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A Calm Reflection After the Launch of the Monad Mainnet
During TGE, Monad was indeed in the spotlight—MON price surged rapidly, a large influx of stablecoins entered, and on-chain activity was once high. But the story turned quickly. After the hype faded, daily active users suddenly dropped, and on-chain metrics also started to decline. This is actually a common experience for many new public chains—"stalling after launch"—where initial FOMO-driven traffic often masks the true fundamentals. Monad's performance reminds us that having a grand TGE launch is not enough; retaining users and maintaining ecosystem vitality are the true long-term tests.
The curve collapsed, and you still want to rely on the ecosystem? First, get the application out there.
This round of Monad is the kind that burns bright and fades quickly, nothing new.
Retaining users? First, someone has to be willing to use it. Right now, everyone is waiting for the next hot spot.
According to the supply and demand curve, this is a typical bubble period art pricing model; once the hype dissipates, the floor price drops straight down.
But to be fair, Monad's recent moves indeed perfectly illustrate the bear market philosophy—it's not enough to have just the narrative; retention rate speaks louder.
Everyone, cherish this moment, as the next hot public chain is coming soon. History always repeats itself.