TL;DR (3 Key Points)Only 10.8% of MON is circulating in the first year, giving it a ~$480M market cap, which is very low for a Tier-1 Layer 1 blockchain at launch imo.The 38.5% ecosystem allocation is unlocked but fully controlled by the Monad Foundation and is reserved for ecosystem rewards, grants, validator incentives, and growth, it does not enter circulation freely.All other major allocations (team, investors, Category Labs) remain locked for the entire first year and only start vesting ...

TL;DR (3 Key Points)Only 10.8% of MON is circulating in the first year, giving it a ~$480M market cap, which is very low for a Tier-1 Layer 1 blockchain at launch imo.The 38.5% ecosystem allocation is unlocked but fully controlled by the Monad Foundation and is reserved for ecosystem rewards, grants, validator incentives, and growth, it does not enter circulation freely.All other major allocations (team, investors, Category Labs) remain locked for the entire first year and only start vesting ...