Monad

An EVM-compatible Layer 1 attempting to turn high throughput and consumer-grade onboarding into durable application demand.

Reference price$0.021387+2.2% over 24 hoursJul 30, 2026, 4:08 PM UTC

Market capitalization$253.03M

24-hour volume$15.76M

24-hour range$0.02058–$0.021516

All-time high$0.048829-56.2% · Nov 26, 2025

Why it is on the radar

Mera passkey library released

Jul 30, 2026

Monad highlighted Category Labs' Mera, an experimental open-source library designed to let applications create or protect blockchain accounts with passkeys. The release targets a persistent onboarding bottleneck; adoption and retention—not the announcement alone—will determine its economic relevance.

Monad announcement →Mera product →Open-source repository →

The 360 Vantage

Thesis and failure mode

Qualitative MRTNZ judgment, explicitly separate from observed market data.

MRTNZ stanceWatch · onboarding catalystExtreme risk

Constructive path

Mera and adjacent developer tooling reduce onboarding friction while applications convert Monad's performance into sustained users, fees and liquidity.

Failure mode

Better onboarding fails to create durable activity, while a low circulating share, dilution risk and intense Layer 1 competition overwhelm token demand.

Observed performance

What the market has done

Returns are historical provider snapshots, not forecasts.

24 hours+2.2%

7 days-6.7%

30 days+15.9%

1 year—History unavailable

Token structure

Supply and dilution

Supply figures reflect provider-reported circulating, total and maximum units.

Circulating11.83B MON

Total supply100.68B MON

Maximum supplyNo fixed maximum

Circulating / total11.7%

Fully diluted valuation is $2.15B, or 8.5× current market capitalization. That gap is a supply-risk flag, not a prediction of future value.

Forward monitor

What matters next

These are the operating and market signals most likely to strengthen or invalidate the thesis.

01Mera integrations, passkey-account creation and retained application users
02Active addresses, fee revenue, stablecoin liquidity and developer deployment
03Token unlocks and whether market capitalization closes the gap with fully diluted valuation

Evidence

Sources and method

Price, market capitalization, volume, performance, supply and all-time-high data come from CoinGecko’s July 30, 2026 UTC market snapshot. Project websites, repositories and explorers provide protocol context. MRTNZ stance, constructive path, failure mode and watch items are house judgment.

CoinGecko market page →Official project site →Network or token explorer →Monad primary-source index →