6 of 34 papers at SBC this year are co-authored by Category Labs researchers. We're at Stanford all week, presenting across the main program, the MEV Workshop, and the Whitepaper Reading Club. Schedule below. Come say hi!

Phantom is ending support for Monad on August 12th If you hold funds in a Phantom wallet, please migrate to another EVM wallet before this date A list of supported wallets can be found here:

At SBC next week? Come meet up with other founders and onchain tinkerers for conversations and relaxed drinks. Hosted by the teams at @Cloudflare, @monad, and @ElectricCapital. sign up here:

Keone Hon says banks and enterprises don’t want to build inside walled gardens. “When we talk to enterprises, when we talk to banks, one of the consistent things that we hear is that they care about not building in a walled garden.” “They care about not building inside of an ecosystem where there’s one anchor tenant who is going to end up preferencing themselves.” “They care about building on credibly neutral, decentralized environments like Ethereum or Monad.” “The real value Monad can deliver is a dependable, performant, well-engineered system.” “One that delivers a high degree of decentralization and is credibly neutral.” “Not just a centralized thing that is kind of run by one big company.”

Join us for the @nitrodotacc Demo Day on July 28th in NYC The top 1% teams from over 1k applications will pitch their products in front of 100+ of crypto's top investors Sign up to attend here:

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

Ethena is now live on Monad USDe & sUSDe from @ethena are now available across the Monad ecosystem Ethena's integration on @aave brings deep stablecoin borrow liquidity to users