Coinbase Advances Monad MON Send and Receive Functions
- Coinbase supports Monad MON, enhancing Layer 1 infrastructure.
- Integration allows seamless MON interaction.
- Boosts EVM-compatible chain growth.
Coinbase now supports Monad (MON) “Send and Receive” functionality, enhancing user interaction with EVM-compatible infrastructure. Statements from Brian Armstrong and Keone Hon highlight this development as a significant step for both Coinbase and Monad Labs.
Coinbase announced on November 24, 2025, its advancement of Monad (MON) Send and Receive capabilities, solidifying its role in next-gen Layer 1 ecosystems.
Integration of Monad at Coinbase
Coinbase has integrated the Send and Receive functionality for Monad (MON), marking a new phase in blockchain interaction. Following this, Coinbase users can freely transact MON, aligning with ambitious Layer 1 infrastructure goals.
Brian Armstrong, CEO, Coinbase, stated, “Excited to announce that Coinbase is now supporting Monad (MON) perpetual contracts and advancing core wallet functionality, including Send and Receive for MON. This is a major step in expanding access to next-gen Layer 1 ecosystems.”
The integration involved notable stakeholders like CEO Brian Armstrong and Monad founder Keone Hon. Both emphasized the importance of seamless on-chain interactions and the potential for extensive ecosystem growth.
The effects are immediate, notably enhancing user interaction within EVM-compatible chains and possibly redirecting capital flows. Institutional engagement is evident with keen interest noted during the MON public sale.
Looking ahead, the financial implications remain significant. With 35% of circulating MON reportedly staked, liquidity dynamics could shift. Regulatory, technological, and market developments continue to hold substantial intrigue in the crypto community.
You May Also Like
Bitcoin ETFs Surge with 20,685 BTC Inflows, Marking Strongest Week
Your Crypto Companion: Navigating the Fast-Paced Digital Market
