Hyperliquid lists 3x leverage perps for unlaunched Monad token
Hyperliquid has listed perpetual futures for the unlaunched Monad (MON) token, allowing traders to speculate ahead of its mainnet debut.
- MON-USD perpetuals are available on Hyperliquid with up to 3x leverage, despite the token not yet launching.
- Originally expected on Sept. 30, Monad’s mainnet is still offline as of Oct. 8, currently in the audit phase.
- Users can engage with the Monad testnet and ecosystem projects, participate in games, and complete tasks to potentially earn testnet MON allocations.
Decentralized derivatives exchange Hyperliquid has listed perpetual futures contracts for the Monad (MON) token, despite the token itself not yet having launched. According to Hyperliquid’s announcement , the listing came “by community request,” and traders can now long or short MON-USD hyperps with up to 3x leverage.
As for the actual token launch, multiple industry outlets had pointed to Sept. 30 as the expected date for the Monad token and mainnet launch. However, as of Oct, 8, the TGE is yet to occur, and the mainnet remains offline.
Given the late-July announcement from Monad’s co-founder, it appears the project is currently in the audit phase—the final step before mainnet deployment. Historical patterns from comparable Layer-1 networks such as Aptos, Sui, and Solana indicate that the audit-to-mainnet timeline typically spans around four months . If Monad’s audit indeed began in late July, the project’s mainnet launch may not arrive until November or later.
While this extends the waiting period, it also provides more time for users to deepen their engagement with the ecosystem and potentially influence their future airdrop eligibility. This can be done through Monad testnet, which went live in February.
Specific examples of engagement include interacting with ecosystem projects such as Kintsu, Magma, FastLane, Opinion Labs, aPriori, and Kuru, playing games like 2048, and using various testnet DApps. Users who hold a Full Access role on Discord may receive 5 MON on the testnet. Those holding at least 0.01 ETH on Ethereum Mainnet with an outgoing transaction may receive 2 MON, while all other testnet participants receive a smaller allocation of 0.05 MON.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Bitcoin News Today: Bitcoin Drops to $90K—Is This a Prime Buying Chance or the Start of a Deeper Downturn?
- Bitcoin fell below $90,000, pushing 70% of active capital into losses and erasing $120B in market value. - Short-term holders face >30% drawdowns, with fear metrics hitting 2-year lows as $1.9B in leveraged positions liquidated. - Analysts cite historical rebounds after extreme fear, but MicroStrategy's leveraged holdings risk further selling if prices drop. - Institutional actions and Fed policy uncertainty remain key factors, though oversold indicators suggest potential 40% near-term rebound.
Coast Guard Strengthens Prohibition of Hate Symbols to Combat Antisemitism and Extremist Activity
- U.S. Coast Guard reversed a policy to reclassify hate symbols like swastikas and nooses from "potentially divisive" to prohibited, following backlash from lawmakers and advocacy groups over antisemitism risks. - The reversal came after a leaked draft proposal aligned with Trump-era Pentagon directives, which critics argued weakened harassment definitions and accountability for hate incidents. - Coast Guard reaffirmed strict prohibitions on divisive symbols, emphasizing severe punishment for violations, b
Bitcoin Updates Today: MicroStrategy Faces a Bitcoin Conundrum: Should They Retain for Future Gains or Liquidate to Stay Afloat?
- MicroStrategy's stock hits 52-week low as Bitcoin dips below $88,000, testing its BTC treasury strategy's viability. - 650,000 BTC holdings now "underwater" at $74k average cost, limiting capital raises and straining liquidity instruments. - Preferred shares (STRD/STRK) fall 30-34% as market demands higher yields, while JPMorgan warns of $8.8B outflow risk from index exclusion. - CEO Saylor claims 80% BTC drop tolerance, but critics fear forced sales could trigger self-fulfilling price declines. - Weak c
XRP News Today: XRP Faces $1.75 Test as Buyers Confront $15M Withdrawals with ETFs on the Horizon
- XRP faces critical $1.75 support zone amid $15.5M outflows and 50% decline from July highs. - TD Sequential buy signals and ETF launches (Nov 18) could trigger rebounds or stabilize price. - Key resistance at $2.150 threatens bearish trend if $1.75 support fails to hold. - Market volatility highlights ETFs' potential to shift institutional adoption and price dynamics.
Trending news
MoreCrypto prices
More
