Herd is covering the Monad ecosystem!
The Herd team is doing a nice job of automatically disentangling chained dependencies across DeFi. I believe that with better information, we can all make better decisions. Now on Monad
UniswapV2 will use ~half as much gas to swap on Monad next week as MIP-8 goes live.
Instead of slowly one-by-one loading storage slots from disk, Monad will grab 128 slots for the access cost of one slot. Then super cheap and fast to use. (MIP-8 on bottom, 2xing)
Monad's TVL is up $466M in July.
It is now $25M away from entering the Top 10 chains by TVL, closely trailing Polygon.
Monthly perps volume is climbing consistently too, reaching a yearly high of $1.25B (so far) in July mainly driven by @perpltrade.
Stablecoin market cap made a new ATH today, at $630M.
With the rollout of @MetaMask's Money Account, DEX volume should follow suit.
@Monad fundamentals are looking strong.
Data by @DefiLlama.
it's so crazy people don't understand how undervalued monad is
w all the shippin the team has done since the past six months on mainnet
most apps they've shipped that don't exist anywhere else on chain
series of hackathons, events builders capturing, going mainstream etc
htf is monad's mcap still at 277m
it's criminal 😭
Update to the announcement below:
Category Labs is expanding the potential open-market purchase authorization up to $80 million and extending the period through the end of 2026. Any purchases, if made, may be initiated, suspended or discontinued at our discretion and will be conducted in accordance with applicable laws and regulations. This update does not constitute a commitment to acquire any specific amount of tokens, but reflects our intent to consider opportunistic purchases depending on market conditions.