Monad blockchain hits $350M TVL

Monad, a Layer 1 blockchain, has surpassed $350 million in total value locked (TVL), marking rapid growth since its November 2025 mainnet launch. This achievement positions Monad as the fastest Layer 1 to reach $300 million TVL in recent years. Despite this milestone, Monad's TVL represents less than 0.4% of the total TVL across all blockchains, indicating substantial potential for market share expansion. However, the blockchain's daily fee generation remains low, averaging under $3,000, resulting in one of the lowest fee-to-TVL ratios among chains with significant capital. This disparity raises concerns about the sustainability of its growth if fee revenue does not increase proportionally with locked assets.