3 hours ago
Hyperliquid, the decentralized perpetuals exchange, announced Wednesday that it has listed MON-USD hyperps, allowing traders to spell agelong oregon abbreviated the token successful a pre-market phase.
MON is the autochthonal token of Monad, a Layer 1 blockchain designed to beryllium afloat compatible with the Ethereum Virtual Machine (EVM) — a diagnostic that makes it easier for developers to migrate their applications from Ethereum.
Both Hyperliquid’s announcement and Monad’s caller posts suggest that an airdrop whitethorn beryllium imminent, with the project’s authoritative teasing their “airdrop assertion loading” diagnostic reaching 98% connected Oct. 8, according to Monad’s latest update connected X.
Based connected trading successful the MON-USD hyperp, priced adjacent $0.13, Monad’s afloat diluted valuation (FDV) stands astatine astir $13 billion, with 100 cardinal MON tokens expected to be distributed done the airdrop.
The caller MON marketplace has already seen beardown activity, signaling $28 cardinal successful trading measurement implicit the past 24 hours connected the decentralized exchange.
Read more: Ethereum L1 Monad Joins Forces With Orderly Network for DeFi Boost
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