Monad collects $269M in a pre-mainnet sale consisting of 85,820 members, triggering excitement and price enthusiasm in the crypto community.
The token sale of Monad at Coinbase is officially complete and, according to the official Monad account on X, has raised an incredible 269 million with 85,820 participants. This achievement is a precursor to their much-anticipated mainnet launch on Monday.
This active participation in the sale indicates a lot of trust in the market about the Layer 1 blockchain developed by Monad, the main goal of which is to address the problem of scalability and is entirely compatible with the ecosystem of Ethereum.
This interoperability enables developers to quickly move existing Ethereum smart contracts into Monad, which could increase its use.
Source -X
According to the Monad team through X, this round of financing is a significant milestone in the project as it readies itself to launch its mainnet, which is a significant milestone in going live and enabling the support of decentralised apps at scale.
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The initial sale on Coinbase was a significant attraction, and a large number of investors took part in the sale. In an interview with Coinbase Product Director Scott Shapiro, the rapid subscription acquisition in the first few hours of the initial public offering was mentioned, which is indicative of substantial demand among retail investors.
The token announcement drew different players across the world, implying that many people believed in the technological potential and potential growth of Monad.
The $269 million round follows prior experience of funding rounds after funding rounds. This signifies growing popularity as Monad closed $225 million prior to 2025, with the overall capital infusion supporting wide-ranging expansion and ecosystem expansion initiatives.
In addition to the fundraising, the mainnet launch is an important milestone. It will bring to the market a high-throughput, EVM-compatible network by Monad, which can handle 10,000 transactions per second with near-instant finality, making Monad a serious Ethereum rival.
The introduction of decentralised applications is projected to be jump-started by the launch and draw more members into the ecosystem who will recognise the speed and scalability offered by Monad.
This would precipitate considerable price action since market participants would expect actual utility and network action.
The timeline has been confirmed using key sources such as the Monad official X account and the excitement that the community has become very supportive of, and the transformative potential the mainnet launch promises to MON token valuation.
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