Phantom ends support for Monad network on August 26
Phantom wallet will drop Monad network support on August 26, requiring MON holders to migrate assets to alternative EVM wallets like MetaMask or
CryptoBriefing•Editorial Team25 JulMonad — page 2
Platform · 32 articlesCoverage, page 2
page 2 of 2CryptoBriefing•Editorial Team25 Jul
Pendle hits $111M TVL on Monad, becoming the chain’s fifth-largest protocol
Pendle reaches $111M TVL on Monad blockchain, becoming its fifth-largest protocol. AUSD stablecoin supply hits $115M as yield markets gain
CryptoBriefing•Editorial Team21 Jul
Stable leads blockchains in 30-day TVL growth, Monad hits $621M after Aave deployment
Emerging blockchains like Stable and Monad highlight the shifting dynamics in DeFi, challenging established players and attracting new capital.
CryptoBriefing•Editorial Team16 Jul
Monad boosts incentives for Agora AUSD to $75K per week
Monad's increased incentives could enhance its DeFi appeal, but long-term success hinges on sustaining liquidity beyond temporary subsidies.
CryptoBriefing•Editorial Team16 JulA
Is Monad’s record $477mln TVL organic or incentive-driven? Assessing…
Aave attracts fresh liquidity as Monad's ecosystem reaches new highs.
AMBCrypto•Muriuki Lazaro7 Jul
MetaMask launches stablecoin Money Account with up to 4% yield
MetaMask has launched Money Account, a self-custodial stablecoin account on Monad that combines automated yield of up to 4% variable APY, direct spending, and integrated trading through a single balance. According to a press release shared with crypto.news, the new…
Crypto Wallet MetaMask Launches Yield-Paying Money Accounts on Monad
MetaMask is packaging stablecoin yield, payments, and trading into a single self-custody account as crypto firms compete to make digital dollars more useful.
MetaMask unveils all-in-one Money Account offerings users up to 4% APY on mUSD holdings
Consensys tapped Monad as Money Account's “home chain," and will initially use Morpho vaults to generate yield.
The Block•Daniel Kuhn30 Jun
Pendle becomes fifth largest protocol on Monad with $50M TVL in just 10 days
Pendle's rapid growth on Monad highlights the potential for innovative DeFi platforms to reshape trading dynamics and attract significant capital.
CryptoBriefing•Editorial Team29 Jun
Agora’s AUSD stablecoin market cap rises 100% to $73M on Monad
AUSD's rapid growth on Monad highlights the potential for stablecoins to become key financial infrastructure, but also underscores risks tied to network dependency and competition from established players like USDC and Tether.
CryptoBriefing•Editorial Team24 Jun
Vitalik-backed MegaETH sees token fall 55% on first day trading
MegaETH’s token is off to a shaky start. On Thursday, the layer 2 blockchain, which lists Ethereum co-founder Vitalik Buterin among its early investors, launched its MEGA token, airdropping some 500 million tokens to those who bought them during the project’s October public token sale. The token began trading at 11 am London time and initially rose to an all-time high of $0.38, according to CoinGecko data. But it quickly began to sell off, dropping some 55% to trade at around $0.17. Despite the volatility, those who bought the token during the public sale are still in profit. MegaETH sold the tokens at a clearing price of $0.0999 each, raising just under $50 million. The project also sold 500 million tokens via a $10 million funding round on Echo, the early stage investing platform, at $0.02 each. MegaETH’s wobbly launch comes as investor appetite for new crypto tokens dwindles. The crypto market has been in the lurch since October, when it experienced a huge, structural crash that triggered over $19 billion in leverage liquidations. Since then, investors' interest has been mostly limited to established cryptocurrencies, such as Bitcoin. Slow start MegaETH is an Ethereum layer 2 network which touts itself as the first “real-time blockchain” capable of over 100,000 transactions per second. The project previously secured $30 million in venture funding, almost $28 million by selling NFTs, and another $50 million selling tokens, bringing its total raise to around $108 million. Yet despite the huge amount of funding, MegaETH has been slow to take off. After launching in February, the blockchain has only seen $314 million in deposits to DeFi protocols, with top DeFi lender Aave accounting for just over 71% of its total deposits, per DefiLlama data. Ethereum, the biggest blockchain for DeFi, hosts some $63 billion of deposits to protocols. MegaETH isn’t the only hyped-up blockchain to see its token fall after launch. Plasma, a high‑performance blockchain built for stablecoin payments, launched its XPL token in September. After a brief rally that saw the token hit an all-time high of $1.68, it began to fall. The token now trades at around $0.09 — a 94% drawdown. Monad, another blockchain designed for extreme speed and scalability, launched its token in November. It’s down some 43% from its all-time high set shortly after its launch. Tim Craig is DL News’ Edinburgh-based DeFi Correspondent. Reach out with tips at tim@dlnews.com .
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After Monad’s TGE, can the chain turn hype into long-term conversion?
The data paint a complicated picture about user activity and the Monad ecosystem