#Monad项目发展 Monad mainnet launched on schedule, but the market reaction has been rather lukewarm. After the public sale, MON’s spot price on Coinbase was basically flat with the public sale price, showing a relatively tepid performance. From the data, over $400 million in funding corresponds to an FDV of around $3 billion, making the valuation multiple of about 8x appear fairly conservative. However, this may also reflect the market’s current cautious attitude toward “high FDV, low float” projects.

Notably, Solana’s move to support Monad stands out. By enabling MON trading on the Solana chain via Sunrise DeFi, this cross-chain collaboration model is quite innovative. For MON holders, it offers another highly liquid trading venue; for Solana, it demonstrates the openness of its ecosystem. This kind of coopetition may represent a new trend in the crypto market—whoever can provide the best trading experience and liquidity will attract users.

There are already over 300 projects in the Monad ecosystem, including some high-profile, well-funded projects. The key going forward is whether these projects can truly bring activity and users to Monad. Personally, I suggest focusing on the DeFi sector, especially some innovative lending and perpetual contract platforms, as there may be good early participation opportunities. However, no matter what, always evaluate risks carefully and allocate funds rationally.