Monad in November 2026: A fast EVM blockchain approaching its first anniversary, and a token at the lowest level in its history
Monad (MON) is the token of the Monad blockchain, an independent layer-1 network that can run programs written for the Ethereum Virtual Machine without changes and aims to do so much faster. The public mainnet has been running since 24 November 2025. MON is trading at $0.016804 and, with a market capitalisation of around $188 million, ranks 126th among the largest crypto assets. Anyone looking to place Monad in context will compare it with Ethereum, whose programs it adopts, and with other fast networks such as Solana and Sui.
What has changed in recent weeks
October opened at $0.03177 and closed at $0.01927, a loss of around 39 percent in a single month. November has not brought a rebound so far. On 8 November the price fell to $0.01536, the lowest level in the daily data since trading began. Over seven days MON is down around 16.4 percent, over 30 days around 36.6 percent and over 90 days around 27.9 percent.
Why this prediction is cautious
Since the closing price of the first trading day of the year, $0.02370, MON has lost around 33 percent. It sits around 67 percent below its highest daily price of $0.04876 from 26 November 2025, and the public sale price of $0.025 is around 36 percent above today's price. Then there is the supply side. According to the Monad Foundation's tokenomics overview, the lock-up for the team, investor and treasury allocations, together around half of the initial supply, ends on the first anniversary of the mainnet. Under our methodology the scenarios start from the price at the beginning of the year, which is why the average for 2026 is practically at today's price.
The crypto market right now
Total value and sentiment of the market from our own charts. While the page is open, the values refresh at the pace of their source.
What Monad is and what MON is used for
In its documentation, Monad describes itself as a layer-1 blockchain that aims to combine high performance, decentralisation and full compatibility with Ethereum Virtual Machine bytecode. Developers can therefore move programs written for Ethereum without rebuilding them. Technically, Monad relies on its own consensus mechanism called MonadBFT, on parallel execution of transactions and on decoupling consensus from execution. The documentation states a target of 10,000 transactions per second, a block every 300 milliseconds and finality after 600 milliseconds. These are the project's own figures, not an independent measurement.
MON is the network's token. It pays transaction fees and secures the network through staking. According to the Monad Foundation, each block produced creates 25 new MON as a reward for the stakers of the validator concerned, around 2 billion MON or around 2 percent of the initial supply per year. The base portion of every fee is burned, which can partly offset this issuance.
The supply side and the 24 November date
According to the Monad Foundation, the initial supply at mainnet launch was 100 billion MON. Around 49.4 percent of it was not locked at launch: around 10.8 percent from the public sale and airdrop, and around 38.5 percent for ecosystem development, managed by the foundation. The team (around 27 percent), investors (around 19.7 percent) and the Category Labs treasury (around 3.95 percent) are locked. Their tokens are subject to a one-year lock-up from launch and are then released gradually, fully by the fourth anniversary in the fourth quarter of 2029.
CoinMarketCap currently counts around 11.83 billion MON as circulating, out of a total supply of around 100.68 billion. The difference from the 49.4 percent arises because the data provider does not count the ecosystem allocation held by the foundation as circulating. The market capitalisation of around $188 million therefore compares with a fully diluted value of around $1.82 billion. This gap is the most important risk in this prediction.
Where MON trades
We measured the distribution of daily volume ourselves, using the spot market trading pairs. We recorded 78 spot pairs with a combined volume of around $13.9 million in 24 hours, of which only around $1.2 million was outside centralised exchanges. MON is therefore not DEX-heavy. Six centralised exchanges each carry more than $1 million: BloFin with around $2.28 million, LBank with around $1.87 million, Coinbase with around $1.47 million, Bybit with around $1.41 million, OKX with around $1.16 million and Hotcoin with around $1.05 million. The most reliable are Coinbase, Bybit and OKX, which together account for around 29 percent of the measured volume. As with Sei and MegaETH, which also focus on fast execution of Ethereum programs, it is ultimately use by applications that determines the value, not trading in the token.
