Monad Crypto is trying to eat Solana’s lunch. Monad, a new high-speed layer-1 chain, will hold a $188 million public token sale through Coinbase’s newly launched offering platform and is the first of its kind in the US in over seven years.

Running from November 17 to 22, the sale opens 7.5% of MON’s 100 Bn supply at $0.025 each, pegging MON’s fully diluted value near $2.5 Bn.

(Source: Monad)

Investors in more than 80 countries, including the US, can join with bids between $100 and $100,000. Here’s why this new Solana competitor could soar.

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Why is Everyone Excited About Monad Crypto? A New Era for Public Token Sales

(Source: CoinMcap)

What Monad Crypto is set to do is work hand-in-hand with Coinbase’s new $400 Mn acquisition of crowdfunding startups Echo and Sonar, which will host monthly token sales.

The last wave of retail token sales, the infamous ICO boom of 2017, ended in SEC crackdowns and Pakistani-type rugpulls. But a friendlier policy climate under President Donald Trump’s administration, combined with growing bipartisan support for crypto legislation, has given projects like Monad fresh confidence to revive ICOs.

“Crypto has matured since 2017,” said Monad co-founder Keone Hon. “The world is large, and crypto needs to expand far beyond existing investor circles.”

The sole concern over this token is the tokenomics, which many are calling a “scam” for allocating too much to founders.

According to Tracxn, Monad has already raised $248M from top-tier VCs, including a $225M Series A in March 2024. If the sale is successful, the project’s war chest will rise to $436M, making it one of the most heavily capitalized new blockchains of 2025.

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Galaxy data shows venture capital pouring back into blockchain infrastructure, up 72% this year as investors refocus on scalable, EVM-compatible networks.

Is Monad Building the “Ethereum of the 2030s”?

Monad aims to rival Solana’s throughput while maintaining Ethereum’s security and decentralization, a balance few layer-1s have achieved. It ain’t easy! Read up on “the blockchain trilemma,” kids. Over 50% of MON’s total supply will remain locked at launch to ensure long-term alignment, while 38.5% is earmarked for ecosystem grants and validator programs.

The project’s ecosystem arm, the Monad Foundation, will oversee grant issuance and validator delegation. If successful, this sale could signal a rebirth of regulated public crypto offerings and be a defining moment for Coinbase’s ambition.

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Key Takeaways

  • Monad Crypto is trying to eat Solana’s lunch. Monad, a new high-speed layer-1 chain, will hold a $188 million public token sale.
  • Monad aims to rival Solana’s throughput while maintaining Ethereum’s security and decentralization, a balance few layer-1s have achieved.

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Isaiah Mccall
Isaiah Mccall
99BTC Japan Correspondent

Isaiah McCall is an ultramarathon runner and Japan Correspondent for 99Bitcoins. He started at USAToday in 2019 and now has a Medium blog following of 30k+ and millions of views. Follow him at @AfroReporter Read More

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