MON (Monad) increased by 10.67% in the past 24 hours

MON2,99%
BTC1,23%

Gate News Bot Message, February 5th, according to CoinMarketCap data, as of press time, MON (Monad) is trading at $0.02, up 10.67% in the past 24 hours, reaching a high of $0.02 and a low of $0.02. The current market cap is approximately $212 million, an increase of $20.5 million compared to yesterday.

Monad is a next-generation EVM-compatible public chain built for scalability. The network offers 10,000 TPS transaction throughput, sub-one-second finality, and low fees, while maintaining decentralized scalability. MON is fully compatible with EVM bytecode, allowing users to directly use Solidity contracts, EVM wallets, infrastructure, and development tools without learning a new tech stack.

Monad uses a custom database and low system requirements design, enabling validators to run nodes on consumer-grade hardware. The network has over 200 validator nodes, achieving true decentralization from day one, and continues to expand as demand grows.

Important recent news about MON:

1️⃣ Liquidity environment for risk assets remains under pressure The current crypto asset market risk appetite is generally low. The US dollar interest rate differential has supported the dollar since the beginning of the year, making it difficult for crypto assets like Bitcoin to serve as a hedge against the dollar. Instead, they are positioned as liquidity-sensitive risk assets. This shift in positioning directly impacts capital flows within the crypto ecosystem, so even if the dollar weakens, risk assets still face ongoing capital pressure, limiting the upside potential for secondary public chains like MON.

2️⃣ Market still lacks macro growth expectations The dollar’s weakness mainly results from short-term capital flows and market sentiment changes, rather than fundamental shifts in growth or monetary policy expectations. This means the market lacks clear expectations for economic recovery, and risk assets struggle to gain mid-term fundamental support. Against this backdrop, MON’s 10.67% increase mainly reflects short-term technical correction or market sentiment fluctuations, rather than signs of macroeconomic improvement.

This message is not investment advice. Please be aware of market volatility risks when investing.

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