A few days ago, Mr. Godot @GodotSancho talked about the challenges of building a public chain. Coincidentally, Monad has been live for just over a week now. Let’s take a look at the data: - There are nearly 50,000 tokens on the Monad chain, with 21,000 created in the first two days and about 1.1k created in the past day. - Monad’s main DEXs include four platforms: PancakeSwap, Uniswap, and two native DEXs, Kuru and Pinot. - During the first three days after launch, Monad DEX daily trading volume stayed above $60M, but in the past day, it has dropped to less than $15M, a decline of over 70%. - PancakeSwap and Uniswap together account for over 98% of Monad DEX’s cumulative trading volume, while the two native DEXs contribute less than 2%. However, in terms of the number of trading addresses, Pinot surpasses PancakeSwap, with 62k addresses contributing 86k transactions and a total trading volume of $170k. The farming is real… - DEX trading volume mainly consists of WMON and various stablecoins like USDC and AUSD. There was also a Meme coin called ANAGO that hit over $5M in trading volume on Monad’s mainnet on its first day, but it quickly fizzled out. Its price peaked on day one and then went full Mario.