Remember that $MON is not yet listed on Binance Spot
The @monad ecosystem may not yet show any signs of improvement, but I have also observed 2 points that are expected to have positive impacts on the ecosystem in the future.
1⃣ DeFi will be focused on development
Immediately after the drama of staff layoffs, the Monad Foundation quickly moved to recruit many roles related to DeFi such as:
- Head of DeFi
- DeFi Success Lead
- DeFi Specialist
When reading job requirements for roles related to DeFi in the Monad ecosystem, it seems that Monad is expecting:
- Promoting many Native Dapps in the ecosystem
- Helping Native Dapps find differentiated products and strategies to develop.
- Focus on the Real World Assets sector.
I see that the Monad Foundation is clearly observing the current market context of DeFi, the DeFi ecosystem on Monad, and the direction of DeFi on Monad in a relatively comprehensive manner.
In addition, the Monad Foundation is also recruiting for the Global Events role, so it is highly likely that the Monad Foundation will promote many Global Hackathon programs, Offline, Online,... to develop the ecosystem.
2⃣ Pumpfun will help HST become lively
It seems that @Pumpfun is preparing to expand outside of the Solana ecosystem, including Base, Ethereum, BNB Chain, and Monad. The fact that Pumpfun is expanding into ecosystems like Base, Ethereum, and BNB Chain is understandable as these ecosystems are extremely lively even in the context of a bad market.
But with Pumpfun expanding into Monad, it is a big question mark as the Pumpfun ecosystem is quite poor and has few active users.
From here we can suggest some conspiracy theories such as:
- Monad & Pumpfun have been collaborating to bring Pumpfun to promote Memecoin in the Monad ecosystem, remember that before the mainnet, the Meme culture on Monad was relatively vibrant.
- Pumpfun has some mysterious information about the Monad ecosystem that could boost Memecoin in the near future.
One extremely interesting thing about $mon that everyone should pay attention to is that $MON has only been listed Future on Tier 1 exchanges like #Binance or #OKX, but has not yet been listed Spot.
- I believe that when $MON has not yet been listed Spot on Tier 1 exchanges, the team or VCs still do not have an Exit plan from the project.
-> That is also the reason why $MON has been hovering around the $0.02 mark for a long time.
I myself am still relatively bullish about the Monad ecosystem, Monad and $mon
in the upcoming long-term cycle!