Keone Hon, co-founder and GM of Monad, shared an exciting update on the second day of Monad's Mainnet launch. In his tweet, he highlighted a flurry of integrations, launches, and milestones that are propelling the ecosystem forward. For those new to Monad, it's a high-performance layer-1 blockchain designed for speed and scalability, with MON as its native token. Let's break down the key happenings in a straightforward way.

New Onramp Supports for MON

Getting fiat into crypto just got easier on Monad. Several providers rolled out support for direct onramps to MON, meaning users can buy the token straight from traditional currency without jumping through hoops. The list includes:

• Alchemy Pay
• Banxa
• Capa
• Koywe
• OSL Pay
• Swapped
• Transak

This is huge for accessibility, especially for newcomers looking to dip their toes into the Monad ecosystem without needing advanced wallets or exchanges.

Developer and Infrastructure Tools

Tenderly, a popular platform for smart contract simulation and debugging, added support for Monad. This helps developers build and test dApps more efficiently.

Additionally, JiffyScan introduced a UserOp explorer, which tracks user operations—essentially bundled transactions that make interactions smoother and cheaper on the network.

DeFi Protocols Going Live

Day 2 saw a wave of DeFi (decentralized finance) projects launching on Monad. DeFi lets users lend, borrow, trade, and earn yields without traditional banks. Here's who went live:

• @AccountableData with their first vault, a secure way to store and manage assets.
• @Curvance, likely focusing on lending or yield optimization.
• @YapdotMarket, possibly a marketplace for assets or NFTs.
• @FolksFinance, known for cross-chain lending and borrowing.
• @SelaNetwork, which might specialize in liquidity or trading.
• @nardotbet, sounding like a betting or prediction market platform.
• @WombatExchange, a stablecoin swap protocol for efficient trades.

These launches are key for building liquidity and attracting users to Monad's fast and low-cost environment.

Cross-Chain and Integration Milestones

@AvailProject deployed on Monad, enhancing data availability—a critical piece for scaling blockchains by offloading data storage.

Telegram Wallet added MON support, making it simple for millions of Telegram users to hold and transfer the token right in the app.

Polymarket, a leading prediction market platform, enabled transfers for MON and USDC (a stablecoin pegged to the US dollar), opening up betting and forecasting opportunities.

Meme and NFT Action with Skrumpeys

Adding some fun to the mix, Skrumpeys NFTs were minted and quickly climbed to #2 in volume on Magic Eden, a popular NFT marketplace. NFTs are unique digital collectibles, and meme-inspired ones like Skrumpeys often go viral in crypto communities. This buzz could draw more retail interest to Monad, blending serious tech with playful memes.

Network Stats and Growth

The numbers speak for themselves:

• 372 contracts verified in the last 24 hours, totaling 2,690. Contract verification ensures transparency and security for smart contracts.
• 97 entries now in Monad's ecosystem directory (check it out here).
• Over $100 million in stablecoin TVL (total value locked), with top spots in Uniswap (a DEX for trading), earnAUSD vault from Upshift, Gearbox (leveraged farming), Morpho (lending protocol), and Curve (stablecoin swaps).

Keone noted that many teams are still setting up liquidity, integrations, and dashboards, signaling that this is just the beginning. With such rapid adoption, Monad is positioning itself as a go-to chain for DeFi and meme token enthusiasts alike.

If you're into meme tokens, keep an eye on how projects like Skrumpeys evolve on Monad—they could be the next big thing in the playful side of crypto. Stay tuned for more updates as the ecosystem grows!