Monad Token Launch Postponed as Audit Continues, Futures Gain Momentum
Decentralized derivatives exchange Hyperliquid has recently introduced perpetual futures contracts for the Monad (MON) token, despite the token itself not being officially launched yet. According to Hyperliquid’s announcement, the listing was made “by community request,” allowing traders to long or short MON-USD hyperps with leverage of up to 3x.
Monad Token Launch Delay
While the Monad token and mainnet launch were initially expected around September 30, as reported by various industry sources, the Token Generation Event (TGE) has not occurred as of October 8, and the mainnet remains offline. This delay suggests the project is still undergoing final preparations.
Monad’s co-founder announced in late July that the project entered the audit phase, which is typically the final step before mainnet deployment. Based on historical patterns from similar Layer-1 blockchains like Aptos, Sui, and Solana, the audit-to-mainnet process generally takes about four months. Given that Monad’s audit began around late July, the mainnet launch may be postponed until November or later.
Community Engagement and Testnet Participation
This extended timeline offers users more time to engage deeply with the Monad ecosystem and potentially influence their eligibility for future airdrops. The Monad testnet, launched in February, supports various interactive opportunities. Users can explore ecosystem projects such as Kintsu, Magma, FastLane, Opinion Labs, aPriori, and Kuru, play games like 2048, and use different testnet DApps.
Monad rewards active testnet participants in MON tokens. For example, users holding a Full Access role on Discord may receive 5 MON, those with at least 0.01 ETH on Ethereum Mainnet and outgoing transactions may earn 2 MON, while other testnet users get smaller allocations of 0.05 MON.
