1. 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.

2. 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.

3. All other major allocations (team, investors, Category Labs) remain locked for the entire first year and only start vesting after the 12-month cliff, making the first year the safest period regarding unlock pressure.

Monad’s native token $MON has a fixed total supply of 100 billion MON. At mainnet launch (Nov 24, 2025), 49.4% of total supply was unlocked, but only 10.8% entered circulation.

• Total Supply: 100,000,000,000 MON

• Circulating Supply: 10.83B MON (~10.8%)

• Market Cap: ~$480 million

• Fully Diluted Valuation (FDV): ~$4.4 billion

• 49.4B MON unlocked

• Only 10.8B MON circulating

• 38.5B MON ecosystem pool → controlled by Monad Foundation (not market supply)

• 50.6B MON remains locked

• Belonging to Team, Investors, Category Labs

• 1-year cliff

• After 12 months: ~10.7% of total supply unlocks

• Rest vests monthly for 36 months

• Fully unlocked by Q4 2029

• Same as team:

  • 1-year lock

  • 36-month linear vesting

• Fully unlocked by Q4 2029

• 1-year lock + 36-month vesting

• Fully unlocked by Q4 2029

• 100B MON total

• 10.83B circulating

• ~$480M market cap

• ~$4.4B FDV

• 49.4% unlocked at TGE, but:

  • Ecosystem 38.5% = controlled pool, not circulating

• Only 10.8% actual circulating in first year

• All other allocations locked for Year 1

• No major unlocks until 1 year after TGE

• Vesting lasts until Q4 2029

• Coinbase Token Sale Disclosure

• Monad Foundation documentation

• CoinMarketCap

• CoinGecko

• Bitget Research

All numbers verified as of November 2025.

1. 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.

2. 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.

3. All other major allocations (team, investors, Category Labs) remain locked for the entire first year and only start vesting after the 12-month cliff, making the first year the safest period regarding unlock pressure.

Monad’s native token $MON has a fixed total supply of 100 billion MON. At mainnet launch (Nov 24, 2025), 49.4% of total supply was unlocked, but only 10.8% entered circulation.

• Total Supply: 100,000,000,000 MON

• Circulating Supply: 10.83B MON (~10.8%)

• Market Cap: ~$480 million

• Fully Diluted Valuation (FDV): ~$4.4 billion

• 49.4B MON unlocked

• Only 10.8B MON circulating

• 38.5B MON ecosystem pool → controlled by Monad Foundation (not market supply)

• 50.6B MON remains locked

• Belonging to Team, Investors, Category Labs

• 1-year cliff

• After 12 months: ~10.7% of total supply unlocks

• Rest vests monthly for 36 months

• Fully unlocked by Q4 2029

• Same as team:

  • 1-year lock

  • 36-month linear vesting

• Fully unlocked by Q4 2029

• 1-year lock + 36-month vesting

• Fully unlocked by Q4 2029

• 100B MON total

• 10.83B circulating

• ~$480M market cap

• ~$4.4B FDV

• 49.4% unlocked at TGE, but:

  • Ecosystem 38.5% = controlled pool, not circulating

• Only 10.8% actual circulating in first year

• All other allocations locked for Year 1

• No major unlocks until 1 year after TGE

• Vesting lasts until Q4 2029

• Coinbase Token Sale Disclosure

• Monad Foundation documentation

• CoinMarketCap

• CoinGecko

• Bitget Research

All numbers verified as of November 2025.