Monad's Price Jumps 21% Amid Bullish Momentum in Crypto Market

Monad's price jumped significantly in the last 24 hours, as it surged by over 21% amid a bullish momentum in the crypto market. This upward trend can be attributed to various factors, including major developments on the network and partnerships with institutions.

The cbBTC bridge, which connects Coinbase wrapped Bitcoin from the Base network directly to Monad, was activated through Chainlink. This integration unlocks over $5 billion in Bitcoin-backed liquidity for decentralized finance applications on the Monad chain, allowing developers to build lending, borrowing, and trading products that use real Bitcoin exposure.

Total value locked on Monad has reached $383 million following major partnerships with the New York Stock Exchange and Securitize. These alliances focus on building a 24-hour platform for tokenized securities, improving asset transfers across exchanges, and attracting institutional capital by ensuring regulatory compliance and operational efficiency.