Ethereum News Today: High TPS, Low Confidence: Monad's Debut Sparks Decentralization Debate
- BingX, a top crypto exchange, listed Monad's MON token, offering zero-fee trading amid mixed market reactions to its below-expected $0.02417 debut price. - Monad claims 10,000 TPS and EVM compatibility through innovations like parallel execution, but faces skepticism over its 27% team token allocation and decentralization concerns. - The token's $105M airdrop and 38.5% ecosystem allocation highlight growth focus, though users criticized low utility and small allocations in the 3.3% mainnet distribution.
BingX, a prominent player in the crypto exchange sector, is among the earliest platforms to introduce Monad (MON), the core asset of a high-speed
MON's debut on the market has been inconsistent. Soon after launch, its price hovered near $0.02417, slightly under the $0.025 sale price on Coinbase's Token Platform, and saw a moderate $50 million in trading volume during the first 100 minutes—a notable difference from the
Despite a subdued start, Monad's technical features make it a strong candidate in the Layer 1 arena. The blockchain asserts it can handle 10,000 transactions per second (TPS) with near-instant finality and minimal fees, utilizing advancements like parallel processing, the MonadBFT consensus, and RaptorCast networking
MON has quickly gained traction on other exchanges, with HTX and WEEX also listing the token. BingX's zero-fee offer, available until December 1, is intended to draw more traders and liquidity, while Coinbase's public sale—raising $187.5 million—demonstrates significant institutional backing
Looking forward, Monad's trajectory will depend on how widely its ecosystem is adopted. Projects such as Kuru Exchange and aPriori are already developing on Monad, and its emphasis on scalability could make it a rival to Ethereum and
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Resilience-Focused Business Strategies: The Role of Challenges in Shaping Entrepreneurs and Organizations
- Adversity-driven founders build resilient enterprises through operational discipline and long-term vision, outperforming peers during economic crises. - Case studies like Nikita Hair and Dyson show hardship fosters innovation, customer focus, and iterative resilience critical for scalability. - 2025 investors prioritize founder-led companies with adversity-fueled cultures, exemplified by Berkshire's $30.8B Q3 earnings and Palantir's 121% revenue growth. - Resilient leadership correlates with 20% higher e

Blockchain-Based Charity Transforms the Impact of Cryptocurrency in Hong Kong Fire Recovery Efforts
- Crypto firms led by Animoca Brands and Bitget raised HK$24.5M for Hong Kong fire victims via blockchain-based donations and stablecoin conversions. - Animoca's EVM/Solana fundraiser ensured 100% transparency by channeling funds directly to Red Cross via platforms like Flip. - Bitget's $12M HKD donation through Yan Chai Hospital and Salvation Army highlighted crypto sector's rapid crisis response capabilities. - The initiative demonstrated blockchain's potential for real-time humanitarian aid while addres

Crypto’s Susceptibility to Quantum Attacks Revealed in North Korea’s $30 Million Breach
- South Korea's Upbit suffered a $30M hack by North Korea's Lazarus Group, exploiting Solana wallets and using multi-chain laundering to convert stolen assets into Ethereum . - Hackers employed "Harvest Now, Decrypt Later" tactics, storing encrypted data for future quantum decryption, raising concerns about current encryption standards. - Dunamu halted transactions and faces potential fines, while the attack coincided with its $10.3B Naver Financial merger, sparking timing scrutiny and regulatory delays. -

Solana News Today: Solana Price Swings and Institutional Trust: $140 Emerges as Key Breakout Trigger
- Solana's price nears $140 threshold as technical indicators and record ETF inflows signal institutional-driven structural shift. - $621M in 21-day ETF inflows highlight growing institutional adoption, contrasting with Bitcoin/Ethereum outflows and positioning Solana as a long-term capital magnet. - Franklin Templeton's pending ETF filing and stable derivatives positioning suggest imminent catalysts could trigger breakout or consolidation. - Market remains in holding pattern with $140 resistance critical
