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Ethereum News Today: High TPS, Low Confidence: Monad's Debut Sparks Decentralization Debate

Ethereum News Today: High TPS, Low Confidence: Monad's Debut Sparks Decentralization Debate

Bitget-RWA2025/11/27 07:38
By:Bitget-RWA

- 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

Virtual Machine (EVM)-compatible Layer 1 blockchain. The listing, revealed on November 24, 2025, enables users worldwide to access MON ahead of many, with its initial trading session already generating a range of opinions. To mark the launch, BingX is running a temporary zero-fee campaign for MON/USDT trades, highlighting the token's .

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

observed with projects like Plasma. Some have voiced concerns about the token's allocation strategy, as the development team controls 27% of the total supply, a proportion . This distribution has led to doubts among community members, who fear it could compromise trust in the network's decentralization .

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

. These innovations are designed to overcome Ethereum's scaling issues while preserving complete EVM compatibility, which is especially attractive for developers wanting to move their applications without major code changes .

Ethereum News Today: High TPS, Low Confidence: Monad's Debut Sparks Decentralization Debate image 0
The token's economic framework is designed to foster long-term ecosystem expansion. Out of the total 100 billion tokens, 38.5% is set aside for ecosystem initiatives, while 30% funds the "Monad Momentum" rewards program, which benefits early users, liquidity providers, and developers . The mainnet rollout also featured a $105 million airdrop, distributing 3.3% of the supply to over 230,000 users, including DeFi participants and NFT collectors . Nevertheless, some recipients were dissatisfied, citing smaller rewards than anticipated and limited immediate uses for the token .

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

. Expert opinions remain split: some interpret the price dip as weak demand, while others believe it signals a healthy price discovery process . The analyst known as Red Hair Shanks commented that "there are no buyers left" after the initial $2.5 billion valuation, pointing to limited follow-up after the public sale .

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

. Still, the project faces hurdles, including regulatory challenges for users outside the U.S. and the possibility of early selling pressure from unlocked tokens .

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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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