Emre Yumlu 
Monad (MON) has captured significant market attention after surging 34.94% within the last 24 hours, marking one of the strongest short-term moves among emerging Layer-1 tokens. This sharp uptick naturally raises the question: What is driving MON’s sudden momentum, and how sustainable is this trend?
Why is Monad Coin Rising?
The primary catalyst behind MON’s rapid appreciation appears to be the promotional activities led by Bitget. The exchange recently launched a 20% APR MON Earn program alongside an 800,000 MON airdrop campaign, both of which run until December 7.
According to Bitget’s trading data, MON’s spot volume jumped to $525 million, reflecting a 35% year-over-year increase during the promotional period. This indicates that yield-oriented traders accumulated MON to qualify for the incentives, creating substantial buying pressure in a short timeframe.
While such campaigns can generate impressive inflows, they tend to concentrate demand at the beginning of the event. As a result, price volatility often emerges once the incentives expire. MON’s market behavior after December 7 will therefore be crucial in determining whether the current rally has lasting strength or merely reflects temporary speculation.
Network Activity Outpaces Capital Commitment
Beyond exchange-driven factors, Monad’s on-chain performance also stands out. The network processed 16 million transactions within seven days, placing it 7th among active blockchains and surpassing established networks like Avalanche and Arbitrum.
Despite this throughput, its Total Value Locked (TVL) remains relatively modest at around $150 million, ranking 36th. This gap suggests that while developers and users are engaging with Monad at the transactional level, deeper capital allocation into DeFi protocols has yet to materialize. Only a handful of platforms—such as Euler Finance, which ranks among the top five on Monad by TVL—are attracting significant liquidity.
This imbalance highlights a key challenge: transaction activity alone may not be sufficient to justify valuation expansion unless TVL growth supports the broader ecosystem.
What Is Monad (MON)?
Monad is a high-performance, Ethereum-compatible Layer-1 blockchain designed to push the boundaries of efficiency without compromising decentralized architecture.
Its technical stack includes MonadBFT consensus, RaptorCast block propagation, asynchronous and parallel execution, JIT compilation, and the MonadDb storage engine. These innovations enable approximately 10,000 TPS, 400 ms block times, and 800 ms finality.
Because Monad supports Ethereum bytecode and standard RPC APIs, developers can migrate or deploy applications with minimal friction.
MON Price Outlook
With MON trading at $0.03132 following its recent surge, short-term momentum is clearly influenced by exchange incentives and heightened market interest.
Over the medium term, however, critical factors such as increased DeFi participation, continued network usage, and the pace at which the remaining 90% locked token supply enters the market will play a major role in price stability.
This article does not constitute financial advice.
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