Monad, a self-proclaimed next-generation, Ethereum-compatible Layer 1 chain with low charges and scalable decentralization, has accomplished its token sale on Coinbase with a considerable oversubscription.
Curiously, just some days earlier than the occasion concluded, the demand was evidently missing, which raised some considerations inside the neighborhood.
$270M Raised From 85K contributors
The staff behind the challenge introduced earlier at the moment that 85,820 contributors took half within the token sale, and the entire raised quantity was $269 million. The co-founder, Keone Hon, famous on X that essentially the most “essential statistic” was not the hundreds of thousands of raised funds however the variety of contributors.
Nonetheless, Hon acknowledged {that a} sizeable portion is “crypto insiders” however believes that many are additionally newbies. He praised the staff for his or her efforts and added that the mainnet launch is scheduled for Monday.
The MON token sale has concluded
The sale greater than offered out, with a dramatic surge of exercise on the finish as many had predicted
However crucial statistic to me is 85,000 contributors
Numerous these people are crypto insiders. However many are newbies. That is extremely…
— Keone Hon
(@keoneHD) November 23, 2025
Monad’s web site explains that the community is EVM-compatible “on the bytecode stage.” Because of this Solidity contracts, EVM addresses, infra, tooling, and libraries work out of the field. Its customized code database and low system necessities permit validators to run on consumer-grade {hardware}, which is meant to offer “actual decentralization from day one.”
Success at Final
The ultimate variety of $269 million signifies the token sale was oversubscribed, because the preliminary purpose was to lift $187 million. Only a few days earlier than the occasion concluded, although, the figures had been completely different and fairly worrying.
Throughout the first day of the token sale on November 17, the staff had reached solely 45% of its goal, which pales compared to different related occasions for Layer 1 or 2 networks. A few of the blame could possibly be attributed to the general crypto market circumstances in mid-November, given the crash that worn out over $1 trillion from the capitalization.
The preliminary numbers prompted Hon to show his help for the challenge and reassert his dedication to creating it a hit.
“Token gross sales are a significant development this yr, and with many gross sales, there’s a sense through which the sale phrases are constructed to make the end result sound as spectacular as doable – “XX oversubscribed” and so forth. Good individuals see via the gamesmanship anyway. Higher to be clear and to concentrate on the stakeholders who will probably be most helpful to the challenge’s development,” he mentioned on the time.
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