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Smart Retarded Magazine
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Monad: The New L1 On The Block…chain Monad is one of the most ambitious infrastructure bets of this cycle. A new L1 that questions the tradeoff: that widespread decentralization comes with slower speeds. Other chains proved speed was possible, but with caveats. Faster performance came at a cost. You gained efficiency, but required more centralized control to achieve it, losing some of what made crypto meaningful in the first place. Monad’s bet is that this tradeoff was never inevitable, that principles and usability don’t have to be opposites. For years, crypto has lived with a forced compromise. If you wanted an Ethereum-style ecosystem, you accepted high fees, long waiting times, and a user experience that lagged far behind modern software expectations. If you wanted speed, you had to leave the EVM entirely. The EVM is Ethereum’s execution engine, the shared environment where smart contracts run and where most of crypto’s major applications were first built. It’s powerful, but it was designed in a very different era, when output and latency weren’t the primary concerns. So if you wanted speed, you didn’t just change chains, you left that environment altogether. It wasn’t “Ethereum, but faster.” It was a completely different execution model. You weren’t upgrading Ethereum; you were stepping into a different style of computation. One that usually sacrificed decentralization. Monad’s idea is simple: keep the EVM, keep the ecosystem, and make it fast enough to get the best of both worlds, speed and decentralization ... $MON #Monad #Blockchain Read the full article on our website Written by Angel44 - 24 Jan 2026
Monad: The New L1 On The Block…chain

Monad is one of the most ambitious infrastructure bets of this cycle. A new L1 that questions the tradeoff: that widespread decentralization comes with slower speeds.

Other chains proved speed was possible, but with caveats. Faster performance came at a cost. You gained efficiency, but required more centralized control to achieve it, losing some of what made crypto meaningful in the first place.

Monad’s bet is that this tradeoff was never inevitable, that principles and usability don’t have to be opposites.

For years, crypto has lived with a forced compromise. If you wanted an Ethereum-style ecosystem, you accepted high fees, long waiting times, and a user experience that lagged far behind modern software expectations. If you wanted speed, you had to leave the EVM entirely.

The EVM is Ethereum’s execution engine, the shared environment where smart contracts run and where most of crypto’s major applications were first built. It’s powerful, but it was designed in a very different era, when output and latency weren’t the primary concerns.

So if you wanted speed, you didn’t just change chains, you left that environment altogether. It wasn’t “Ethereum, but faster.” It was a completely different execution model. You weren’t upgrading Ethereum; you were stepping into a different style of computation. One that usually sacrificed decentralization.

Monad’s idea is simple: keep the EVM, keep the ecosystem, and make it fast enough to get the best of both worlds, speed and decentralization ...

$MON #Monad #Blockchain

Read the full article on our website
Written by Angel44 - 24 Jan 2026
Phoenix Group
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Tria unveils a partnership with Agora #Tria partners with a stablecoin issuer, #Agora , to bring earnAUSD to Tria Earn. The earnAUSD vault on Tria, powered by #Upshift , provides institutional-grade vault infrastructure with access to #Monad ’s leading stablecoin vault, which holds $80M in TVL. It generates yield through risk-adjusted lending and basis trading strategies. Tria is a #Web3 payments and neo-banking platform powered by #BestPath, delivering ultra-fast, low-cost on-chain swaps with sub-second settlement and a global crypto card available in 150+ countries. 👉 x.com/useTria/status/2014200614583181361
Tria unveils a partnership with Agora

#Tria partners with a stablecoin issuer, #Agora , to bring earnAUSD to Tria Earn. The earnAUSD vault on Tria, powered by #Upshift , provides institutional-grade vault infrastructure with access to #Monad ’s leading stablecoin vault, which holds $80M in TVL. It generates yield through risk-adjusted lending and basis trading strategies.

Tria is a #Web3 payments and neo-banking platform powered by #BestPath, delivering ultra-fast, low-cost on-chain swaps with sub-second settlement and a global crypto card available in 150+ countries.

👉 x.com/useTria/status/2014200614583181361
RAJA_TRADER
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Bullish
$ENSO is heating up! 🔥 With the recent @Monad_xyz integration and a strong bullish wave, $ENSO is showing serious momentum. Up over 30% in 24h! 🚀 Market cap still under the radar at ~$17M. Watch the charts, the breakout is here! 📈 #ENSO #CryptoNewss #Write2Earn #Monad #altcoins $ENSO {spot}(ENSOUSDT)
$ENSO is heating up! 🔥

With the recent @Monad_xyz integration and a strong bullish wave, $ENSO is showing serious momentum. Up over 30% in 24h!
🚀 Market cap still under the radar at ~$17M.

Watch the charts, the breakout is here! 📈

#ENSO #CryptoNewss #Write2Earn #Monad #altcoins

$ENSO
Manicito
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$FRAX It is the most relevant asset under this name in the ecosystem. Previously associated with the ticker FXS, Frax has shown high volatility recently: Current price: Approximately 1,026 USD. Trend: It has recorded declines close to 10.45% in the last 24 hours, after experiencing massive increases of up to 58% in mid-January. Status on Binance: It is listed and monitored as one of the assets with the highest movement in the stablecoin and derivatives market. 2. Other related assets FractonX (FT): Binance tracks this protocol, but currently shows a trading volume of 0 USD and a nominal price of 0 USD in its live directory. Fractal Network (FRA): The real-time price is updated on the platform, but often appears with market capitalization data not directly available for standard retail trading in all regions.#Monad $INJ $TIA
$FRAX
It is the most relevant asset under this name in the ecosystem. Previously associated with the ticker FXS, Frax has shown high volatility recently:
Current price: Approximately 1,026 USD.
Trend: It has recorded declines close to 10.45% in the last 24 hours, after experiencing massive increases of up to 58% in mid-January.
Status on Binance: It is listed and monitored as one of the assets with the highest movement in the stablecoin and derivatives market.
2. Other related assets
FractonX (FT): Binance tracks this protocol, but currently shows a trading volume of 0 USD and a nominal price of 0 USD in its live directory.
Fractal Network (FRA): The real-time price is updated on the platform, but often appears with market capitalization data not directly available for standard retail trading in all regions.#Monad $INJ $TIA
Sasha Nawal
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#Monad $MON As a newly launched (or highly anticipated) parallelized EVM, Monad offers the familiarity of Ethereum with the speed of Solana. It is a pure "narrative alpha" play for traders looking for the next major ecosystem. {future}(MONUSDT)
#Monad $MON
As a newly launched (or highly anticipated) parallelized EVM, Monad offers the familiarity of Ethereum with the speed of Solana. It is a pure "narrative alpha" play for traders looking for the next major ecosystem.
Sukh Info
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$SOL vs $MONAD: Which High-Performance Chain Wins 2026? 🚀 The "Speed War" is heating up. While $SOL dominates retail activity, new modular competitors like Monad are entering the mainnet phase. Here is my breakdown: Solana ($SOL): Unbeatable ecosystem and liquidity. The "Apple" of crypto. Monad: Parallel execution that could potentially handle 10,000x more throughput than standard EVM. The Verdict: I’m holding both, but watching the DEX Volume closely this week. If you had $1,000 to lock for 1 year, which one are you choosing? 👇 #Write2Earn #solana #Monad $SOL #Crypto2026to2030 {future}(SOLUSDT) #monad
$SOL vs $MONAD: Which High-Performance Chain Wins 2026? 🚀

The "Speed War" is heating up. While $SOL dominates retail activity, new modular competitors like Monad are entering the mainnet phase. Here is my breakdown:

Solana ($SOL ): Unbeatable ecosystem and liquidity. The "Apple" of crypto.

Monad: Parallel execution that could potentially handle 10,000x more throughput than standard EVM.

The Verdict: I’m holding both, but watching the DEX Volume closely this week.

If you had $1,000 to lock for 1 year, which one are you choosing? 👇 #Write2Earn #solana #Monad $SOL #Crypto2026to2030
#monad
Cornelius Kalomo
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Here are some trending news on cryptocurrency and blockchain for Sunday, January 18, 2026: - Kraken's 2026 Outlook: Kraken predicts crypto markets will shift from hype to structure, driven by institutional flows and tightening market structure ¹. - Solana's Rise: Solana is gaining popularity, with a 9-percentage-point gain since 2024, driven by faster transaction speeds and lower fees. - Bitcoin's Price: Bitcoin is currently trading at $95,591.49, with a 1% increase. - Ethereum's Growth: Ethereum is trading at $3,310.80, with a 0.6% increase, and its active addresses peaked at 10 million monthly. - Regulatory Clarity: The US government is expected to introduce clearer regulations for cryptocurrencies, potentially boosting institutional adoption. - Blockchain Adoption: 80% of Fortune 500 companies now use blockchain, processing $10 trillion in on-chain transactions annually ². Some top trending cryptocurrencies include: - Bitcoin (BTC): Decentralized peer-to-peer cryptocurrency - Ethereum (ETH): Leading smart contract platform - Solana (SOL): Fast and low-cost transactions - XRP: Highly efficient digital currency - Monad: Highly anticipated crypto project with recent mainnet launch #bitcoin #Ethereum #solana #xrp #Monad
Here are some trending news on cryptocurrency and blockchain for Sunday, January 18, 2026:

- Kraken's 2026 Outlook: Kraken predicts crypto markets will shift from hype to structure, driven by institutional flows and tightening market structure ¹.
- Solana's Rise: Solana is gaining popularity, with a 9-percentage-point gain since 2024, driven by faster transaction speeds and lower fees.
- Bitcoin's Price: Bitcoin is currently trading at $95,591.49, with a 1% increase.
- Ethereum's Growth: Ethereum is trading at $3,310.80, with a 0.6% increase, and its active addresses peaked at 10 million monthly.
- Regulatory Clarity: The US government is expected to introduce clearer regulations for cryptocurrencies, potentially boosting institutional adoption.
- Blockchain Adoption: 80% of Fortune 500 companies now use blockchain, processing $10 trillion in on-chain transactions annually ².

Some top trending cryptocurrencies include:
- Bitcoin (BTC): Decentralized peer-to-peer cryptocurrency
- Ethereum (ETH): Leading smart contract platform
- Solana (SOL): Fast and low-cost transactions
- XRP: Highly efficient digital currency
- Monad: Highly anticipated crypto project with recent mainnet launch
#bitcoin #Ethereum #solana #xrp #Monad
cryptoproffesionals
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$MON **Monad ($MON) has massive potential as the first project to launch on Coinbase's new regulated token sales platform (November 2025)!** 🚀 This historic debut gave retail investors (including US users) fair access to early tokens for the first time since 2018 – no more whale-dominated sales. Monad, a high-performance EVM-compatible Layer 1 blockchain, promises **10,000 TPS**, ultra-low fees, and full Ethereum compatibility, solving scalability without sacrificing decentralization. Backed by **$244M+** from top VCs like Paradigm, Electric Capital, and OKX Ventures, plus a public sale raising ~$188M at $0.025/token (valuing it at $2.5B FDV), it launched mainnet on Nov 24, 2025, with airdrop to early community. Being Coinbase's flagship launchpad project means strong visibility, listings (on Coinbase, Bybit, etc.), and credibility – they can't let it flop without hurting their rep. If it attracts devs and liquidity like Solana did for speed + EVM ease, this could be a game-changer in the L1 space. High risk, high reward – but first-mover advantage on a compliant platform? Huge upside in 2026 bull vibes. DYOR, but this one's worth watching closely! 💪 #Monad #Coinbase #Crypto
$MON **Monad ($MON) has massive potential as the first project to launch on Coinbase's new regulated token sales platform (November 2025)!** 🚀

This historic debut gave retail investors (including US users) fair access to early tokens for the first time since 2018 – no more whale-dominated sales. Monad, a high-performance EVM-compatible Layer 1 blockchain, promises **10,000 TPS**, ultra-low fees, and full Ethereum compatibility, solving scalability without sacrificing decentralization.

Backed by **$244M+** from top VCs like Paradigm, Electric Capital, and OKX Ventures, plus a public sale raising ~$188M at $0.025/token (valuing it at $2.5B FDV), it launched mainnet on Nov 24, 2025, with airdrop to early community.

Being Coinbase's flagship launchpad project means strong visibility, listings (on Coinbase, Bybit, etc.), and credibility – they can't let it flop without hurting their rep. If it attracts devs and liquidity like Solana did for speed + EVM ease, this could be a game-changer in the L1 space.

High risk, high reward – but first-mover advantage on a compliant platform? Huge upside in 2026 bull vibes. DYOR, but this one's worth watching closely! 💪 #Monad #Coinbase #Crypto
Crypto Pulse 9
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🏆 THE ONLY 3 COINS YOU NEED FOR FINANCIAL FREEDOM IN 2026! 🚀💎 If you want to stop working, focus on these heavy hitters. No noise, just gains: 1️⃣ Monad ($MON ): The next-gen Layer 1 king. 🏎️ 2️⃣ Hyperliquid ($HYPE ): The future of all trading. 📈 3️⃣ Ondo Finance ($ONDO ): The institutional bridge for RWAs. 🏦 🔥 FINAL WORD: Success favors the bold. Are you bold enough to buy? 🚀💎 #CryptoPulse9 #Wealth #Monad #Hyperliquid #Ondo
🏆 THE ONLY 3 COINS YOU NEED FOR FINANCIAL FREEDOM IN 2026! 🚀💎

If you want to stop working, focus on these heavy hitters. No noise, just gains:

1️⃣ Monad ($MON ): The next-gen Layer 1 king. 🏎️
2️⃣ Hyperliquid ($HYPE ): The future of all trading. 📈
3️⃣ Ondo Finance ($ONDO ): The institutional bridge for RWAs. 🏦

🔥 FINAL WORD: Success favors the bold. Are you bold enough to buy? 🚀💎

#CryptoPulse9 #Wealth #Monad #Hyperliquid #Ondo
Around crypto
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Bullish
🚀 Monad is accelerating — and the meme layer is leading. What’s happening right now on Monad isn’t random hype. It’s structured attention forming around a new on-chain culture 🧠 🔥 These 7 memes are defining the moment: 🟣 CHOG — instantly recognizable, early cultural anchor 🔥 GROOL — dominant, everywhere, impossible to ignore 🖤 EMO — persistent, sticky, survives every rotation ⚡ MONCHOK — fast narratives, reflexive meme energy 📈 MOTION — pure momentum, keeps reclaiming attention 🦐 SHRAMP — weird, native, unmistakably Monad-coded 😌 CHILL — post-rotation accumulation, calm confidence This is how ecosystems are built 👇 memes first 🎭 culture second 🧬 capital follows 💰 You don’t need to chase everything. You just need to track what keeps rotating into relevance 🔄 Monad isn’t just growing — it’s compounding attention 📊 Trend is the utility. #Monad #OnChain #Memes #CryptoCulture $MON
🚀 Monad is accelerating — and the meme layer is leading.
What’s happening right now on Monad isn’t random hype.
It’s structured attention forming around a new on-chain culture 🧠
🔥 These 7 memes are defining the moment:
🟣 CHOG — instantly recognizable, early cultural anchor
🔥 GROOL — dominant, everywhere, impossible to ignore
🖤 EMO — persistent, sticky, survives every rotation
⚡ MONCHOK — fast narratives, reflexive meme energy
📈 MOTION — pure momentum, keeps reclaiming attention
🦐 SHRAMP — weird, native, unmistakably Monad-coded
😌 CHILL — post-rotation accumulation, calm confidence
This is how ecosystems are built 👇
memes first 🎭
culture second 🧬
capital follows 💰
You don’t need to chase everything.
You just need to track what keeps rotating into relevance 🔄
Monad isn’t just growing — it’s compounding attention 📊
Trend is the utility.
#Monad #OnChain #Memes #CryptoCulture $MON
Crypto Quantum10
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hurry up, the market is hot right now, make sure you've bought $MON #MON #Monad
hurry up, the market is hot right now, make sure you've bought $MON #MON #Monad
Crypto Quantum10
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Bullish
$Mon appears to be undergoing structural changes towards bullish.
Below are the settings for Buy/Long. #Monad #MON
VERO Futures
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{future}(BERAUSDT) 🚨 MASSIVE $MON CONVICTION ALERT 🚨 Entry: N/A (Scenario B) Target: N/A Stop Loss: N/A ⚠️ HUGE SWAP ALERT! $3.3M USDC just dumped into $MON. • The fee paid? LITERALLY NINE CENTS ($0.09). 👉 This is not a drill. This is whale-level conviction. ✅ $DASH and $BERA watchers, pay attention. Something massive is brewing under the surface. Get positioned NOW. #CryptoAlpha #MONAD #WhaleWatching #DeFi {future}(DASHUSDT) {future}(MONUSDT)
🚨 MASSIVE $MON CONVICTION ALERT 🚨

Entry: N/A (Scenario B)
Target: N/A
Stop Loss: N/A

⚠️ HUGE SWAP ALERT! $3.3M USDC just dumped into $MON.
• The fee paid? LITERALLY NINE CENTS ($0.09).
👉 This is not a drill. This is whale-level conviction.
$DASH and $BERA watchers, pay attention. Something massive is brewing under the surface. Get positioned NOW.

#CryptoAlpha #MONAD #WhaleWatching #DeFi
KODA Finance
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{future}(BERAUSDT) 🚨 MASSIVE $MON ACCUMULATION SPOTTED! 🚨 Someone just dropped $3.3M USDC into $MON! 🤯 The fee paid? A ridiculous NINE CENTS ($0.09). • This is NOT retail volume. • This is institutional conviction. • $DASH and $BERA watchers, pay attention. Something HUGE is cooking behind the scenes. Get ready for the fireworks. 🧑‍🍳 #CryptoAlpha #MONad #DeFi #BigMoneyMoves {future}(DASHUSDT) {future}(MONUSDT)
🚨 MASSIVE $MON ACCUMULATION SPOTTED! 🚨

Someone just dropped $3.3M USDC into $MON! 🤯
The fee paid? A ridiculous NINE CENTS ($0.09).

• This is NOT retail volume.
• This is institutional conviction.
$DASH and $BERA watchers, pay attention.

Something HUGE is cooking behind the scenes. Get ready for the fireworks. 🧑‍🍳

#CryptoAlpha #MONad #DeFi #BigMoneyMoves
Mr Derks
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⚡️ Solana, Fireblocks, Monad and more ally to standardize cross-chain payments Fireblocks, Polygon Labs, Mysten Labs, the Monad Foundation, the Solana Foundation, the Stellar Development Foundation and the TON Foundation are members of the new alliance. #solana #Monad
⚡️ Solana, Fireblocks, Monad and more ally to standardize cross-chain payments

Fireblocks, Polygon Labs, Mysten Labs, the Monad Foundation, the Solana Foundation, the Stellar Development Foundation and the TON Foundation are members of the new alliance.

#solana #Monad
LEGEND ANALYSIS
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APR TGE Live on Binance Wallet 🚀 The hype is real aPriori’s APR TGE just kicked off on Binance Wallet as the 41st exclusive event, and it’s all about that Monad ecosystem magic. With $30M raised from big guns like Pantera, this intelligent order flow layer is set to crush MEV and liquid staking on parallel execution chains. Subscription’s open till 10AM UTC, but you need at least 240 Alpha Points to jump in max 3 $BNB per user, fully vested at launch. Early birds like Madlads NFT holders and testnet users are getting genesis airdrops, with 1B total supply and 20% initial circ. If you’re flipping, watch for post-TGE pumps on $ETH and $BNB chains, snipe dips with 1% risk, and use sentiment tools for hype scores over 80. This could 10x if Monad mainnet vibes hit hard. APR squad, you in or watching from sidelines? Drop your wallet stories, tag a Monad maxi and share your thoughts..! 😎🤑 #APRBinanceTGE #BİNANCE #bnb #APR #Monad
APR TGE Live on Binance Wallet 🚀
The hype is real aPriori’s APR TGE just kicked off on Binance Wallet as the 41st exclusive event, and it’s all about that Monad ecosystem magic. With $30M raised from big guns like Pantera, this intelligent order flow layer is set to crush MEV and liquid staking on parallel execution chains.
Subscription’s open till 10AM UTC, but you need at least 240 Alpha Points to jump in max 3 $BNB per user, fully vested at launch. Early birds like Madlads NFT holders and testnet users are getting genesis airdrops, with 1B total supply and 20% initial circ. If you’re flipping, watch for post-TGE pumps on $ETH and $BNB chains, snipe dips with 1% risk, and use sentiment tools for hype scores over 80. This could 10x if Monad mainnet vibes hit hard. APR squad, you in or watching from sidelines?
Drop your wallet stories, tag a Monad maxi and share your thoughts..! 😎🤑
#APRBinanceTGE #BİNANCE #bnb #APR #Monad
Ogcrypt0
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Bearish
KOL mocking Monad reportedly removed from airdrop list CT KOLs who've been fudding Monad despite receiving Monad cards might be in for a bad surprise. One KOL who's been openly and aggressively mocking Monad appears to have been removed from the airdrop list. Checking Monad's official card website shows that this KOL is no longer listed as eligible, while other recipients remain. #Monad $MON {future}(MONUSDT)
KOL mocking Monad reportedly removed from airdrop list

CT KOLs who've been fudding Monad despite receiving Monad cards might be in for a bad surprise. One KOL who's been openly and aggressively mocking Monad appears to have been removed from the airdrop list. Checking Monad's official card website shows that this KOL is no longer listed as eligible, while other recipients remain.

#Monad $MON
夏天-撸猫不撸毛
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Today, the card game lottery of Monad drew something valuable, which is stronger than the last one. Interested friends can check my previous articles for a game tutorial. This is a project highly recommended by the official Monad website, and it's quite interesting. [monad生态卡牌游戏fantasytop教程](https://www.binance.info/zh-CN/square/post/22936520373074) #monad #FantasyTop
Today, the card game lottery of Monad drew something valuable, which is stronger than the last one. Interested friends can check my previous articles for a game tutorial. This is a project highly recommended by the official Monad website, and it's quite interesting.
monad生态卡牌游戏fantasytop教程
#monad #FantasyTop
Danny Tarin
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🚀 The Protocol: $MON Airdrop Portal Now Live as Token Launch Nears! 🎯 Big moves across the ecosystem — $ETH {spot}(ETHUSDT) Sepolia just rolled out the Fusaka Upgrade, $XMR (Monero) launched a new privacy boost for nodes, and the Ethereum Foundation is expanding its privacy initiatives. 🔒✨ Privacy, scalability, and user empowerment — the next wave of blockchain innovation is heating up! 🔥 #Monad #ETH #XMR #CryptoNews #blockchain
🚀 The Protocol: $MON Airdrop Portal Now Live as Token Launch Nears! 🎯


Big moves across the ecosystem — $ETH



Sepolia just rolled out the Fusaka Upgrade, $XMR (Monero) launched a new privacy boost for nodes, and the Ethereum Foundation is expanding its privacy initiatives. 🔒✨


Privacy, scalability, and user empowerment — the next wave of blockchain innovation is heating up! 🔥


#Monad #ETH #XMR #CryptoNews #blockchain
坐以待币-老司机
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Gmonad, recently I observed an interesting phenomenon: on the @monad_xyz test network, many people reported that the test tokens were not enough. I couldn't help but wonder what transactions require so many test tokens? So I researched a few people's addresses and found that a complete $MON circular system has already formed. Description of the phenomenon: 1. Users receive test tokens Users painstakingly receive a small amount of test tokens from the faucet. 2. Minting strange NFTs Then, for some unknown reason, they go on to mint some bizarre NFTs, some of which I've never heard of, and the prices are not low, ranging from 1 to 10 $MON. 3. Token flow and redistribution The tokens collected from minting these NFTs are distributed to some specific addresses. After receiving the tokens, these addresses will continue to mint new NFTs. My guess and analysis: I thought about it and roughly understood the “routine” behind this, which may be a cycle like this: 1. User initiation Users receive test tokens from the faucet, but the amount is limited. Then, for some unknown reason, they go mint NFTs released by other users, which are not cheap (1 to 10 $MON). 2. Actions of NFT publishers The publishers who receive the minting fees are likely to sell the tokens to other users or continue to release new NFTs, while raising the minting prices. 3. User actions again Users find that the tokens are not enough and have to go claim more, but the faucet often does not provide enough. Thus, some people start to buy $MON directly. 4. Price increase and vicious cycle The purchase volume is limited, and the NFT publishers take the opportunity to raise the minting prices again. Users see the price has increased, complain about the faucet lacking tokens, while buying more tokens and continuing to mint. 5. Birth of a perpetual motion machine Thus: Users: while claiming tokens, they also send them out (mint NFTs), buy tokens, and complain about not being able to claim enough. NFT publishers: while releasing new NFTs, they sell tokens, and raise minting fees. Monad officials: while fixing the faucet, they are scolded for having “no water,” and are suspected of secretly selling test tokens. Summary: Everyone is very busy, but it seems they don't know what they are busy with. 100 $MON can indeed generate a “GDP” of 10,000, making it a veritable perpetual motion machine for the test network. #monad
Gmonad, recently I observed an interesting phenomenon: on the @monad_xyz test network, many people reported that the test tokens were not enough. I couldn't help but wonder what transactions require so many test tokens? So I researched a few people's addresses and found that a complete $MON circular system has already formed.

Description of the phenomenon:
1. Users receive test tokens
Users painstakingly receive a small amount of test tokens from the faucet.
2. Minting strange NFTs
Then, for some unknown reason, they go on to mint some bizarre NFTs, some of which I've never heard of, and the prices are not low, ranging from 1 to 10 $MON.
3. Token flow and redistribution
The tokens collected from minting these NFTs are distributed to some specific addresses. After receiving the tokens, these addresses will continue to mint new NFTs.

My guess and analysis:
I thought about it and roughly understood the “routine” behind this, which may be a cycle like this:

1. User initiation
Users receive test tokens from the faucet, but the amount is limited. Then, for some unknown reason, they go mint NFTs released by other users, which are not cheap (1 to 10 $MON).

2. Actions of NFT publishers
The publishers who receive the minting fees are likely to sell the tokens to other users or continue to release new NFTs, while raising the minting prices.

3. User actions again
Users find that the tokens are not enough and have to go claim more, but the faucet often does not provide enough. Thus, some people start to buy $MON directly.

4. Price increase and vicious cycle
The purchase volume is limited, and the NFT publishers take the opportunity to raise the minting prices again. Users see the price has increased, complain about the faucet lacking tokens, while buying more tokens and continuing to mint.

5. Birth of a perpetual motion machine
Thus:
Users: while claiming tokens, they also send them out (mint NFTs), buy tokens, and complain about not being able to claim enough.

NFT publishers: while releasing new NFTs, they sell tokens, and raise minting fees.

Monad officials: while fixing the faucet, they are scolded for having “no water,” and are suspected of secretly selling test tokens.

Summary:
Everyone is very busy, but it seems they don't know what they are busy with. 100 $MON can indeed generate a “GDP” of 10,000, making it a veritable perpetual motion machine for the test network. #monad
cryptohunt720
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