Monad wallet

What is Monad (MON)?

MON is the native coin of Monad, a Layer 1 built to run Ethereum-style smart contracts much faster than Ethereum itself. The chain keeps full EVM compatibility, so contracts, tooling and address formats are the same as on Ethereum, but under the hood it executes transactions in parallel, separates consensus from execution and stores state in its own database, MonadDB. For a holder the practical outcome is short block times and gas that is usually a small fraction of a cent.

What is specific about holding MON:

• MON is a native coin, not a contract token. It pays every fee on Monad, so any wallet that holds Monad-based tokens also needs a little MON on the same address to move them.
• Monad charges gas by the limit a transaction sets rather than by the gas actually used, which is different from Ethereum. Set a reasonable limit instead of an oversized one, or the fee will be higher than expected.
• A wrapped ERC-20 version, WMON, exists for use inside DeFi apps. It is a separate contract token that is redeemable one to one for MON, so if a balance looks missing after interacting with an app, check whether it was wrapped.
• Before mainnet, Monad ran a long public testnet with test MON that has no value and no connection to the real coin. Older meme tokens also used the Monad name or the MON ticker on other chains. The real MON is the native coin of the Monad network.

Because a Monad address is the same 0x string as on any other EVM chain, the network is the detail to watch when sending. The Tangem app shows the network and the address on the send screen, and the holder checks them before the card signs, so the check happens at the moment it matters. Supported networks in Tangem (1): Monad. For a coin whose address looks identical to a dozen other chains, that visible network line is the main reason to keep MON here.