Monad Public Sale Surpasses $140 Million: 78.4% of $187.5M Target Achieved

Monad, the high-performance EVM-compatible Layer 1 blockchain, has raised over $140 million in its ongoing public token sale, reaching 78.4% of its $187.5 million target. The sale, which offers 7.5% of the total 100 billion MON supply at $0.025 per token, has demonstrated strong investor interest in Monad’s promise of 10,000 TPS with 0.4-second block times and 800ms finality.

Sale Progress and Momentum

The public sale, hosted on Coinbase’s new token launch platform, began on November 18 and has already surpassed $140 million in commitments—up from $130.7 million (69.7% of target) on November 19. This rapid pace reflects growing enthusiasm for Monad’s technical innovations, including parallel execution and MonadBFT consensus, which aim to deliver Ethereum-level compatibility at Solana-like speeds.

The sale’s structure provides 7.5 billion MON tokens at a fixed price, contributing to a $2.5 billion fully diluted valuation (FDV). With the event set to close on November 23, the final hours could push it toward or beyond the $187.5 million goal.

• Current Raise: Over $140 million (78.4% of $187.5M).
• Token Offered: 7.5% of supply (7.5 billion MON) at $0.025 each.
• FDV: $2.5 billion; total funding to reach $431.5M with this sale.

Monad’s Background: $244 Million in Prior Funding

Monad, founded in 2022 by Keone Hon, James Hunsaker, and Eunice Giarta, has secured $244 million in previous rounds, including a $19 million seed led by Dragonfly Capital in February 2023 and a $225 million Series A led by Paradigm in April 2024 at a $3 billion valuation. Backers include Electric Capital, OKX Ventures, and others. The project aims to address Ethereum’s scalability issues with its custom database and execution engine, targeting 10,000 TPS while maintaining EVM compatibility.

The testnet has processed over 15 million daily transactions, demonstrating its high-throughput potential.

Tokenomics and Allocation

Monad’s 100 billion MON total supply breaks down as:

• Public Sale: 7.5% (7.5 billion MON).
• Team: 27% (26.99 billion MON; 1-year lock, 3-4 year vesting).
• Investors: 19.7% (19.68 billion MON; 4-year vesting).
• Community/Ecosystem: 40% for rewards and growth.
• Liquidity/Marketing: 15%.

No insider allocation in the public sale ensures fairness, with tokens distributed directly to participants.

Market Context: High FDV Amid Competitive Landscape

The sale’s $2.5 billion FDV follows similar high-valuation launches like MegaETH ($1.39 billion commitments at $50 million raise), though Monad’s fixed price and U.S. retail access via Coinbase differentiate it. Europe’s exclusion from the sale and broader market skepticism toward high-FDV projects have tempered enthusiasm, but the $140 million raised in days underscores demand for scalable L1 solutions.

Outlook and Next Steps

With mainnet launch scheduled for November 24, 2025, the public sale’s close on November 23 will determine final distribution. Monad plans immediate access to tools, bridges, and oracles post-launch, targeting global adoption and financial inclusion.

In summary, Monad’s public sale has raised over $140 million, achieving 78.4% of its $187.5 million goal at $2.5 billion FDV, building on $244 million in prior funding for its high-TPS EVM chain set to debut November 24.