According to CryptoComLearn, Monad has raised $128.7 million in its ongoing presale on Coinbase, reaching approximately 68.57% of its total target. The presale, which began over a day ago, is currently attracting $693,500 in new funds per hour. The sale will continue until November 23, 2026 at 10:00 UTC, with expectations of increased investment as the deadline approaches.
Project Overview
Monad is a parallel EVM-based Layer1 blockchain designed to solve Ethereum's scalability constraints. Its technical innovations include asynchronous execution and optimized consensus mechanisms, achieving peak performance exceeding 10,000 TPS during testnet phases. The Coinbase presale provides strong exchange endorsement and capital for mainnet launch and ecosystem development.
Market Response and Token Price
The native token MON has gained 5.16% over the last 24 hours across multiple exchanges, reflecting positive sentiment tied to presale progress. Analysts note a positive correlation between current price action and capital inflow rate, suggesting potential short-term price spikes if the final phase accelerates.
Risk Considerations
Despite the impressive presale, regulatory uncertainties and technical risks persist. Monad's network previously suffered a 7.645 million eBTC theft (hacker netted only $860,000), raising community concerns about early-stage security. Comparable Layer1 projects like Aptos and Sui raised similar amounts during early presales but delivered varied outcomes. Investors should conduct thorough research and consult financial advisors before making decisions.