Supply: This is the most crucial factor. If the percentage of tokens unlocked and entering circulation initially is low (e.g., under 20%), the initial Market Cap will be low, but the token price ($MON) will be highly susceptible to dramatic upward price pumps. Conversely, a high initial circulating supply can lead to greater selling pressure.
- Vesting Schedules for VCs and Team: Major L1 projects typically have long-term and strict vesting schedules for Venture Capitalists (VCs) and the development team. This commitment to holding tokens long-term reduces early selling pressure, bolstering confidence in $MON's long-term value.
Technological Uniqueness and Adoption
- Parallel EVM Performance: If Monad can demonstrably achieve 10,000+ TPS on its mainnet immediately following TGE, it will provide a massive value catalyst, solidifying its position as the fastest L1 for the EVM.
- Ecosystem Depth and Quality: The number and quality of DeFi, GameFi, and infrastructure projects (especially large projects migrating from Ethereum) announced at the TGE will be the clearest proof of Monad's ability to attract developers, directly impacting future Total Value Locked (TVL) expectations and the token price.
- Venture Capital Validation: Being valued at $3 billion USD in a funding round led by Paradigm is not just a number; it is a strong validation of quality and growth potential, attracting institutional investors to participate early on.
Conclusion
Monad stands out as a next-generation Layer 1 blockchain that combines parallel execution, EVM compatibility. If the ecosystem expands and real on-chain activity follows, $MON could evolve beyond initial hype to become a long-term competitor in the L1 race bridging performance, scalability, and decentralization in this network.
Disclaimer: This article is for informational purposes only, not investment advice, and Whales Market is not responsible for any of your investment decisions.
FAQs
Q1: How to trade $MON (Monad) on Whales Market?
If you want to trade MON (Monad) on Whales Market, you can either create an offer or buy/sell from other users’ offers. For full details, please read the Whales Market docs. Whales Market is the leading pre-market DEX to trade pre-TGE tokens and allocations, with over $300 million in volume, no middlemen, fully trustless and on-chain.
Q2: Who are Monad backers?
Monad backers include Paradigm, Coinbase Ventures, Electric Capital and Greenoaks.
Q3: How much has MONAD raised?
Monad has raised $244M from Paradigm, Coinbase Ventures, Electric Capital and Greenoaks.
Q4: What is Monad (MON)?
Monad is a high-performance Ethereum-compatible L1. Monad materially advances the efficient frontier in the balance between decentralization and scalability.
Q5: What is the price of Monad ($MON) today?
While Monad ($MON) hasn't been listed yet, users can trade $MON pre-market at $0.1 on Whales Market before the TGE. Here you can trade $MON before the asset gets listed on leading CEXes like Binance, Bybit or OKX.