Monad Chain has created nearly 50,000 tokens within a week of its launch, with 21,000 tokens minted in the initial two days, according to Chainthink data from @defioasis. Despite this rapid token creation, the daily trading volume on Monad's decentralized exchange (DEX) has significantly decreased, falling from $60 million in the early days to under $15 million, marking a decline of over 70%.
The Monad DEX has managed to attract over 225,000 trading addresses, contributing to a cumulative trading volume of $435 million. This activity highlights the platform's initial traction, although the sharp drop in daily trading volume suggests a cooling interest or market adjustment following the initial launch excitement.
Monad Chain Generates 50,000 Tokens in First Week Amid Trading Volume Decline
Disclaimer: The content provided on Phemex News is for informational purposes only. We do not guarantee the quality, accuracy, or completeness of the information sourced from third-party articles. The content on this page does not constitute financial or investment advice. We strongly encourage you to conduct you own research and consult with a qualified financial advisor before making any investment decisions.
