Eight months after mainnet, Monad has grown into an increasingly active execution environment in DeFi. Total value locked has crossed $1.4 billion, more than 150 apps are live, and daily transaction counts are in the millions. Here's what the numbers look like as of late July 2026.

Key Numbers

  • Total Value Locked (including borrows): over $1.4 billion
  • DeFi TVL: over $770 million
  • About 3.5 million transactions per day across 150+ apps
  • Stablecoin market cap: over $550 million
  • Real-World Assets (RWA): over $430 million
  • Ranked in the Top 15 for DEX trading volume

Payments & Onramps

  • More than 30 fiat onramps (Coinbase, MoonPay, PIX, UPI, and others)
  • Support for major stablecoins (USDC, USDT, AUSD, EURW, and more)
  • Visa and Mastercard support stablecoin payments
  • MetaMask Money Account lets users spend directly from their DeFi positions while still earning yield

DeFi

  • Aave V3: $250 million
  • Euler: over $175 million — larger than its Ethereum deployment
  • Pendle: over $130 million
  • Morpho: $115 million
  • Growing institutional capital flow, including from firms like K3 Capital and Hyperithm

Trading

  • Spot trading volume: around $15 billion cumulative
  • Monthly DEX volume consistently over $1 billion
  • Perpetuals trading is growing fast on Monad, with volume spread across multiple venues rather than concentrated in one — individual perp DEXs have already posted months in the hundreds of millions, and protocol-managed virtual liquidity models like LeverUp's are contributing to that growth
  • Prediction markets (Kalshi and Polymarket) now support Monad
  • MON is listed on Coinbase, Revolut, and Interactive Brokers

Real-World Assets

  • Over $430 million in tokenized RWAs — the third-highest total among all chains
  • These assets are actively used as collateral, for trading, and to earn yield
  • Includes treasuries, private credit, Tether Gold, cbBTC, and more

Network & Builders

  • Fully EVM-compatible, making it straightforward for major protocols to deploy
  • Over 15,000 daily active addresses
  • More than 500 million transactions since launch
  • 200 validators
  • Block times now at 300ms
  • Active research progress on encrypted mempools and faster consensus

Where This Is Heading

Eight months of data points to a chain where trading activity, not just TVL, is doing a lot of the work — Top 15 DEX volume rankings and a growing perpetuals category are both signs of an ecosystem where capital is actively moving, not just parked. That growth is broad-based: it's coming from lending markets, spot DEXs, and a widening set of perp venues building on Monad's execution speed, LeverUp included.

Related reading

Trade perpetuals on Monad: app.leverup.xyz