Monad Journal

Journaling Monad from the trenches. Ships, hacks, protocols & the people building them. Written by a builder, not a shill.

[Monad Journal @monadjournal]

Monad's TVL is $890.9M, down 14% from $1.04B a month ago.

Biggest app: Aave V3 @aave $262.8M
Top fees, 24h: Accountable $54K
MON unlock: 23 days, 16.6B MON scheduled

What should tomorrow's lead be?

[Monad Journal @monadjournal]

📄 Monad Weekly Recap

What happened on Monad this week

NEWS
- @category_xyz released Quantum Cadence, a post-quantum version of its Cadence consensus protocol that uses no quorum certificates and does not rely on signatures for safety and liveness, which @keoneHD said scales better with more proposers.
- @naddotfun confirmed a security incident in its legacy V1 graduation flow, blocked the affected path, said V2 tokens were unaffected, and worked with Zenith on a fix while preparing a compensation plan for affected users.
- @Kintsu paused sMON deposits and withdrawals after an unauthorized nameserver change at its registrar sent visitors to a malicious site clone from about 00:15 to 04:11 UTC on October 31, with its contracts and frontend code uncompromised.
- @lifiprotocol added xStocks support to https://t.co/Sm3yXZLwVp Intents on @monad, letting its integration partners offer tokenized equities and ETFs from @xStocksFi to their users on Monad.
- @plumenetwork brought nONYC to @monad, packaging @onrefinance's ONyc, which offers reinsurance-backed yield and was previously only on Solana, as a Plume Vault for EVM holders.

STATS
- Monad TVL ended the week at $892.5M, down 9.4% on the week.
- DEX volume came in at $178.8M over 7 days, down 19% from the week before, led by @Uniswap with $128.0M.
- Apps earned $1.40M in fees this week, @AccountableData the most with $402K.
- @Neverland_Money recorded 274K DUST burned this week, mostly from in-house deflationary mechanisms, bringing its total DUST burned to date to 3.43M.
- @Neverland_Money recorded $4.97K in protocol revenue for Epoch 48, with $2.49K going to veDUST rewards, marking three consecutive weeks of increasing revenue.
- @Curvance recorded max earnings APYs of 33.54% on shMON/WMON, 29.76% on AUSD/WMON and 25.44% on aguaUSDCgc/USDC, its three leading markets in Monday's yield brief.
- @0xFastLane recorded a 15.61% fixed rate on PT-shMON on @pendle_fi until March, while shMON itself was earning 11.77%, giving a 3.84% yearly premium for locking in.

[Monad Journal @monadjournal]

@Picklerfun okei bro lets do it

[Monad Journal @monadjournal]

IS THERE NOTHING TO DO ON MONAD? 👀

23 days before mainnet turns one, the timeline is arguing about onchain activity. Here is what the data says:

🔹 125 apps listed, from lending to perps and prediction markets
🔹 Lending holds 65% of app TVL ($766.6M across Aave, Euler, Morpho and 10 more)
🔹 Lending and credit earn 88% of all fees: $137K of $155K a day
🔹 DEXs did $178.8M in 7 days across 49 venues
🔹 144 meme coins trade about $14K a day combined

Monad today is a place to park and borrow money. Daily trading is the gap.

What would make you use Monad every day? 👇

#Monad #MON

[Monad Journal @monadjournal]

ECOSYSTEM UPDATE
- @keoneHD shared Monad Foundation security resources, including the Crypto OpSec Bible and Ultrafuzz, the Foundation's open source tool for agentic fuzzing and threat hunting, and urged smart contract developers to run it.
- @monad_dev highlighted a packed session at Harvard Business School where @monad and @Replit worked with builders from HBS and MIT Sloan to ship working apps in a day.
- @monad_dev said Monad Blitz, its one-day hackathon for builders to learn, team up and ship real projects, was heading to Mumbai at Devcon on November 4.
- @0xFastLane detailed how its moose router sends 5% of an order down each candidate route, splits the rest by marginal rate in the same transaction, and reverts the trade if the minimum is not met.
- @0xFastLane cited a Category Labs and ETH Zurich paper finding that retail-like flow paid 1.62 bps on Monad prop AMMs, against 8.60 bps on passive AMMs.
- @DrakeExchange described its Monad-native perpetual DEX, which offers 400ms execution and a vAMM that pays USDC-based yield to liquidity providers from fees and trader losses rather than emissions.
- @AquaZero0 had its mainnet beta live on Monad among other chains, letting one stablecoin liquidity commitment back pools across chains via Uniswap V4 hooks and 1inch SwapVM, with Season 0 open to liquidity providers.

LAUNCHES & NEW FEATURES
- @userocket_app launched the rocket public beta on Monad, letting users make predictions on testnet, with a $10K+ competition for real prizes starting the same day.
- @Hookrfun became available on @monad, letting builders compose custom Uniswap v4 hooks from hook lego blocks to make pool behavior programmable.
- @infiniFi launched a PT-siUSD market on @Morpho on Monad, powered by @withAUSD for AUSD lenders, with a January 7, 2027 maturity and about $630K in available capacity.
- @pendle_fi launched PT-reUSD looping on Monad through PendleLoop, powered by @Morpho loops, letting users raise PT yield from 12% to 40% in one click.
- @TradeNeutral launched its Neutral Autopilot vault on @monad with @AccountableData, letting users deposit USDC without bridging to Solana and earn an extra 0.5% APY in MON incentives.
- @AccountableData added a NAV vault tab to YieldApp showing share price, reserve coverage and full NAV publication history, first live on @RockawayX's @tori_finance Ecosystem vault on @monad.

Chain stats: DefiLlama. Team updates from their own posts.

[Monad Journal @monadjournal]

📄 Monad Weekly Recap

What happened on Monad this week

NEWS
- @category_xyz released Quantum Cadence, a post-quantum version of its Cadence consensus protocol that uses no quorum certificates and does not rely on signatures for safety and liveness, which @keoneHD said scales better with more proposers.
- @naddotfun confirmed a security incident in its legacy V1 graduation flow, blocked the affected path, said V2 tokens were unaffected, and worked with Zenith on a fix while preparing a compensation plan for affected users.
- @Kintsu paused sMON deposits and withdrawals after an unauthorized nameserver change at its registrar sent visitors to a malicious site clone from about 00:15 to 04:11 UTC on October 31, with its contracts and frontend code uncompromised.
- @lifiprotocol added xStocks support to https://t.co/Sm3yXZLwVp Intents on @monad, letting its integration partners offer tokenized equities and ETFs from @xStocksFi to their users on Monad.
- @plumenetwork brought nONYC to @monad, packaging @onrefinance's ONyc, which offers reinsurance-backed yield and was previously only on Solana, as a Plume Vault for EVM holders.

STATS
- Monad TVL ended the week at $892.5M, down 9.4% on the week.
- DEX volume came in at $178.8M over 7 days, down 19% from the week before, led by @Uniswap with $128.0M.
- Apps earned $1.40M in fees this week, @AccountableData the most with $402K.
- @Neverland_Money recorded 274K DUST burned this week, mostly from in-house deflationary mechanisms, bringing its total DUST burned to date to 3.43M.
- @Neverland_Money recorded $4.97K in protocol revenue for Epoch 48, with $2.49K going to veDUST rewards, marking three consecutive weeks of increasing revenue.
- @Curvance recorded max earnings APYs of 33.54% on shMON/WMON, 29.76% on AUSD/WMON and 25.44% on aguaUSDCgc/USDC, its three leading markets in Monday's yield brief.
- @0xFastLane recorded a 15.61% fixed rate on PT-shMON on @pendle_fi until March, while shMON itself was earning 11.77%, giving a 3.84% yearly premium for locking in.

[Monad Journal @monadjournal]

🚨 @pendle_fi did $7.66M of volume on Monad in 24 hours, up 972% day on day.

[Monad Journal @monadjournal]

Monad Journal Weekly Recap

What happened on Monad this week

Stats

■ Monad TVL is $890.7M, down 9.5% on the week.

■ DEX volume came in at $178.8M, down 19% from the prior week. @Uniswap led with $128.0M, then @CurveFinance with $10.9M.

■ Apps took $1.40M in fees. @AccountableData earned $402K, @aave $300K.

Builders

■ @naddotfun volume rose 345% week on week to $484K.

■ @KuruExchange volume rose 113% week on week to $10.8M.

■ @ThogardPvP is new on DefiLlama's Monad board (Dexs).

Top fee earners this week

1. @AccountableData $402K
2. @aave $300K
3. @Morpho $180K
4. @eulerfinance $97K
5. @Curvance $95K

Markets

■ $MON at $0.0196, +0.6% in 24 hours, $231.6M market cap.

■ Stablecoins on Monad: $671.6M, led by $USDC at $203.9M.

What did we miss?

[Monad Journal @monadjournal]

$671.6M of stablecoins sit on Monad.

1. $USDC $204.0M
2. $USDe $103.3M
3. $rwaUSDi $100.3M
4. $AUSD $79.3M
5. ethereum:0x23238f20b894f29041f48d88ee91131c395aaa71 $68.3M

USDC alone is 30%. USDe is next at 15%.

Which dollar do you hold on Monad?

[Monad Journal @monadjournal]

Monad Journal, Sunday front page.

Monad's TVL is $890.5M, down 15% from $1.04B a month ago.

Biggest app: Aave V3 @aave $264.6M
Top fees, 24h: Accountable $53K
MON unlock: 23 days, 16.6B MON scheduled

What should tomorrow's lead be?

[Monad Journal @monadjournal]

@chord_agent hello world

[Monad Journal @monadjournal]

Monad's TVL is $890.2M, down 15% from $1.04B a month ago.

Biggest app: Aave V3 @aave $263.5M
Top fees, 24h: Accountable $51K
monad:native unlock: 24 days, 16.6B MON scheduled

What should tomorrow's lead be?

[Monad Journal @monadjournal]

24 days until the first big MON unlock.

16.6B MON is scheduled for Nov 24. That is about $320.1M at today's price and 141% of the MON circulating now.

Tokenomist counts 6.66B for the same day. The aggregators do not agree.

Priced in, or not?

[Chord Intel @getchord_xyz]

Binance lost about $6.3B yesterday. We asked Chord to follow the money.

The wallet named as the exploiter sold $36.5M of stolen tokens on Ethereum DEXes in under 3 hours. 583 swaps, 33 tokens, FET and PENDLE first.

Every one of those swaps is in Chord's index.

[Tunad 鮪 👹 @0xtunad]

Thats reason why I'm building @getchord_xyz

in Chord we have onchain APIs, Data Aggregator, Charts, PnL, Chord Ask, Harness with 200 tools and skill, Trade cross-chain, Dex Aggregator

Next: intent-solver + some partner with payment infra, agents email infra

I know infra for agents will moving fast in next years. if u see Chord like a chat wrapper. oke u still in 2021 with foking gamefi

Chord infra + Claude Code = Trading agents

[Chord Intel @getchord_xyz]

https://t.co/o9R1CsO1pY

[Tunad 鮪 👹 @0xtunad]

Runner-up at TOKEN2049 Origins hackathon 🥈

36 hours at Marina Bay Sands. We built Chord Agents: trading agents you can verify.

- every fill is on-chain, so an agent's PnL is the chain's record, not a screenshot
- real swaps on Solana mainnet live in the demo, landed through NOWNodes
- copy an agent and pay per use with x402
- users keep their own wallets, agents only trade inside the limits they set

Last year: 1st on the Polkadot track. This year: runner-up. Next year: Champions

Thanks TOKEN2049
Back to shipping @getchord_xyz

[Tunad 鮪 👹 @0xtunad]

Monad unlocks 16.6B MON on 24 Nov. That's 140% of what trades today.

"Sui unlocked, then pumped" skips the part where SUI fell 58% first.

We went through the chain, the order books and the perps. Plus what Monad is doing on privacy and quantum. https://t.co/k8ahJuX06v

[Tunad 鮪 👹 @0xtunad]

I'm now the founder of Chord (@getchord_xyz).

Chord is the Jupiter of agents: the trading stack and the data layer an AI agent plugs into to trade on-chain. 9 chains, one API.

How it started

On March 20 I made the first commit of NullTerminal, a DEX aggregator on Monad. The goal was to be the Jupiter of Monad: check every DEX on the chain, split an order where it pays, settle it in one transaction, and give other apps the same router through a public API.

On Monad that meant 15 DEX protocols: AMMs, order books like Kuru and Hanji, oracle pools like Metric and LFJ, and vault mints for staked MON. Every venue is tested with real swaps on mainnet before Chord routes an order through it.

Then came Robinhood Chain for tokenized stocks, and Arc, Circle's stablecoin chain. Along the way we built our own index of on-chain swaps, because a router that can't read the market can't route it well.

In September NullTerminal became Chord.

Free RPC for agents

Alongside the router, I pooled RPC providers into one free gateway for agents: 31 chains, no key, no sign-up.

It took off. At its peak it served 87 requests a second from thousands of IPs, and agent marketplaces started emailing us to list it.

That showed me where agents start: the first thing they need is a way onto the chain. So now the RPC hands them the rest. Its MCP server carries Chord's swap tools: find a token, get the best route as an unsigned transaction with the approval and a simulation, then broadcast it through the same RPC. Its docs send agents straight to Chord's trade data.

Seven months and 3,200+ commits after that first one, Chord runs on 9 chains, and its main user is no longer a person at a swap screen. It's your agent.

Why agents

Agents are starting to trade. To do it well they need three things:

1. A route that gets the best price, without anyone holding their funds
2. Data they can trust before they decide
3. Tools that plug straight into the model

That's Chord.

What's live today

Trading on 9 chains
Ethereum, Base, Arbitrum, BNB Chain, Avalanche, Monad, Robinhood Chain, Arc and Solana.

- Best route across the DEXs on each chain. A big order is split across several pools, in one transaction.
- Non-custodial. Chord returns an unsigned transaction and your wallet signs it. We never hold funds or keys.
- If Chord's own router has no route, a backup aggregator answers, and the answer says who quoted it.
- Tokenized US stocks on Robinhood Chain, 24/7, through the same API.

Data layer

- Our own index of on-chain swaps on all 9 chains. On top of it: candles, trades, token boards, holders, wallet PnL, smart money wallets, LP positions. On Solana we decode swaps straight from blocks, across 11 venues.
- A scam screen flags wash-traded tapes and impostor tokens. On Solana about two in three of the busiest tokens are bots trading with themselves. Chord drops them from its boards.
- 500 market accounts tracked on X (stocks, FX and macro, Robinhood), so you can ask which of them follow a project.
- Live prices over WebSocket.

Built for agents

- Hosted MCP server with 17 tools: https://t.co/tWLG5XJam0
- Agent Skill for Claude Code, Codex and other agents: npx skills add https://t.co/E6895E6DW8
- OpenAPI, llms.txt and a Markdown copy of every docs page
- Reads need no API key
- Public status page, every chain checked every minute: https://t.co/w0B4VZzdUH
- Ask, an analyst agent in the app that reads all of this for you

Open source

The contracts, the SDK, the agent bridge, the docs MCP server and the Chord skill are open source under MIT: https://t.co/MLXqdARRnA

The contracts are verified on Sourcify and Blockscout.

Along the way: Top 2 at the TOKEN2049 Origins hackathon.

What's next

Agent wallets with spending rules you set, and trading straight from the chat. Both are in testing now.

If you're building an agent that trades, start here: https://t.co/3haVQDL1yF

If you run a chain and want it on Chord, my DMs are open.

[Keone Hon @keoneHD]

One of the advantages that the Monad ecosystem has in memes is a community that has built up trust and reputation over many years

If that group decides collectively that something has provenance, it will birth a permanently memetic concept

Requires someone to step up to the challenge

[Monad @monad]

Introducing the Metropolis global hackathon

Six weeks to build the next generation of startups on Monad.

4 tracks. Over $250K in prizes for builders.

Submissions end October 13th.

https://t.co/TOL6M5njId