MON Token Expands to Solana via Wormhole NTT Integration

The native token of Monad, known as MON, has officially become multichain by integrating with Solana through Wormhole's Native Token Transfers (NTT). This strategic move is designed to maintain MON's core functionalities while offering access to Solana's advanced infrastructure and expanding ecosystem, according to Wormhole.

Understanding Monad

Monad is a Layer 1 blockchain that offers full Ethereum Virtual Machine (EVM) compatibility with remarkable performance metrics, including 10,000 transactions per second and an 800ms finality. It features near-zero gas fees and is built from the ground up with a focus on optimistic parallel execution, custom consensus mechanisms, and hardware efficiency. Monad aims to address the scalability, security, and decentralization trilemma while ensuring complete EVM compatibility, making it ideal for high-performance applications.

The Role of Wormhole's NTT

Wormhole's NTT is an open and composable token standard that allows for the seamless transfer of native tokens across different blockchain networks while preserving their intrinsic properties. NTT has already been adopted by notable projects such as Sky, Lido, and WalletConnect, showcasing its reliability and industry-wide impact. With MON's adoption, the token joins a roster of leading assets utilizing this standard.

Benefits of Using NTT

The integration with Wormhole's NTT enables MON to expand beyond Monad to Solana without liquidity fragmentation. Tokens utilizing NTT maintain full control over their behavior on each blockchain, including customizability, metadata management, and governance compatibility. This adaptability ensures that MON holders can engage with Solana's ecosystem, benefiting from near-instant transactions and reduced costs while retaining Monad's unique infrastructure performance.

Expanding Multichain Opportunities

Wormhole's NTT is increasingly being used by significant crypto assets to unify users and liquidity across chains. This expansion presents MON holders with new opportunities within Solana's ecosystem, enhancing their participation in decentralized finance (DeFi) and other blockchain applications.

About Wormhole

Wormhole is a leading interoperability platform facilitating multichain applications and bridges. It provides developers with access to liquidity and users across more than 40 blockchain networks, supporting diverse use cases in DeFi, governance, and beyond. Trusted by major entities like BlackRock and Uniswap Labs, Wormhole has enabled the transfer of over $70 billion through more than 1 billion cross-chain messages.