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Recently, the disputes between the Monad 🆚 MegaETH communities have been lively, with some saying it's like the competition between SUI 🆚 Aptos. Although the technology and teams differ, they both represent "high-performance public chains."
MegaETH just completed its TGE, and Monad has also released several positive news items in quick succession, which together are quite interesting:
On April 30th, Monad's development team Category Labs announced they would increase the repurchase scale of $MON from the open market from 30 million to 80 million USD. But note the wording of the announcement; this is not a purchase commitment (and could be canceled), but rather the team expressing an attitude: they believe the current price is undervalued.
On the same day, MON was listed on Revolut exchange. Revolut is like the "European Robinhood," focusing on a simple interface, low fees, and low barriers (a platform where you can buy stocks, ETFs, cryptocurrencies, etc., all at once), covering 50 million users worldwide. For MON, this means an additional fiat on-ramp and access to ordinary retail users.
On May 1st, Centrifuge brought tokenized US Treasuries (JTRSY), AAA-rated CLOs (JAAA), and Apollo's diversified credit strategy (ACRDX) to Monad. These are the first institutional-grade RWA assets on Monad. Centrifuge also launched deRWA wrapped tokens, making it easier to lend, collateralize, and trade in the Monad DeFi ecosystem.
Last month, Asia-Pacific user @lulu70191243 shared some activities planned for Monad in May, including a three-week co-creation space in Shanghai, featuring hackathons, closed-door AI-themed meetings, VC matchmaking, and acceleration programs, aiming to build a bridge between Chinese and American AI and blockchain, leveraging Monad's US team background.
In Q1, Monad introduced several new executives, including a VP of market expansion, head of institutional growth, and head of Asia-Pacific institutions. The buyback, listing, RWA, and AI incubation initiatives are likely related to this. Monad's strategy is very clear:
Use buybacks to stabilize price expectations and market confidence, use Revolut to open retail entry points, introduce real institutional assets and liquidity through RWA, and finally, build a differentiated narrative with AI incubators.
This also shows that in the highly competitive and ambitious public chain sector, merely doing technical solutions is not enough; active engagement in ecosystems, business development, and asset onboarding is essential.