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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 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
Category | % | Amount (B MON) | Unlock Status |
|---|---|---|---|
Ecosystem Development | 38.5% | 38.5B | Unlocked at TGE (controlled by Foundation) |
Team | 27.0% | 27B | 1-year lock, then 36-month linear vesting |
Investors | 19.7% | 19.7B | 1-year lock, then 36-month linear vesting |
Public Sale | 7.5% | 7.5B | Fully unlocked at TGE |
Category Labs | 3.95% |
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.
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 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
Category | % | Amount (B MON) | Unlock Status |
|---|---|---|---|
Ecosystem Development | 38.5% | 38.5B | Unlocked at TGE (controlled by Foundation) |
Team | 27.0% | 27B | 1-year lock, then 36-month linear vesting |
Investors | 19.7% | 19.7B | 1-year lock, then 36-month linear vesting |
Public Sale | 7.5% | 7.5B | Fully unlocked at TGE |
Category Labs | 3.95% |
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-year lock + 36-month vesting |
Community Airdrop | 3.3% | 3.33B | Fully unlocked at TGE |
TOTAL | 100% | 100B | — |
1-year lock + 36-month vesting |
Community Airdrop | 3.3% | 3.33B | Fully unlocked at TGE |
TOTAL | 100% | 100B | — |
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8 comments
>> MONAD TOKENOMICS << Most ppl are sleeping on $MON tokenomics ngl. DYOR but this looks like top tier L1 setup. TLDR: • Only 10.8% MON circulating in year 1 giving it ~480M FDV at launch. Crazy low for a Tier 1 L1 imo. • 38.5% ecosystem stash is unlocked but fully controlled by the Monad Foundation for rewards, grants, validators, growth. Not hitting circulating supply freely. • Team, investors, Category Labs all locked for 12 months. No early dumps. Year 1 looks giga safe from unlock pressure. More detail below. https://paragraph.com/@ryuhara/monad-tokenomics
Subscribe me (RH Daily) on @paragraph for more degen 🫡 https://paragraph.com/@ryuhara
Thanks! It is a bit on an adventure finding all the different apps for @monad that i saw during testnet.
Based on my time grinding on Base, most apps built on testnet never survive mainnet. Testnet vibes are all about farming community and flexing tech. But once you hit mainnet, the truth shows who has real bags and who is broke. A lot of testnet community darlings usually run a quick public IDO then fade. After that, the big money apps with heavy TVL slide in and take over the mainnet meta.
Very helpful thank you for that reminder.
Gm mon!
gmonad 🫡
Only q is, who is the marginal buyer? So far korean retail seems to be the top driver but the majority had the option to participate in the CB Ico