WHY IS NO ONE TALKING ABOUT $MON ANYMORE? Monad’s TVL has grown roughly 4x since the start of the year, yet attention around this Layer 1 has gone surprisingly quiet. The valuation makes it even more interesting. Monad has raised around $431.53M, while $MON currently sits at only around $320.71M market cap. And the chart does not look like a typical post-TGE slow rug. After the initial volatility, price has spent months building a wide range instead of continuously bleeding lower. That kind of structure looks much more like accumulation and preparation for another expansion phase than a project being abandoned. Meanwhile, the underlying ecosystem is still growing: TVL is approaching $1B. Bridged TVL is around $1.59B. On-chain activity is still there. Attention may have disappeared. The fundamentals have not. I’m waiting for the market to notice $MON again. $1B market cap next?