Monad has recorded more than $200 million in total value locked (TVL) within 18 days of its mainnet launch, signaling early traction in decentralized finance (DeFi) adoption.
Key Takeaways:
- Monad’s DeFi ecosystem has crossed $200M in TVL less than three weeks post-mainnet-launch, driven by liquidity deposits across early DeFi protocols.
- Despite TVL growth, MON token price saw a noticeable drop at approximately 9%.
- Network activity remains strong with rising addresses and application usage, though sustainability of incentives‑driven TVL remains a key metric to watch.
The Monad blockchain officially launched its mainnet on November 24, 2025, unveiling a high‑performance EVM‑compatible Layer‑1 network built for fast, low‑cost smart contract execution. Within 18 days of going live, total value locked (TVL) climbed above $200 million. Given the short timeframe since mainnet launch, reaching $200M marks a notable achievement relative to other new blockchains, especially in the current market environment.
This rapid TVL build came as developers and liquidity providers deployed capital across yield farms, liquidity pools, and cross‑chain bridges on early DeFi protocols within the Monad ecosystem. AUSD, Agora, and other protocols have collectively drawn significant deposits, buoyed by incentives designed to bootstrap activity and encourage early adoption.
MON Token Shows Volatility Despite TVL Surge
As of this writing (12:15PM UTC), TradingView’s live data shows that MON token is trading near $0.02141, with a noticeable drop of 9.1% in the last 24 hours, suggesting a performance opposite to its initial initial coin offering (ICO) and early post-launch highs.
After debuting at roughly $0.025 during its public sale on Coinbase’s token launch platform and spiking above those levels immediately following listings, MON saw volatility as traders rotated profits. In the days after launch, pricing momentum subsided and the token retraced below its ICO price, reflecting both broader crypto market volatility and profit-taking behavior.
Early Adoption Signals Strong Network Usage
Aside from TVL, network usage data points to heightened engagement. The number of unique holders and active addresses has risen since mainnet activation, while transaction counts indicate growing on-chain interaction. These trends suggest that crypto investors and DeFi users are not just depositing value, but also engaging with applications, which is a critical factor of whether an ecosystem can last.
Also, how quick Monad’s ecosystem absorbed liquidity shows the efficiency of the network’s architecture as well as the community speculation that it can also compete with other well-established chains.
Analysts Weigh Risks Against Monad’s Rapid Rise
Following Monad’s impressive TVL growth, the community experts’ response was divided. Some analysts sees it as a validation of the network’s performance-focused design and EVM compatibility. Meanwhile, others are cautious, as early TVL figures may be heavily influenced by incentives, warning that volatility could persist if user activity fails to remain consistent once rewards decline.
Such mixed views are normal for newly launched blockchains, where speculative inflows often outpace organic adoption. For Monad, analysts say the next phase will depend on whether transaction volumes and application usage continue to grow alongside TVL, signaling more sustainable demand rather than short-term capital rotation.
Outlook
Monad’s outstanding TVL surge places itself among the noteworthy blockchain launches of late 2025. But its future depends on converting early momentum into long-term ecosystem growth, attracting developers, and maintaining user engagement beyond incentive-driven participation.
For now, the broader DeFi landscape will watch closely whether Monad’s promising start can turn into sustained crypto investment interest and deeper integration with decentralized financial services.
Summary
Monad reached over $200 million in TVL within 18 days of its mainnet launch on November 24, 2025, showing strong early DeFi engagement even as MON token price experienced short-term volatility and analysts warn to watch for sustainability beyond incentives.
