Coinbase Launches First Token Sale with Monad’s MON
Monad, an Ethereum-compatible Layer 1 blockchain, has started its first token sale on Coinbase. This is the first public token sale hosted by Coinbase. It began on November 17, 2025, and lasts 5.5 days. The sale is available in over 80 countries, including the U.S., which is notable given past ICO restrictions.
Monad offers 7.5% of its token supply at a fixed price of $0.025 per MON. Buyers can participate using USDC, with contributions ranging from 100 to 100,000 USDC. A total cap of 187.5 million USDC limits this public sale. Within hours, demand exceeded $78 million. Coinbase uses a small-buyers-first system and refunds unused USDC.
Monad’s Technology and Ecosystem Focus
Monad aims to be a high-performance Layer 1 blockchain. It targets use cases requiring fast transaction speeds, such as trading platforms and consumer apps. The blockchain supports Ethereum Virtual Machine (EVM) compatibility and uses parallel execution techniques like MonadDB and Optimistic Parallel Execution.
The team emphasizes decentralization along with high throughput. They have run accelerators and developer programs for two years to build their ecosystem before the mainnet launch.
Tokenomics Raise Concerns Ahead of Mainnet Launch
Monad plans to increase its total token supply from 100 billion to 108.2 billion to fund validator rewards and ecosystem operations. This announcement drew criticism for possibly conflicting with Monad’s claims of fair and decentralized access.
Only 7.5% of the token supply is offered publicly, sparking worries about early insiders and ecosystem funds holding too much influence. The mainnet launch is scheduled for November 24, 2025. The token sale and upcoming launch will test Monad’s position as a competitive Ethereum alternative.
For more information, visit Coinbase’s Monad token sale page.
