Monad’s on-chain TVL rose 27.05% in 24 hours to $999 million (10th among public blockchains).
A public blockchain’s TVL is the total dollar value of assets locked in all DeFi protocols on that chain. It can change with deposits and withdrawals, as well as token prices. The increase of $213 million over 24 hours may include new deposits, rising prices of on-chain assets, or both.
$MON rose 1.44% over the same period, so the increase in locked value outpaced the price increase—it wasn’t driven by token prices alone.
#MON
Be aware of the risks and make your own decisions.
A public blockchain’s TVL is the total dollar value of assets locked in all DeFi protocols on that chain. It can change with deposits and withdrawals, as well as token prices. The increase of $213 million over 24 hours may include new deposits, rising prices of on-chain assets, or both.
$MON rose 1.44% over the same period, so the increase in locked value outpaced the price increase—it wasn’t driven by token prices alone.
#MON
Be aware of the risks and make your own decisions.