The post Monad Token Sale on Coinbase Raises Over $130 Million appeared on BitcoinEthereumNews.com. Key Points: Monad’s token sale has raised over $130 million. Significant retail engagement noted by Coinbase’s Scott Shapiro. Potential impact on DeFi and Layer 1 blockchain frameworks post-mainnet. The Monad token public sale on Coinbase platform has raised over $130 million, achieving nearly 70% of its $187.5 million target with the sale concluding on November 23. This event marks one of the largest token sales since 2018, showcasing significant retail investor interest and potentially impacting Layer 1 blockchain assets in the market. Monad Token Sale on Coinbase Exceeds $130 Million Monad’s token sale on Coinbase has made headlines as it surpasses the $130 million mark, representing 69.6% of its $187.5 million fundraising target. Keone Hon, alongside partners including Paradigm and Electric Capital, aims to bolster a scalable Layer 1 ecosystem. “Our focus is on scalable, parallelized EVM for the next era of DeFi and dApps,” Hon stated. Overview of MON tokenomics and economic model explains the sale offering of 7.5% of the total MON supply at $0.025 per token, setting a Fully Diluted Valuation of $25 billion. The sale indicates robust demand, with $23.2 million raised in the last 24 hours. The mainnet launch, scheduled for November 24, promises potential advancements in DeFi and dApps. This offering aligns with trends in increasing retail participation, a shift catalyzed by compliance with post-2018 SEC regulations. Did you know? Monad’s recent sale on Coinbase marks the largest public token offering on a U.S. exchange since 2018’s regulatory impacts, a sign of evolving market dynamics. Changing DeFi Landscape and Regulatory Shifts Did you know? Monad’s recent sale on Coinbase marks the largest public token offering on a U.S. exchange since 2018’s regulatory impacts, a sign of evolving market dynamics. According to CoinMarketCap, Monad (MON) is currently priced at $0.01 with a market cap of… The post Monad Token Sale on Coinbase Raises Over $130 Million appeared on BitcoinEthereumNews.com. Key Points: Monad’s token sale has raised over $130 million. Significant retail engagement noted by Coinbase’s Scott Shapiro. Potential impact on DeFi and Layer 1 blockchain frameworks post-mainnet. The Monad token public sale on Coinbase platform has raised over $130 million, achieving nearly 70% of its $187.5 million target with the sale concluding on November 23. This event marks one of the largest token sales since 2018, showcasing significant retail investor interest and potentially impacting Layer 1 blockchain assets in the market. Monad Token Sale on Coinbase Exceeds $130 Million Monad’s token sale on Coinbase has made headlines as it surpasses the $130 million mark, representing 69.6% of its $187.5 million fundraising target. Keone Hon, alongside partners including Paradigm and Electric Capital, aims to bolster a scalable Layer 1 ecosystem. “Our focus is on scalable, parallelized EVM for the next era of DeFi and dApps,” Hon stated. Overview of MON tokenomics and economic model explains the sale offering of 7.5% of the total MON supply at $0.025 per token, setting a Fully Diluted Valuation of $25 billion. The sale indicates robust demand, with $23.2 million raised in the last 24 hours. The mainnet launch, scheduled for November 24, promises potential advancements in DeFi and dApps. This offering aligns with trends in increasing retail participation, a shift catalyzed by compliance with post-2018 SEC regulations. Did you know? Monad’s recent sale on Coinbase marks the largest public token offering on a U.S. exchange since 2018’s regulatory impacts, a sign of evolving market dynamics. Changing DeFi Landscape and Regulatory Shifts Did you know? Monad’s recent sale on Coinbase marks the largest public token offering on a U.S. exchange since 2018’s regulatory impacts, a sign of evolving market dynamics. According to CoinMarketCap, Monad (MON) is currently priced at $0.01 with a market cap of…