TLDR
- MON rose 15% in 24 hours, trading near $0.0318, with 7-day gains of 32.40%
- StraitsX plans to launch XSGD and XUSD stablecoins natively on Monad in early 2027
- 24-hour trading volume hit $145.2 million, up 226.60% from the previous day
- Perpetuals open interest reached $188.2 million, about half of MON’s market cap
- Monad teased a privacy upgrade ahead of its October 6 Open Summit
MON, the token for the Monad network, climbed 15% over 24 hours. It traded at $0.03181 at the time of reporting, according to CoinGecko data.
Over seven days, MON gained 32.40%. The token moved between $0.02716 and $0.03444 during the 24-hour window.
This price sits about 35.3% below MON’s all-time high of $0.04883. A drop below $0.02716 would erase the daily gain.
Trading activity grew faster than price. CoinGecko reported $145.2 million in 24-hour spot volume, a 226.60% increase from the prior day.
Derivatives activity also picked up. Perpetuals open interest reached $188.2 million, close to half of MON’s $376.1 million market capitalization.
Derivatives volume measured 15.6 times spot volume. Eight-hour funding rates were positive at 0.0108%.
StraitsX Plans Stablecoins On Monad
StraitsX announced on October 1 that it plans to issue XSGD and XUSD natively on Monad in early 2027. XSGD would become the first Singapore dollar stablecoin issued natively on the network.
XSGD is set to become the first SGD-denominated stablecoin natively issued on Monad in early 2027.
We’re collaborating with @monad to bring $XSGD and $XUSD natively to their high-performance EVM network.
This integration expands on-chain currency options while opening up… pic.twitter.com/xhjwZ6ASry
— StraitsX (@StraitsX) October 1, 2026
The plan still depends on technical, regulatory, and compliance steps. StraitsX has not given an exact launch date.
StraitsX issues its stablecoins through entities licensed under Singapore’s Payment Services Act 2019. The company said Singapore’s Monetary Authority views both coins as compliant with its upcoming stablecoin framework.
StraitsX CEO Tianwei Liu said XSGD on Monad could support new card and payment products. Monad Foundation General Manager Keone Hon said the network is built for fast, low-cost payment infrastructure.
Monad currently holds about $692 million in stablecoins, according to the report.
Privacy Roadmap Also In Focus
Monad published a post-quantum roadmap on September 28. It prioritizes wallet protection first, followed by consensus, staking, the EVM, proof systems, and an encrypted mempool.
Work has begun on a post-quantum version of Cadence, Monad’s consensus mechanism. The final step involves an encrypted mempool using batch threshold encryption, designed to limit opportunities for maximal extractable value.
Monad named 2028 to 2029 as a target window for several of these components.
Privacy is coming. pic.twitter.com/cAopcjUADK
— Monad (@monad) September 30, 2026
On its official X account, Monad analyst-facing post teased “Privacy is coming” ahead of its Open Summit scheduled for October 6. The post did not include further technical details about what would be announced.
Monad’s existing developer tools already support private transactions using zero-knowledge proof technology, giving the network a base to build on.
Technical analysis from TradingView data showed MON testing a local high near $0.032758 after bouncing off former resistance at $0.027, which has become a support level. The token’s RSI stood at 69.23 at the time of reporting.
MON reached as high as $0.03444 during the 24-hour window tracked by CoinGecko.
