Gate News Bot Message, March 05, According to CoinMarketCap data, as of press time, MON (Monad) is currently trading at $0.02, up 8.88% in the past 24 hours, with a high of $0.02 and a low of $0.02. The current market cap is approximately $242 million, an increase of nearly $19.8 million compared to yesterday. Monad is a next-generation, Ethereum-compatible high-performance blockchain that offers 10,000 TPS, sub-second finality, low fees, and scalable decentralization. The chain is compatible with EVM at the bytecode level, with Solidity contracts, EVM addresses, infrastructure, tools, and libraries ready to use out of the box. Monad uses a custom database and low system requirements, allowing validators to run nodes on consumer-grade hardware, enabling true decentralization from day one.

Foresight News reports that the NFT series Pudgy Penguins is launching a mystery box redemption event. Users can choose to exchange the mystery box for a physical box or destroy it to receive a soul-bound token. The choice will be irreversible once made. The option to redeem the soul-bound token will be available until March 4th, and the physical box option will be available until September 1st.