Hyperliquid Lists MON-USD Perpetuals Amid Anticipated Monad Airdrop
- Hyperliquid, a decentralized perpetuals exchange, listed MON-USD hyperps, enabling traders to long or short the token pre-market.
- MON is Monad's native token, a Layer 1 blockchain compatible with the Ethereum Virtual Machine (EVM), facilitating app migration from Ethereum.
- A potential airdrop is hinted by both Hyperliquid and Monad, with Monad's "airdrop claim loading" feature at 98% completion as of October 8.
- The MON-USD hyperp trades around $0.13, giving Monad an estimated fully diluted valuation (FDV) of $13 billion.
- 100 billion MON tokens are anticipated for distribution via the airdrop.
- The MON market has recorded $28 million in trading volume over the last 24 hours on the decentralized exchange.
