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MON Monad TVL breaks the US$1 billion milestone
The total lock-in value (TVL) of the Monad network has exceeded the US$1 billion mark, which is a landmark achievement for a network that has been launched less than a year ago.
After three years of development and two rounds of financing to raise more than US$240 million, Monad's public main network was officially launched on November 24, 2025. The network announced the achievement on the X platform. According to DefiLlama data, funds locked up on the network reached $1.02 billion, a 4.4% increase in the past 24 hours. Chain expenses incurred during the same period were approximately US$14,400.
Starting with a TVL of approximately US$52 million when it was launched, Monad's TVL has climbed to more than US$1 billion, becoming one of the fastest growing TVL cases in the new Layer 1 network in recent years. In addition, the network also introduces major applications such as Aave and MetaMask Money Accounts, as well as infrastructure such as BTX encrypted memory pools.
Monad has taken a place in the high-throughput Layer 1 competition landscape by emphasizing the performance improvements brought about by parallel transaction execution, allowing multiple transactions to be processed simultaneously.
Token performance lags behind network growth
Despite the outstanding TVL data, the $MON token has not kept pace with the online chain progress. The current price of the token is approximately US$0.0257, only slightly higher than the US$0.025 price when it was first issued.$ MON's market capitalization rate is approximately US$330 million, while the fully diluted valuation is as high as US$2.93 billion. This huge gap reflects the market's continued uncertainty about future token supply.
The Internet faces plans to release 6.66 billion MON tokens in November. To this end, the Monad Foundation announced a plan in August to repurchase up to $60 million in locked MON tokens from some early investors before unlocking them.
Although well-known DeFi protocols such as Uniswap, Curve and Morpho have entered the network, the entry of the protocols does not equal the actual activity of users. If fee revenue does not grow in line with TVL, Monad risks falling into the same trap as other Layer 1 networks: capital is idle, just to chase token incentives rather than generate actual productive gains.
TVL milestone confirms the real interest of developers and liquidity in @monadecosystem. However, whether the $MON token can narrow the gap with broader network growth remains an unsolved mystery before entering the fourth quarter of 2026.
