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Project Overview
Monad is building a high-performance, Layer 1 blockchain for the next generation of decentralized applications. Monad's mission is to accelerate the disruptive force of decentralization by building a blockchain that is 100x to 1000x faster than its nearest competitors. This will alleviate severe bottlenecks in existing blockchains and enable more complex applications and wider adoption.
Typesafe AI Opens Jev Model, Monad Engineer Uses It to Build 300-Millisecond On-Chain Trading Bot
Odaily reports: AI model developer Typesafe AI has announced the opening of its System One model Jev, removing the waitlist and giving each new user $5 in credits. The project has been developed in stealth for two years and has raised $40 million in cumulative funding.Jev does not support chat; it only accepts facts and closed-ended questions, returning probabilistic results within 70 to 500 milliseconds. Input pricing is $0.042 per million tokens, and output is free. It can answer questions such as buy or sell, yes or no.In a Bitcoin price prediction test, Jev estimated a 55% probability that Binance's one-minute K-line would reach $85,000 before 2027, with probabilities of 48% and 34% for reaching $90,000 and $100,000, respectively; the corresponding Polymarket market probability for $85,000 was 81%.On September 16, Monad Chief AI Engineer Jarrod Watts connected Jev to price data and built a trading bot that submits limit orders to the Kuru on-chain order book approximately every 300 milliseconds. The bot can decide whether to buy or sell based on Jev's judgments and has been open-sourced on GitHub as jarrodwatts/jev-trader. (Bitcoin.com News)
Fomo enters top five in U.S. finance apps, surpassing Cash App and Kalshi
Odaily News: Fomo, a social crypto trading app built for Robinhood Chain and other networks, entered the top five finance apps in the U.S. on August 21, briefly climbing to No. 3 and surpassing Cash App and prediction market Kalshi. It currently ranks in the top 15.Founded by Paul Erlanger and Se Yong Park, Fomo launched its public beta in May 2025. In November 2025, it completed a $17 million Series A round led by Benchmark, with participation from 140 angel investors; this was followed by a $75 million Series B round, bringing total disclosed equity funding to approximately $94 million.Fomo supports Solana, Base, BNB Chain, Monad, and Robinhood Chain, allowing users to view real-time trades of people they follow, track leaderboards, and copy trading signals, with instant deposits funded via Apple Pay. Its cumulative installs on Google Play have surpassed 1 million, with over 600,000 users and more than $4 billion in trading volume. (Bitcoin.com News)
TownSquare Announces Official Opening of Sonar New Subscription, 20% Allocation Raised Within 30 Minutes
TownSquare, an institutional yield and cross-chain lending brokerage service infrastructure, announced the official launch of its ICO public sale. This public sale is technically supported by the Echo Sonar platform from the Coinbase ecosystem. The valuation is divided into two tiers: a $150 million valuation based on a 6-month lock-up, and a $200 million valuation with no lock-up and full release at TGE, with a fundraising cap of $1 million. Currently, 30 minutes into the public sale, over $200,000 has been raised. According to data, most users chose the second tier with the $200 million valuation. This public sale is the first project based on the Monad ecosystem on Sonar, supporting USDC and USDT0 tokens on Monad. Previously, TownSquare completed a total of 3 rounds of financing totaling $16.25 million, with participation from World Liberty Financial, Auros Ventures, Amber Group, Animoca Ventures, OKX Ventures, as well as angel investors and institutions from ecosystems such as Monad, a16z, etc. It is projected that the previous valuation is comparable to this ICO valuation. TownSquare Sonar Public Sale Registration: townsq.xyz/sale
MegaETH Shuts Down Mega Mafia Accelerator Program, Pivots to In-House Application Development
According to The Block, Shuyao Kong, a core team member of Ethereum scaling project MegaETH, announced on July 16 the official closure of the flagship accelerator program Mega Mafia, which operated for two years across two cohorts. The project incubated approximately 20 teams in total, cumulatively helping them raise about $80 million in financing (covering Pre-Seed to Series A), but Kong admitted "the project was built on assumptions that no longer hold true," and most successfully incubated applications are no longer building on MegaETH. Among them, flagship project GTE chose to build its own public chain, Noise shifted to Base, HelloTrade shifted to Monad, and some projects such as Avon and Valhalla have closed. Notably, MegaETH did not hold equity or governance rights in any project during the incubation process. Kong stated that MegaETH will shift resources to "first-party application" development in the future, directly establishing relationships with end users, focusing on "OMEGA"-level consumer applications that can only be realized on MegaETH.
TownSquare Announces $10 Million Monad-Based Yield Vault in Collaboration with Native
TownSquare, an infrastructure provider for institutional yields and cross-chain lending brokerage services, has partnered with Native, a non-custodial automated trading infrastructure, to launch a $10 million yield-generating vault on the Monad L1. This vault will support assets including USD1, USDC, cbBTC, and MON, offering higher yields than conventional lending through trading-based yield generation. This marks TownSquare’s first collaboration with a trading-based yield manager. The partnership aims to bring real-world asset (RWA) and stablecoin institutional yields to a broader user base. Native is a close partner of Binance Wallet and Buidlpad, having previously launched vaults for BNB and wETH on BNB Chain and Ethereum—demonstrating its stability, scalability, and ability to generate yields for liquidity providers (LPs) managing tens of millions of dollars. This initiative also represents the first trading-yield vault on the Monad chain. Native already operates credit pools across multiple EVM chains with over $35 million in liquidity, achieving daily trading volumes of $50–100 million and cumulative trading volume exceeding $25 billion. Its Proactive Market Making (PMM) structure enables retail users to access institutional-grade trading yields. TownSquare previously launched a $100 million USD1 liquidity program and has raised over $16 million to date—including funding from this collaboration.
TownSquare Announces $100 Million USD1 Stablecoin Liquidity Program
TownSquare, an infrastructure platform focused on institutional yield and cross-chain lending brokerage services, has announced a $100 million USD1 token liquidity program—a strategic initiative designed to bring institutional-grade and cross-chain yield opportunities to a broader user base via World Liberty Financial’s USD1 stablecoin and institutional yield strategies. Previously, TownSquare collaborated with the World Liberty Financial DeFi team to integrate the USD1 token onto Monad, a high-performance EVM-compatible chain, and received official incentives from the Monad Foundation. The team stated that this new liquidity program marks TownSquare’s continued commitment to expanding DeFi’s real-world applicability and delivering institutional strategy yields to more assets. Currently, the project’s official website has launched its cross-chain lending functionality, while its yield vault product is listed as “Coming Soon.” According to official information, the project has previously completed a funding round backed by Monad, a16z, Aptos, Solana Bonk, and other U.S. and European angel investors and VCs. The founding team includes alumni from Coinbase, Meta, Accenture, and market-making firms. Details about the project’s next funding round have not yet been disclosed.
Echo Protocol confirms security incident on Monad cross-chain bridge, cross-chain transactions suspended
Odaily Echo Protocol posted on X platform, confirming a security incident on the Monad cross-chain bridge. An investigation is currently underway, and all cross-chain transaction functions have been suspended. The protocol stated that it will continue to provide updates through official channels once the investigation progresses.
Monad Co-Founder: Security Incident Involving Echo Protocol Noted, Monad Network Unaffected
Odaily Odaily News Monad co-founder Keone Hon posted on the X platform, stating that the team has noted a security incident related to eBTC on EchoProtocol. Security researchers are currently investigating the matter. The Monad network itself has not been affected and is operating normally.Additionally, a preliminary review by security researchers determined that this exploit targeting EchoProtocol's eBTC has resulted in the theft of approximately $816,000 in assets.
DeShare Collaborates with DigiFT to Launch SpaceX Pre-IPO Presale on Monad
Decentralized equity asset trading protocol DeShare announced a partnership with compliant digital asset exchange DigiFT to launch the first SpaceX Pre-IPO asset presale on the Monad network. Under the agreement, all SpaceX-related assets will be custodied in compliance by DigiFT, ensuring a 1:1 peg to the underlying real-world asset value and delivering a secure, transparent, and auditable investment experience. This collaboration marks DeShare’s establishment of a full-cycle equity trading ecosystem spanning secondary-market trading of Hong Kong and U.S. equities, IPO subscription, and Pre-IPO allocation. Starting with SpaceX, on-chain investment in high-quality global Pre-IPO equity assets is gradually becoming a reality.
Monad: Stablecoin Transaction Volume Nears 1 Million in August
Monad announced that it has been added to the Visa on-chain analytics dashboard, with stablecoin transaction volume reaching nearly 1 million in August, marking its highest month to date.
PeckShield: EchoProtocol Hacked on Monad, ~$820,000 Drained to Tornado Cash
According to on-chain analyst PeckShield (@PeckShieldAlert), Echo Protocol was hacked on Monad. The attacker minted 1,000 $eBTC out of thin air (valued at approximately $76.7 million), then deposited 45 $eBTC (approximately $3.45 million) into Curvance and used it as collateral to borrow roughly 11.29 $WBTC (approximately $867,700). The attacker subsequently bridged the $WBTC cross-chain to Ethereum, swapped it for $ETH, and laundered 384 ETH (approximately $821,700) via Tornado Cash.
Echo Protocol attacked, attacker mints 1000 eBTC and then withdraws funds via Curvance
According to Onchain Lens monitoring, Echo Protocol on Monad has been attacked. The attacker minted 1000 eBTC, worth $76.7 million, and withdrew the funds through Curvance via a previously tested attack path.As of now, the attacker has deposited 45 eBTC as collateral into Curvance and borrowed approximately 11.29 WBTC, worth $867,700; the attacker then cross-chained this portion of WBTC to Ethereum, swapped it for ETH, and transferred 385 ETH (worth approximately $818,000) to Tornado Cash. The attacker currently appears to still control a large amount of the minted eBTC.
The largest on-chain ASTER bull whale has started building a CHIP position, valued at approximately $3.43 million.
According to on-chain analytics platform Lookonchain (@lookonchain), the largest $ASTER bull whale on-chain, “0x1527”, has recently begun accumulating $CHIP. Its current holdings include: 24.93 million $ASTER (approx. $16.72 million), 36.18 million $CHIP (approx. $3.43 million), 81.55 million $MON (approx. $2.52 million), and 9,026 $TAO (approx. $2.22 million), with a total portfolio value exceeding $28 million.
An ETH OG whale holds positions in 42 altcoins, with an unrealized loss of $6.22 million
According to on-chain analyst Ai Aunt (@ai9684xtpa), the whale address 0xead…E9D55—originally active in 2017—currently holds 42 altcoin positions on Hyperliquid, of which 40 are long positions and only VVV and MON are short positions. The total position value is $49.6 million, with a floating loss of $6.22 million. This address’s cumulative trading losses on Hyperliquid have reached $14.94 million.
Echo Protocol confirms security incident on Monad cross-chain bridge, cross-chain transactions suspended
Odaily Echo Protocol posted on X platform, confirming a security incident on the Monad cross-chain bridge. An investigation is currently underway, and all cross-chain transaction functions have been suspended. The protocol stated that it will continue to provide updates through official channels once the investigation progresses.
Monad Co-Founder: Security Incident Involving Echo Protocol Noted, Monad Network Unaffected
Odaily Odaily News Monad co-founder Keone Hon posted on the X platform, stating that the team has noted a security incident related to eBTC on EchoProtocol. Security researchers are currently investigating the matter. The Monad network itself has not been affected and is operating normally.Additionally, a preliminary review by security researchers determined that this exploit targeting EchoProtocol's eBTC has resulted in the theft of approximately $816,000 in assets.
PeckShield: EchoProtocol Hacked on Monad, ~$820,000 Drained to Tornado Cash
According to on-chain analyst PeckShield (@PeckShieldAlert), Echo Protocol was hacked on Monad. The attacker minted 1,000 $eBTC out of thin air (valued at approximately $76.7 million), then deposited 45 $eBTC (approximately $3.45 million) into Curvance and used it as collateral to borrow roughly 11.29 $WBTC (approximately $867,700). The attacker subsequently bridged the $WBTC cross-chain to Ethereum, swapped it for $ETH, and laundered 384 ETH (approximately $821,700) via Tornado Cash.
Echo Protocol attacked, attacker mints 1000 eBTC and then withdraws funds via Curvance
According to Onchain Lens monitoring, Echo Protocol on Monad has been attacked. The attacker minted 1000 eBTC, worth $76.7 million, and withdrew the funds through Curvance via a previously tested attack path.As of now, the attacker has deposited 45 eBTC as collateral into Curvance and borrowed approximately 11.29 WBTC, worth $867,700; the attacker then cross-chained this portion of WBTC to Ethereum, swapped it for ETH, and transferred 385 ETH (worth approximately $818,000) to Tornado Cash. The attacker currently appears to still control a large amount of the minted eBTC.
Monad Co-Founder: Recommends Implementing Dynamic Caps on Collateral Deposits for Lending Protocols to Restrict Hacker Exit Vectors
Keone Hon, co-founder of Monad, stated that if a pooled lending protocol allows an asset to be deposited as collateral, it should impose rate limits on the increase in supply rather than opening up to the maximum supply cap all at once. For example, if the current supply is $100 million and the cap is $300 million, the supply should only be allowed to increase to $110 million within the next 10 minutes. He noted that this approach would limit the scale of possible withdrawals in the event of a hack targeting heterogeneous assets—particularly those exploiting infinite minting vulnerabilities—thereby constraining the impact of such attacks. Keone Hon believes lending protocols are typically the largest exit channel for associated assets. Implementing a “smart cap”—initially set slightly above the current supply and gradually adjusted over several hours to the true cap—would significantly improve risk control and could have prevented today’s ~$200 million loss for rsETH depositors.
Monad Surges Over 17% in a Single Day, Hints at Privacy Service Launch on October 6
Odaily News: Monad has released a video hinting at the launch of a privacy service on October 6. Its token rose over 17% today and is currently trading at $0.032671.
DeFi TVL rebounds 38% in Q3, Monad and Robinhood deliver standout performances
According to data from CryptoRank.io, the total value locked (TVL) in DeFi rebounded by 38% in Q3 2026, climbing to $95 billion, marking the first quarterly positive growth since the 2025 peak. During Q3, TVL rose for three consecutive months, posting month-over-month increases of +7%, +15%, and +11% respectively. Among them, Monad's TVL surged 183% over the quarter, placing it among the top public blockchains; Robinhood Crypto has exceeded $1 billion in TVL since its launch in July.
After three consecutive quarters of decline, DeFi total value locked rebounds 38% to $95 billion in Q3
data shows in Q3 2026, DeFi total value locked rebounded 38% to $95 billion after three consecutive quarters of decline, recording its first quarterly growth since the 2025 peak.Among them, Monad's total value locked grew 183%, entering the ranks of blockchain networks with the highest total value locked; Robinhood Crypto, which launched only two months ago, has seen its total value locked surpass $1 billion.
Typesafe AI Opens Jev Model, Monad Engineer Uses It to Build 300-Millisecond On-Chain Trading Bot
Odaily reports: AI model developer Typesafe AI has announced the opening of its System One model Jev, removing the waitlist and giving each new user $5 in credits. The project has been developed in stealth for two years and has raised $40 million in cumulative funding.Jev does not support chat; it only accepts facts and closed-ended questions, returning probabilistic results within 70 to 500 milliseconds. Input pricing is $0.042 per million tokens, and output is free. It can answer questions such as buy or sell, yes or no.In a Bitcoin price prediction test, Jev estimated a 55% probability that Binance's one-minute K-line would reach $85,000 before 2027, with probabilities of 48% and 34% for reaching $90,000 and $100,000, respectively; the corresponding Polymarket market probability for $85,000 was 81%.On September 16, Monad Chief AI Engineer Jarrod Watts connected Jev to price data and built a trading bot that submits limit orders to the Kuru on-chain order book approximately every 300 milliseconds. The bot can decide whether to buy or sell based on Jev's judgments and has been open-sourced on GitHub as jarrodwatts/jev-trader. (Bitcoin.com News)
Monad Co-founder: The Uniswap Hooks Issue Raised by 0x First Originated from PropAMM and Can Only Be Solved with Fully On-Chain Order Routing
Odaily Report: Monad co-founder Keone Hon posted on X stating that 0x published an interesting yet critical article this morning exploring an emerging phenomenon that first appeared in PropAMM (proprietary AMM) and has now spread to Uniswap v4 Hooks.In short, malicious market makers switch back and forth between "extremely narrow quotes" and "extremely wide quotes." They use extremely narrow quotes to attract aggregators into selecting that trading venue; however, once a user's trade is actually routed there, the quote immediately switches to an extremely wide spread. Slippage settings (i.e., limit protection) can protect some users—causing the trade to simply fail—but many users set slippage tolerance too high, and those users suffer extremely brutal "exploitation"—the article points out that certain Hooks maliciously switch back and forth between 0% and 18% fees.A few months ago, Solana also published a very insightful article analyzing a similar phenomenon occurring on Solana aggregators, though the fee cap was around 1% rather than 18%. A few days later, they quietly took the article down.The vision of an open system is to eliminate intermediaries and hidden fees. "Aggregator Spoofing" constitutes a massive hidden tax burden, and this problem can only be truly solved through fully-on-chain order routing. In turn, on-chain routing requires abundant computational power and flexible account access mechanisms—requiring both an extremely high-performance and efficient EVM and a well-designed on-chain routing protocol.Earlier this morning, 0x posted stating that the number of malicious Uniswap v4 Hooks has increased significantly recently. Some Hooks offer attractive prices during the inquiry phase but change the execution price at actual settlement, thereby stealing funds from users through aggregators, wallets, and trading applications.
Fomo enters top five in U.S. finance apps, surpassing Cash App and Kalshi
Odaily News: Fomo, a social crypto trading app built for Robinhood Chain and other networks, entered the top five finance apps in the U.S. on August 21, briefly climbing to No. 3 and surpassing Cash App and prediction market Kalshi. It currently ranks in the top 15.Founded by Paul Erlanger and Se Yong Park, Fomo launched its public beta in May 2025. In November 2025, it completed a $17 million Series A round led by Benchmark, with participation from 140 angel investors; this was followed by a $75 million Series B round, bringing total disclosed equity funding to approximately $94 million.Fomo supports Solana, Base, BNB Chain, Monad, and Robinhood Chain, allowing users to view real-time trades of people they follow, track leaderboards, and copy trading signals, with instant deposits funded via Apple Pay. Its cumulative installs on Google Play have surpassed 1 million, with over 600,000 users and more than $4 billion in trading volume. (Bitcoin.com News)
Related news
CryptoRank: Multiple Projects Face First Large-Scale Team and Investor Unlocks in Q4, With MON Unlocks Valued at $521 Million
According to CryptoRank data, multiple crypto projects will undergo their first major team and investor token unlocks following the end of their cliff periods in Q4 2026, involving MON, STABLE, KITE, LIT, PIEVERSE, and ALLO. Among them, MON is expected to unlock team and investor tokens worth approximately $521 million, representing 131.6% of its current market cap—the highest on the list. STABLE, KITE, LIT, PIEVERSE, and ALLO are projected to unlock tokens valued at approximately $353 million, $119 million, $52 million, $46 million, and $43 million, respectively. Once these tokens enter circulation, they may introduce additional supply pressure.
Monad Surges Over 17% in a Single Day, Hints at Privacy Service Launch on October 6
Odaily News: Monad has released a video hinting at the launch of a privacy service on October 6. Its token rose over 17% today and is currently trading at $0.032671.
DeFi TVL rebounds 38% in Q3, Monad and Robinhood deliver standout performances
According to data from CryptoRank.io, the total value locked (TVL) in DeFi rebounded by 38% in Q3 2026, climbing to $95 billion, marking the first quarterly positive growth since the 2025 peak. During Q3, TVL rose for three consecutive months, posting month-over-month increases of +7%, +15%, and +11% respectively. Among them, Monad's TVL surged 183% over the quarter, placing it among the top public blockchains; Robinhood Crypto has exceeded $1 billion in TVL since its launch in July.
After three consecutive quarters of decline, DeFi total value locked rebounds 38% to $95 billion in Q3
data shows in Q3 2026, DeFi total value locked rebounded 38% to $95 billion after three consecutive quarters of decline, recording its first quarterly growth since the 2025 peak.Among them, Monad's total value locked grew 183%, entering the ranks of blockchain networks with the highest total value locked; Robinhood Crypto, which launched only two months ago, has seen its total value locked surpass $1 billion.
Typesafe AI Opens Jev Model, Monad Engineer Uses It to Build 300-Millisecond On-Chain Trading Bot
Odaily reports: AI model developer Typesafe AI has announced the opening of its System One model Jev, removing the waitlist and giving each new user $5 in credits. The project has been developed in stealth for two years and has raised $40 million in cumulative funding.Jev does not support chat; it only accepts facts and closed-ended questions, returning probabilistic results within 70 to 500 milliseconds. Input pricing is $0.042 per million tokens, and output is free. It can answer questions such as buy or sell, yes or no.In a Bitcoin price prediction test, Jev estimated a 55% probability that Binance's one-minute K-line would reach $85,000 before 2027, with probabilities of 48% and 34% for reaching $90,000 and $100,000, respectively; the corresponding Polymarket market probability for $85,000 was 81%.On September 16, Monad Chief AI Engineer Jarrod Watts connected Jev to price data and built a trading bot that submits limit orders to the Kuru on-chain order book approximately every 300 milliseconds. The bot can decide whether to buy or sell based on Jev's judgments and has been open-sourced on GitHub as jarrodwatts/jev-trader. (Bitcoin.com News)
Monad Co-founder: The Uniswap Hooks Issue Raised by 0x First Originated from PropAMM and Can Only Be Solved with Fully On-Chain Order Routing
Odaily Report: Monad co-founder Keone Hon posted on X stating that 0x published an interesting yet critical article this morning exploring an emerging phenomenon that first appeared in PropAMM (proprietary AMM) and has now spread to Uniswap v4 Hooks.In short, malicious market makers switch back and forth between "extremely narrow quotes" and "extremely wide quotes." They use extremely narrow quotes to attract aggregators into selecting that trading venue; however, once a user's trade is actually routed there, the quote immediately switches to an extremely wide spread. Slippage settings (i.e., limit protection) can protect some users—causing the trade to simply fail—but many users set slippage tolerance too high, and those users suffer extremely brutal "exploitation"—the article points out that certain Hooks maliciously switch back and forth between 0% and 18% fees.A few months ago, Solana also published a very insightful article analyzing a similar phenomenon occurring on Solana aggregators, though the fee cap was around 1% rather than 18%. A few days later, they quietly took the article down.The vision of an open system is to eliminate intermediaries and hidden fees. "Aggregator Spoofing" constitutes a massive hidden tax burden, and this problem can only be truly solved through fully-on-chain order routing. In turn, on-chain routing requires abundant computational power and flexible account access mechanisms—requiring both an extremely high-performance and efficient EVM and a well-designed on-chain routing protocol.Earlier this morning, 0x posted stating that the number of malicious Uniswap v4 Hooks has increased significantly recently. Some Hooks offer attractive prices during the inquiry phase but change the execution price at actual settlement, thereby stealing funds from users through aggregators, wallets, and trading applications.