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Monad Mainnet Live: Massive Token Supply Unveiled

Summary

  • Monad blockchain launched with 100 billion MON tokens, 10.8% circulating.
  • Celestia's Matcha upgrade boosts capacity and cuts inflation to 2.5%.
  • TIA token is up 6% but down 97% from its all-time high.
Monad Mainnet Live: Massive Token Supply Unveiled

The layer-1 Monad blockchain has gone live, introducing its native MON token with a total supply of 100 billion. A significant portion, 10.8%, is currently circulating, with a public sale on Coinbase's Token Platform and an airdrop distributing these tokens. The Monad team emphasizes its network's high performance and EVM compatibility, aiming to scale Ethereum's infrastructure for future growth and mainstream adoption.

Concurrently, Celestia has rolled out its most substantial software update to date, named Matcha. This upgrade dramatically enhances network capacity by increasing the maximum block size to 128 MB and refining data propagation methods. It also introduces economic improvements, slashing annual token inflation from approximately 5% down to 2.5%.

Matcha also focuses on bolstering Celestia's role as a cross-chain data availability and asset routing layer by removing token filters for bridges. While Celestia's TIA token has seen a recent 6% rise, it currently trades significantly below its historical peak. These developments highlight ongoing innovation and scaling efforts within the blockchain ecosystem.

Disclaimer: This story has been auto-aggregated and auto-summarised by a computer program. This story has not been edited or created by the Feedzop team.

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