Ethereum News Today: High TPS, Low Confidence: Monad's Debut Sparks Decentralization Debate
- BingX, a top crypto exchange, listed Monad's MON token, offering zero-fee trading amid mixed market reactions to its below-expected $0.02417 debut price. - Monad claims 10,000 TPS and EVM compatibility through innovations like parallel execution, but faces skepticism over its 27% team token allocation and decentralization concerns. - The token's $105M airdrop and 38.5% ecosystem allocation highlight growth focus, though users criticized low utility and small allocations in the 3.3% mainnet distribution.
BingX, a prominent player in the crypto exchange sector, is among the earliest platforms to introduce Monad (MON), the core asset of a high-speed
MON's debut on the market has been inconsistent. Soon after launch, its price hovered near $0.02417, slightly under the $0.025 sale price on Coinbase's Token Platform, and saw a moderate $50 million in trading volume during the first 100 minutes—a notable difference from the
Despite a subdued start, Monad's technical features make it a strong candidate in the Layer 1 arena. The blockchain asserts it can handle 10,000 transactions per second (TPS) with near-instant finality and minimal fees, utilizing advancements like parallel processing, the MonadBFT consensus, and RaptorCast networking
MON has quickly gained traction on other exchanges, with HTX and WEEX also listing the token. BingX's zero-fee offer, available until December 1, is intended to draw more traders and liquidity, while Coinbase's public sale—raising $187.5 million—demonstrates significant institutional backing
Looking forward, Monad's trajectory will depend on how widely its ecosystem is adopted. Projects such as Kuru Exchange and aPriori are already developing on Monad, and its emphasis on scalability could make it a rival to Ethereum and
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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