Hyperliquid, the decentralized perpetuals exchange, announced Wednesday that it has listed MON-USD hyperps, allowing traders to go long or short the token in a pre-market phase.
MON is the native token of Monad, a Layer 1 blockchain designed to be fully compatible with the Ethereum Virtual Machine (EVM) — a feature that makes it easier for developers to migrate their applications from Ethereum.
Both Hyperliquid’s announcement and Monad’s recent posts suggest that an airdrop may be imminent, with the project’s official teasing their “airdrop claim loading” feature reaching 98% on Oct. 8, according to Monad’s latest update on X.
Based on trading in the MON-USD hyperp, priced near $0.13, Monad’s fully diluted valuation (FDV) stands at approximately $13 billion, with 100 billion MON tokens expected to be distributed through the airdrop.
The new MON market has already seen strong activity, recording $28 million in trading volume over the past 24 hours on the decentralized exchange.
Read more: Ethereum L1 Monad Joins Forces With Orderly Network for DeFi Boost
In a major development confirmed on SEPTEMBER 30, 2026, Confirmed announcement/filing for ZeroDev Secures $6.7…
Bitcoin and other leading altcoins are poised to outperform over the long term in price…
South Korea remains one of the world’s most active crypto markets, as displayed by its…
Solana’s turning point may be underway, with renowned market analyst Ali Martinez noting strong on-chain support around…
As artificial intelligence (AI) gains steam, Cardano (ADA) is eyeing a piece of this cutting-edge…
A single rumor is sending the XRP community into a full-blown frenzy. Speculation of a…