Key Highlights
- MON launches directly on Solana via Sunrise, letting users trade immediately while keeping liquidity within the network, reducing reliance on centralized exchanges.
- Sunrise moves assets from outside Solana onto the network, simplifying access, supporting DeFi protocols, and keeping capital in the ecosystem.
- Monad’s token sale raised $269M from 85,820 participants, showing strong interest from both insiders and new users in Solana’s growing ecosystem.
Solana has announced that Monad’s native token, MON will go live for trading directly on its blockchain. The listing will happen at the same time—or even before—major exchanges, giving traders immediate access. The integration is processed on Sunrise, a platform developed by Wormhole Labs, which enables it to bypasses centralized exchanges and provides onchain liquidity from the start.
The announcement comes ahead of Monad mainnet launch scheduled for today, November 25, with trading on exchanges including Coinbase and Bybit. Monad is a layer-1 blockchain, aiming to offer low cost transactions and EVM compatibility.
Sunrise platform revolutionizes listings
Sunrise aims to be the primary gateway for new digital assets on Solana. According to the platform, “MONday marks the beginning of Sunrise. A new asset, issued elsewhere, is arriving on Solana immediately with ready and liquid markets.”
Consequently, Sunrise eliminates fragmentation and simplifies access to new assets. Integrations with Solana’s major AMMs and aggregators ensure that new tokens are available for trading without bridging complexities. Moreover, the platform supports derivatives, lending, and other DeFi protocols at launch.
Sunrise changes the dynamics of asset launches. Typically, new tokens list offchain, causing capital to exit Solana temporarily. However, Sunrise keeps funds in the Solana ecosystem, enhancing liquidity and market efficiency. The platform covers everything from crypto to tokenized stocks and commodities, providing a unified access route. Users benefit from consistent pricing and execution without moving between multiple networks.
MON token sale and community response
Monad recently concluded its token sale on Coinbase, raising $269 million with participation from 85,820 users. As Keone Hon, the co-founder, said, “The most important statistic is not the millions of raised funds but the number of participants.”
While insiders dominated a portion of the sale, many newcomers joined in, highlighting growing interest in Solana’s ecosystem.
MON token sale and distribution
While the mainnet launches today, 50.6% of Monad’s 100 billion token supply will be irrevocably locked and hence unavailable for staking. What this includes is all investor and team allocations, plus the Category Labs Treasury itself, which are still subject to vesting schedules designed to align long-term interests with project outcomes.
Public sale participants could bid between $100 and $100,000. If the offering is sold entirely, it would raise $187.5 million, valuing the network at an estimated $2.5 billion fully diluted.
The token distribution is broken down, with 38.5% going to ecosystem development, 27% to the team, and 19.7% to investors, while Category Labs Treasury receives 4%. An extra 3.3% is put aside for a MON airdrop to early users, the latter two being unlocked at launch.
The Monad Foundation is expected to manage the ecosystem tokens over a number of years, issuing grants and delegating through its Validator Delegation Program. This is intended to support network growth in a measured way, as opposed to flooding the market with tokens.
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