MON (Monad) increased by 7.21% in the past 24 hours

Gate News Bot Message, December 29 — According to CoinMarketCap data, at the time of press, MON (Monad) is trading at $0.02, up 7.21% in the past 24 hours, reaching a high of $0.03 and a low of $0.02. The 24-hour trading volume is $135 million. The current market cap is approximately $250 million, an increase of $16.8 million from yesterday.

Important recent news about MON:

1️⃣ Nubila Validation Nodes Launch to Strengthen Ecosystem Infrastructure
The Validator Node system of Monad’s native data validation layer Nubila has officially gone live on the mainnet. Node operators can deploy various types of validation nodes and participate in on-chain verification of real-world environment data. This infrastructure leverages Monad’s high throughput and low latency mainnet performance to anchor environmental signals from the physical world onto the chain, providing trustworthy data inputs for decentralized finance, RWA, automated decision systems, and AI-native applications. This move expands Monad’s role as a hub connecting the physical world with on-chain systems, enhancing the practical value of its ecosystem applications.

2️⃣ On-Chain Fundamentals Improve and Ecosystem Activity Recovers
After hitting a low in mid-December, the fundamentals of the Monad network have continued to rebound, with approximately 76,000 daily active addresses, around 24,000 new users, and over 1.6 million daily on-chain transactions. Ecosystem usage is recovering. Additionally, the introduction of a $1 stablecoin on-chain has increased trading liquidity, providing a smoother settlement environment for short-term trading and application interactions, serving as a key catalyst for recent price increases.

3️⃣ DeFi Ecosystem Matures with Continuous Capital Inflows
The top ten projects by TVL on Monad have formed a clear tiered distribution. Morpho Labs leads with $90.3 million TVL, followed by upshift_fi and Curvance, along with well-known DeFi protocols like Uniswap and Gearbox Protocol. The flagship project LeverUp set a record with 678x oversubscription, raising $61 million, with its token price surpassing $0.065 to hit a new all-time high, reflecting strong market recognition of Monad’s ecosystem projects and ongoing capital inflows.

4️⃣ Technical Breakthroughs and Supply Constraints Enhance Price Flexibility
MON has successfully broken through the previous several days’ wedge consolidation zone. The Relative Strength Index (RSI) shows a bullish divergence, and Bollinger Bands are beginning to open, indicating that bulls are temporarily in control. Some trading platforms’ staking or lock-up mechanisms are constraining circulating supply in the short term, further strengthening price elasticity.

This message is not investment advice. Investors should be aware of market volatility risks.