Monad ecosystem in 3D
Monad, a fast blockchain compatible with Ethereum apps, as a space station: the four biggest apps of each type are satellites docked to it, sized by the money they hold.
- DeFi TVL
- $890.2M
- MON
- $0.019
- Stablecoins
- $645.6M
The 3D view needs WebGL, which your browser doesn't support. The figures below still work.
DeFi deposits over time
Peak: $1.04B in Oct 2026. Today: $890.2M.
Main protocols on Monad
The 40 apps with at least $1M on Monad. Deposits on Monad only; 7-day change shown for apps that run only on Monad.
| # | Protocol | Type | TVL on Monad | 7 days |
|---|---|---|---|---|
| 1 | Lending | $263.3M | — | |
| 2 | Lending | $193.3M | — | |
| 3 | Risk Curators | $177.0M | — | |
| 4 | Lending | $168.9M | — | |
| 5 | Risk Curators | $166.6M | — | |
| 6 | Yield | $148.4M | — | |
| 7 | Lending | $134.2M | +1.1% | |
| 8 | RWA | $106.1M | +0.2% | |
| 9 | Stablecoins (CDP) | $66.0M | — | |
| 10 | Yield vaults | $44.4M | — | |
| 11 | DEXs | $27.6M | — | |
| 12 | Risk Curators | $25.3M | — | |
| 13 | Yield vaults | $20.0M | — | |
| 14 | Risk Curators | $18.9M | — | |
| 15 | Risk Curators | $17.5M | -2.2% | |
| 16 | Risk Curators | $12.9M | — | |
| 17 | Risk Curators | $11.7M | — | |
| 18 | Risk Curators | $9.3M | — | |
| 19 | Yield vaults | $9.1M | — | |
| 20 | DEXs | $8.8M | — | |
| 21 | Yield | $7.6M | — | |
| 22 | Liquid Staking | $7.0M | -3.8% | |
| 23 | Lending | $6.0M | -5.9% | |
| 24 | Yield Aggregator | $5.6M | — | |
| 25 | Risk Curators | $5.6M | — | |
| 26 | Yield | $4.8M | — | |
| 27 | DEXs | $3.7M | — | |
| 28 | Derivatives | $3.2M | -2.3% | |
| 29 | DEXs | $2.6M | — | |
| 30 | DEXs | $2.5M | — | |
| 31 | Derivatives | $2.1M | -7.2% | |
| 32 | RWA | $2.1M | — | |
| 33 | Bridge | $2.0M | — | |
| 34 | Prediction Market | $1.8M | -0.4% | |
| 35 | Liquid Staking | $1.4M | — | |
| 36 | DEXs | $1.2M | — | |
| 37 | Yield | $1.2M | — | |
| 38 | Yield Aggregator | $1.2M | — | |
| 39 | Risk Curators | $1.1M | — | |
| 40 | RWA | $1.0M | — |
Where the money sits
DeFi deposits by type of app, for the apps above. These can add up to more than the headline TVL because some money is counted twice — for example, a staked token that is then deposited in a lending app.
Top exchanges by volume
Trading volume on Monad's DEXs in the last 24 hours.
How the pieces connect
A typical path money takes through Monad DeFi. Each step uses what the previous one produced.
- 1
Bridge
Bring stablecoins or ETH from other chains, or buy MON.
BridgesExchanges - 2
Stake
Stake MON and get a liquid token back that keeps earning.
ShMonadKintsu - 3
Lend
Deposit and borrow in lending markets, often through curated vaults.
AaveEulerMorphoCurvance - 4
Earn & trade
Fixed-yield markets, vaults and DEXs.
PendleHyperithmUniswapCurve
Underneath it all: stablecoins such as USDC, with Singapore-dollar stablecoins from StraitsX planned.
Beyond DeFi
MonadBFT
Monad’s consensus system, with blocks every ~0.4 s and finality in under a second.
Parallel exec
Runs many transactions at once while staying compatible with Ethereum apps.
RaptorCast
A faster way to spread blocks across the network, allowing bigger blocks.
EVM
Ethereum apps, wallets and tools work on Monad without changes.
Category Labs
The company behind Monad, founded by former Jump Trading engineers.
Coinbase sale
MON was sold to the public through Coinbase’s token-sale platform in November 2025.
StraitsX
XSGD and XUSD stablecoins planned natively on Monad by early 2027.
Buybacks
The team said it may buy back up to $30M of MON in the first half of 2026.
Best stablecoin yields
Pools with more than $1M deposited. Rewards are paid in tokens and can change daily.
| Protocol | Pool | APY | Deposits |
|---|---|---|---|
| Pendle V2 | SUSDAT | 22.2% | $1.8M |
| Ember | USDC | 18.9% | $1.0M |
| Mento V3 | AUSD-USDM | 13.9% | $2.2M |
| Pendle V2 | SUSDAT | 13.4% | $1.8M |
| Accountable | USDC | 13.0% | $7.4M |
| Accountable | USDC | 12.1% | $5.4M |
| Pendle V2 | SUSDE | 11.9% | $20.1M |
| Pendle V2 | STRUSD | 11.5% | $1.5M |
| Pendle V2 | STRUSD | 11.1% | $1.5M |
| Euler V2 | AUSD | 10.6% | $1.6M |
Not financial advice. Higher yields usually mean higher risk.
The MON token
Total supply 100 billion; most of it is still locked. All-time high $0.049 (Nov 2025).
- Total supply
- 100B MON
- Launched
- Nov 2025 (Coinbase sale)
- Next big unlock
- Around 24 Nov 2026
- Buyback
- Up to $30M (H1 2026)
A large release of team and investor tokens is expected around the network’s first anniversary in November 2026, which could weigh on the price.
Key moments
- 2022Monad is founded by former Jump Trading engineers.
- Apr 2024Raises $225M in a round led by Paradigm.
- Feb 2025Public test network opens.
- Nov 2025MON token sale on Coinbase, then mainnet launch with an airdrop.
- Jan 2026The team says it may buy back up to $30M of MON.
- Aug 2026Early investors are offered up to $60M to cash out; almost all decline.
- Nov 2026First-anniversary unlock of team and investor tokens expected.
Monad vs. Solana vs. Sui
This dashboard is for information only and is not financial advice. Figures from third-party sources may be delayed or revised.