Wrapped MON
WMON
Evaluation Score
Overall rating on a scale of 0-10
Dimension Breakdown
AI Analysis
Comprehensive evaluation of the token
WMON (Wrapped MON) serves as a canonical 1:1 wrapped representation of the Monad blockchain's native MON token to facilitate DeFi composability on external networks. A data gap was identified in Active Development, which scored -1.0 due to a lack of verifiable development metrics or contract repository tracking in the retrieved data; its 20% weight was proportionally redistributed across the remaining five categories. Standalone community engagement is practically non-existent (scored 1.5/10), with minimal on-chain holders and zero recent transfer activity on Ethereum. Tokenomics (5/10) inherit Monad's underlying structure, characterized by uncapped supply, ongoing validator emissions (~2 billion MON annually), and multi-year insider unlock schedules extending into Q4 2029. Market metrics (4/10) reflect low organic liquidity and lack of independent value accrual beyond Monad network adoption. Team and Governance (4/10) and Security (5/10) highlight a clean track record free from direct exploits or depegs, but note the complete absence of independent smart contract audits, verified security scores, and decentralized governance for the wrapper contract. No qualifying red-flag events were established.
Development Activity
Code updates and developer engagement
Community Support
Social media presence and community engagement
Tokenomics
Supply, distribution, and utility
Market & Use Case
Value proposition and competitive landscape
Team & Governance
Team background and project governance
Security & Audits
Security history and audit status
About Wrapped MON (WMON)
Wrapped MON (WMON) is the wrapped token representation of the native MON asset from the Monad blockchain, minted and burned 1:1 against the underlying token. Monad launched on November 24, 2025, with an initial total supply of 100 billion MON and no hard cap. WMON exists as a standardized token to enable composability across decentralized finance (DeFi) applications that require standard contract interfaces, operating on Monad as well as external networks like Ethereum (via Wormhole) and Solana.
The underlying tokenomics of MON feature an ongoing inflation mechanism of approximately 2 billion MON per year (25 MON per block) distributed as validator rewards, offset by base transaction fee burns. Over half of the initial token allocation (50.6%) was designated to insiders, including team members, investors, and the Monad Foundation ecosystem fund, with scheduled token unlocks extending through the fourth quarter of 2029.
WMON exhibits low independent on-chain activity and lacks a dedicated team or decentralized governance framework, with wrapper custody and administration operating centrally. The smart contracts have no documented public security audit reports. Market data indicates weak post-launch trading demand, with the asset experiencing a drawdown of approximately 53% from its all-time high. Additionally, while the wrapper itself has not suffered direct exploits, third-party ecosystem protocols such as Curvance and Echo Protocol reported security incidents in May 2026.