Enso gives Monad a running start with day-one DeFi toolkit

A suspected airdrop farmer has reportedly spent their entire $112,000 worth of MON rewards on gas fees for numerous failed transaction attempts, highlighting the risks associated with cryptocurrency trading. This incident raises concerns about the sustainability of such trading practices in the volatile crypto market.

A suspected airdrop farmer has reportedly spent their entire $112,000 worth of MON rewards on gas fees for numerous failed transaction attempts, highlighting the risks associated with cryptocurrency trading. This incident raises concerns about the sustainability of such speculative activities in the volatile crypto market.

Monad has recently launched its blockchain, coinciding with a significant drop in Bitcoin's price, which has raised questions about the accuracy of Forecasted Diluted Valuations (FDV) in the cryptocurrency market. The launch follows a $269 million Initial Coin Offering (ICO) led by Coinbase, marking a pivotal moment for the platform.

Monad has launched its MON token on the Solana blockchain through the Sunrise platform, facilitating seamless trading and transfers across different blockchain networks. This launch is a significant step for Monad as it aims to enhance its market presence and user accessibility.

Monad's MON token faced a challenging trading debut following a slow token sale, marked by soft demand and low trading volume, which raised concerns about its distribution and market reception.

Enso has announced its full integration and support for the Monad mainnet launch, providing developers with immediate access to decentralized finance (DeFi) tools and liquidity from the outset. This integration is expected to enhance the functionality and accessibility of the Monad platform for users and developers alike.

Wormhole Labs has launched Sunrise, a new day-one listing platform on Solana, which will enable major assets to launch with immediate liquidity. The first asset listed on this platform is Monad's MON, marking a significant step for both the platform and the asset.

Sunrise has launched a unified gateway that facilitates the import of tokens from various ecosystems into the Solana blockchain, coinciding with the live deployment of Monad. This development aims to simplify token transfers and enhance user experience within the Solana ecosystem.