Monad's MON token launches on Solana through Sunrise platform
Key Takeaways
- Monad's MON token is now available on Solana through the Sunrise platform.
- Sunrise is a new cross-chain gateway from Wormhole Labs enabling easy asset transfers between blockchains.
Share this article
Monad’s MON token today launched on Solana through Wormhole Labs’ newly introduced Sunrise platform, a cross-chain gateway that enables seamless asset transfers between blockchains.
The launch provides Solana users immediate access to the governance token of Monad, a blockchain project focused on high-throughput execution and scalability for decentralized applications.
Sunrise serves as a liquidity gateway built on Wormhole technology, acting as the primary route for bringing external tokens like MON to Solana with integrated visibility and trading capabilities. The platform positions itself as Solana’s day-one listing platform, facilitating instant markets for new tokens.
The rollout precedes Monad’s mainnet token launch, allowing Solana users to access and trade MON without complex bridging processes. The integration enables native trading pairs and streamlined bridging for MON holders across the two blockchain networks.
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 Update: Growing Optimism Faces ETF Withdrawals: The Delicate Balance of Crypto Stability
- Crypto markets show fragile stabilization as Fear & Greed Index rises to 20, but Bitcoin remains 30% below October peaks amid $3.5B ETF outflows. - Stablecoin market cap drops $4.6B and on-chain volumes fall below $25B/day, weakening Bitcoin's liquidity absorption capacity. - Select altcoins like Kaspa (22%) and Ethena (16%) gain traction while BlackRock's IBIT returns $3.2B profits, signaling mixed institutional confidence. - Technical indicators suggest tentative support at $100,937 for Bitcoin, but So
BCH Rises 0.09% as Momentum Fuels Outperformance
- BCH rose 0.09% in 24 hours but fell 4.22% in seven days, yet gained 22.72% annually. - It outperformed its Zacks Banks - Foreign sector with 0.66% weekly gains vs. -2.46% industry decline. - Earnings estimates rose twice in two months, boosting consensus from $2.54 to $2.56. - With a Zacks Rank #2 (Buy) and Momentum Score B, BCH shows strong momentum potential. - Annual 63.46% gains and positive revisions solidify its position as a top momentum stock.
DOGE drops 1.36% as Bitwise ETF debuts
- Bitwise launched the first Dogecoin ETF (BWOW) on NYSE, offering institutional-grade exposure to the memecoin. - DOGE fell 1.36% in 24 hours but rose 7.34% weekly, reflecting mixed short-term market sentiment. - The ETF aligns with growing institutional adoption and regulatory momentum for altcoins, despite a 52.35% annual decline. - Similar products like Bonk’s ETP and Ethereum upgrades highlight maturing crypto infrastructure and investor demand.
ZEC Falls 4.01% After Grayscale Submits Zcash ETF Conversion Application
- Zcash (ZEC) fell 4.01% in 24 hours as Grayscale files to convert its Zcash Trust into an ETF. - The ETF conversion aims to boost institutional exposure and regulated market access for ZEC. - ZEC shows 16.26% monthly gain and 736.04% annual rise despite recent 17.89% weekly drop. - Analysts highlight ETF approval could stabilize ZEC’s price and attract diversified investors. - The SEC’s decision on the ETF remains pending, shaping market perceptions and ZEC’s adoption trajectory.
Trending news
MoreCrypto prices
More
