L1 landscape shift: Monad’s on-chain TVL increased by $213 million over 24 hours, reaching $999 million and ranking 10th.
TVL rankings are generally seen as an indicator of ecosystem size, so this rise is a positive sign for the Monad ecosystem. However, some of the increase may be due to asset price appreciation, and data from a single period doesn’t necessarily mean its ranking has changed. We’ll have to see whether it can hold.
$MON Current price: 0.02469.
#MON
This is not investment advice.
TVL rankings are generally seen as an indicator of ecosystem size, so this rise is a positive sign for the Monad ecosystem. However, some of the increase may be due to asset price appreciation, and data from a single period doesn’t necessarily mean its ranking has changed. We’ll have to see whether it can hold.
$MON Current price: 0.02469.
#MON
This is not investment advice.