Bybit to Launch Monad (MON) Spot Trading on November 24

Bybit confirms Monad’s listing with MON/USDT trading live on Nov 24, introducing an EVM-compatible Layer-1 blockchain solution focused on Ethereum scalability.

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Summary

Bybit announced that Monad (MON) is now available on its Alpha platform, with MON spot trading and the MON/USDT pair launching at 23:00 UTC+8 on November 24. Monad is an EVM-compatible, high-performance Layer-1 blockchain designed to enhance Ethereum scalability. This official listing expands Bybit’s offerings and provides traders with immediate access to MON through the Alpha trading environment.

Terms & Concepts
  • Spot Trading: The purchase or sale of a financial instrument for immediate delivery and payment.
  • Monad (MON): A cryptocurrency token of a high-performance Layer-1 blockchain designed to address Ethereum’s scalability limits while retaining full EVM compatibility.
  • Layer-1 Blockchain: A base blockchain network, like Bitcoin or Ethereum, upon which other protocols and applications can be built.