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Two weeks after its November 24 mainnet launch that sent ripples across the crypto space, Monad has settled into a quieter phase. In the few days following its launch, the MON Token surged to 78%. It hasn’t wildly climbed price-wise, but it now trades at $0.02944, up only 2.4% from what it was two days after its launch. Market cap is up by 11.26% to $319.79M, while circulating supply is at 10.83B.
A detailed recap posted Sunday, December 7 2025 on X by prominent Monad community member “Potato” has crystallized the mood two weeks after mainnet launch.
“The MON token sits 44% below its post-launch high, total value locked has plateaued at $185 million, and lingering frustration surrounds the $105 million airdrop’s heavy weighting toward influencers rather than active contributors”.
The widely shared thread also criticized the incentive program for underwhelming rewards and buggy participating dApps that launched incompletely, while questioning transparency around roughly $1 billion in locked ecosystem-growth funds. Potato highlighted uneven pre-launch role distribution that awarded large drops to low-activity accounts, fueling perceptions of favoritism.
Despite the blunt assessment, replies largely struck a forward-looking tone, with users agreeing the early turbulence has subsided and attention now turning to upcoming catalysts, including social-betting platform Kizzy and native perpetuals exchange Perpl.
insane two weeks, potato. let’s see what’s next.
— Aphrodite (@a_aphrodiite) December 8, 2025
The $105 million community airdrop and Coinbase’s oversubscribed public sale initially drove MON to a 78% intraday gain and $450 million in 24-hour trading volume at some point. Activity has since stabilized, with daily volume averaging $180 million and TVL hovering around $185 million, led by modest deployments on Uniswap, Curve, and a handful of lending protocols. On-chain transaction count climbed up to roughly 15 million last week, which is respectable for a new chain but well short of the explosive growth seen on Solana or Sui during comparable periods.
.@Monad just posted the fastest-growing user base
🟣 +59% in a week. 529K new wallets
🟣 Transactions hit 14.5M
🟣 Smart Money has $1.2M inflow into MON pic.twitter.com/s0sHeT7dhm— Nansen 🧭 (@nansen_ai) December 5, 2025
The holder count currently stands at 9k, per CoinMarketCap. However, major DeFi primitives remain small. Kuru DEX sits at $1.7 million TVL and liquid-staking platforms are making wild numbers.
Most notably, community sentiment on X has shifted from euphoria to measured realism, with several analysts noting that the airdrop’s heavy allocation to influencers rather than active farmers may have limited early liquidity incentives.
Monad’s parallel execution engine has performed as advertised under load, and no critical bugs or exploits have emerged. Still, with most of the token supply still locked and broader altcoin momentum muted, the network faces the classic post-launch challenge of converting technical promise into sustained economic activity.
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