Hyperliquid, the decentralized eternal exchange, announced on Wednesday that it has stated Mon-USD Hyperps, giving merchants the opportunity to go long or short token in a phase before the market.
More is the native token of Monad, a blockchain in layer 1 designed to be fully compatible with Ethereum Virtual Machine (EVM) – a feature that makes it easier for developers to migrate their applications from Ethereum.
Both Hyperliquid’s message and Monad’s recent posts suggest that an air drop can be imminent, with the project’s official teasing their “AirDrop Claim Loading” feature reaching 98% on October 8, according to Monad’s latest update on X.
Based on trade in Mon-USD Hyperp, prices almost $ 0.13, Monad’s fully diluted valuation (FDV) is approx. $ 13 billion, with 100 billion mon-tokens, expected to be distributed through AirDrop.
The new Mon -Market has already seen a strong activity and records $ 28 million in trading volume over the past 24 hours on the decentralized exchange.
Read more: Ethereum L1 Monad joins the orderly network for DEFI Boost
