MON/USDC on HyperliquidSpotPerp

Daily closes spanning the full history since listing. Switch to 1M for finer hourly-snapshot detail (our moat, collected since 2026-06-14).

Historical data is free to cite and reuse with attribution — link this page or hyperacademy.io.

Predicted funding (Binance/Bybit normalized to a 1h basis). Informational only — not investment advice.

Monad is a newer Layer-1 built for high throughput via parallel transaction execution while staying fully compatible with Ethereum's tooling, which made its mainnet launch and MON token generation event one of the more closely watched debuts of the past year. Trading activity on the MON perpetual has generally tracked the broader story of adoption following mainnet launch — developer migration, early app usage, and network performance benchmarks are the kind of updates that tend to move sentiment here more than macro crypto conditions alone. Leverage sits at a moderate tier appropriate for a newer network whose token-unlock schedule is still working through its early phases, which can add supply-side pressure that's less of a factor for more mature L1s. Funding on MON-USD has shown the volatility typical of a recently launched large-network token — capable of sharp moves in either direction as the market continues to price in the network's long-term adoption trajectory. Traders should expect a choppier ride here than on established L1s like SOL or ADA while MON's price discovery process continues to mature.