Monad Just Hit $831 Million TVL All-Time High After Phantom Ends Platform Support
Monad just posted a genuine all-time high in total value locked, the kind of number that usually gets celebrated across every crypto news outlet without much scrutiny. At almost the exact same time, one of the industry‘s most widely used wallets announced it’s dropping support for that same network entirely. I don‘t think that’s a coincidence worth glossing over, and I think understanding both sides is the only way to actually judge whether Monads momentum is real. The Numbers Behind Monads New $831 Million High Monads total value locked has reached a new all-time high of $831 million, according to a recent update from CertiK. I think the scale of this jump deserves context. Just weeks earlier, Monad‘s TVL was being reported around $477 million, and before that, around $800 million with roughly $3,000 a day in fee revenue. Crossing $831 million now represents a genuinely fast climb, even by the standards of a chain that’s spent most of this year growing quickly. The data behind that headline number breaks down across two distinct categories, and I think both are worth understanding separately, because they tell somewhat different stories about where the growth is actually coming from. Lending Protocols Are Driving The Surge Over the past month,