MON Price Jumps to Weekly High on Record Monad TVL - Crypto Economy

TL;DR

• MON jumped 17.5% in 24 hours and is trading at $0.02624. Trading volume rose 112% to $218 million, although the price remains below its all-time high.
• The move was driven by a short squeeze. Liquidations wiped out available short positions, open interest climbed above $127 million, and the market remains skewed toward long positions.
• The network posted a record TVL of $251 million and holds $397 million in stablecoins. Upshift increased its liquidity by 82% and manages roughly $476 million.

MON kicked off the year with a sharp rally and reached a weekly high after gaining 17.5% over the past 24 hours. The token trades around $0.02624, still well below its post-launch peak of $0.045, but the rebound came alongside a sudden surge in activity. Trading volume jumped 112% to $218 million.

Why Did MON Rise?

MON’s advance was driven by mounting pressure in the derivatives market that ultimately triggered a short squeeze. Over recent sessions, liquidations cleared out nearly all available short positions, pushing prices higher until that flow was exhausted. Once the forced liquidity was absorbed, the rally lost momentum. The move has not yet been supported by a sustained improvement in spot demand.


Open interest in MON derivatives remains near an all-time high, with more than $127 million in positions. The market continues to favor long exposure, while short selling stays limited due to the token’s volatility. Every attempt to build bearish positions has resulted in rapid liquidations.

Alongside the token rally, the Monad network reached a record $251 million in total value locked. The chain holds more than $397 million in stablecoins and supports a growing base of DeFi applications. TVL growth has not been linear, as it has been driven by specific campaigns and incentive programs.

A Continuously Expanding Ecosystem

The core application within the ecosystem is Upshift, a capital allocation platform that increased its liquidity by more than 82% over the past month and reports $476 million under management. Monad follows a model that prioritizes application-level economics over direct incentives for block production. Validator fees remain low, while value concentrates at the app layer.


Daily application revenues peaked above $200 million toward the end of 2025, then slowed alongside the broader post-holiday market cooldown. The pattern points to an active network that still relies on incentives to sustain its growth pace.

MON also offers staking, with around 14% of the supply locked and annualized yields of up to 12%, depending on price performance