Incomplete happenings across Monad last week Perpl - $300M 7d volume - OI is up to $10M - there are 6 markets: BTC, SOL, ETH, HYPE, MON, and ZEC LeverUp - $80M 7d volume - BTC and ETH do the most volume, but there are a bunch of other markets including equity perps (mostly large QQQ constituents) OBSDN - $1.5M 7d volume - Most of the volume was in SAMSUNG. with some volume in SKHYNIX, SEMCO, ZHIPU, and KIXOIA - It's early days but the team is proving out the ability to launch interesting new markets Drake Exchange - Private mainnet just launched Kuru - 89M 7d volume - MON/USDC is the biggest market - WETH/USDC, cbBTC/USDC, and XAUt0/USDC also are quite liquid - Also launched Agent Arena PropAMMs - Metric led the pack with $16M 7d volume - LFJ's POE is in second place - is a new website tracking PropAMMs pricing, volume, and markouts - New blog post: Other DeFi stuff - @ethena is live on Monad - @saturn_credit is live on Monad, with a Pendle market - Monad is the second largest SyrupUSDC market (after Ethereum) - Stablecoin marketcap: $273M USDC, $118M AUSD, $73M USDT0, $9M M by M0, $9M mUSD, $9M GHO - AUSD also crossed 10k holders on Monad! - PT-AUSD is up to $83M - aHYPER is up to $66M - savUSD is up to $24M Payments - Monad is live on @PodsFinance for USDC deposits/withdrawals - MON is tradable on Interactive Brokers - USDC can be deposited/withdrawn to Monad on Interactive Brokers - New docs page: Earn/Yield Infra ( - New docs page: Payment Orchestrators ( - Nook app is growing its presence in Aave Monad Builders - @buildanythingso hackathon was this weekend. BuildAnything is an effort to teach everyone that they can build anything using modern tools. The hackathon received over 250 submissions, with winner announcement coming soon - @DeltaV_xyz weekly shipping: Protocol - New Cadence blog post: - New ELI5 Cadence page: - v0.15.1 is released; see changelog: - This release schedules the block time reduction (from 400 ms to 300 ms) for Thu, Jul 23. Testnet upgraded successfully two weeks ago - Foundry v1.7.1-monad-v1.0.0 is released Other - Monad Cards Onchain: - Great interview with Nick Cherny of Janus Henderson: - The x402 Foundation launch; Monad Foundation is one of the founding members: Every week, a bigger week