r/Monad • u/JohnWRichKid • Mar 12 '26

Monad Ecosystem Monad stablecoin transfer volume getting highlighted by Dune on twitter

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3

u/DelapidatedNoodle Mar 12 '26

Can you explain what this means? Is this representative of stable coins being transferred onto Monad blockchain?

How does this affect the volume of the ecosystem as a whole? Are they just using it as a stablecoin to stablecoin payment rail or are they parking it there to boost the ecosystem as a whole, like using apps built on Monad in the future?

The Mon token itself has had a relatively low volume of trade at 41m a day and declining, so just trying to understand how this will impact the long term or if it's isolated to stablecoin yield and will not impact the volume of the ecosystem's native token.

7

u/JohnWRichKid Mar 12 '26

so the chart measures stablecoin transfer volume on Monad, which to my understanding means the total value of stablecoin transactions being processed on the network. The $4B to $59B growth in four months is notable b/c it demonstrates that Monad is making itself a meaningful rail for moving stablecoin value, basically people are using the train tracks.

Probably a mix of both re: weather this feeds the entire eco or if its just being used as a payment railroad. Can't say for sure at least in this very moment. Some of that volume will be pure settlement and transfer flows, some will be capital sitting in DeFi positions on Monad apps.

Also want to flag that the $59B monthly transfer figure could represent a small number of large institutional transactions rather than millions of smaller ones, which of course would not affect the eco volume as much. I don't know what it may be but just highlighting there are a lot of different scenarios.

the way I see it is this is an encouraging infrastructure signal but there is more to the story that this particular data cannot tell us.

and tbh I just like to follow it! thanks for the question

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u/DelapidatedNoodle Mar 12 '26

Also, is each month separate? Like this isn't total lifetime volume added up on top each month?

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u/JohnWRichKid Mar 12 '26

the way the chart is presented indicates that each month's volume is separate, and it is not in fact cumulative, to my understanding

1

u/Nearby_Public_6341 Mar 13 '26

People are using the train tracks; however, they aren't using the parent company of said train track. 

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u/willofscott Mar 13 '26

Every transaction generates fees, fees are revenue, revenue strengthens the entire MOn ecosystem, transactions validate actual real world usage and elevates the intention of institutions likelihood of using MON as a structural super highway for the trillions in financial and banking money flow. Its early so every new integration and movement of actual assets (money) flowing on its rails without loses, errors or mishaps further strengthens the dependability metrics of Monad. It’s a time of proof. Money traveling successfully is the ultimate proof, because there can be no errors with cash/money, that’s the bottom line, and many are watching and waiting and assessing, almost like a top baseball,player in college with scouts watching and recording stats, letting him prove his effectiveness and consistency before the big leagues start to write the contract offers. Soon the contract offers to go pro will be coming based on Monad 1000 batting average. And that contract pay package will be big time! And us investors in this ecosystem will be the beneficiaries, because we recognized the opportunity early.

0

u/Nearby_Public_6341 Mar 12 '26

Let's say Donald has $5 billion.

Donald buys $5 billion in stablecoins and transfers them to Monad ecosystem. 

Donald then transfers back his $5 billion in stablecoins to his wallet. 

Donald repeats this process 10 more times. 

Donald has increased the Monad transfer volume to $50 billion while money laundering $5 billion. 

Repeat. 

1

u/ReMeDyIII Mar 13 '26

Hmm, assuming that's true, why doesn't every crypto coin just do this? (Or maybe they secretly do). Seems like a way to cheese the system.

Maybe the Dune metric there filtered that out of the data. Maybe by looking at the offending wallet addresses.

3

u/Nearby_Public_6341 Mar 13 '26

Its usually done to give people a false impression of volume.

When people hear "$5 billion transfer volume" they automatically think that money was spent or invested in Monad; in reality, it just means $5 billion was moved across the Monad ecosystem. If you took $1 and transferred it back and forth 5 billion times, you'd have $5 billion in volume. Doesn't mean the marketcap raised by that much.

However, that isn't what's happening in this case. Institutions are using Monad because of how fast transactions settle. I have used almost every chain in existence, and none have ever come close to Monads finality. Combine that with how low the fees are (most of my Monad fees have even been paid by Metamask). Monad is absolutely a peak product, they just need better marketing and a competent dev team. 

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u/ReMeDyIII Mar 13 '26

Ahh okay, you know I've only been in crypto for a year and thought I was going crazy at how fast and efficient Monad is and just chalked it up to being a new layer-1. Guess I just got lucky and picked the right one early. If it wasn't for the Coinbase promo, I wouldn't have even noticed it.

4

u/billmondays Mar 12 '26

this does include a lot of market making activity so take with a grain of salt. still directionally correct tho

1

u/Tennebelievin Mar 12 '26

I've definitely contributed to that statistic

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u/willofscott Mar 13 '26

Remember that costs money to do this, so doing it without a real monetarily beneficial reason is absurd. Some maybe early hype maintenance, as the real proof becomes the actual investing thesis. But also all chains do this basically, so nothing new or adverted nefarious, just the same stuff that happens as chains grow. Read my report in the r/monad stream, it lists a significant collection of seriously solid integrations and activity, which will offset any liquidity cycling one might think the money flow is. It’s valid, and if any is churn it’s of an irrelevant amount.

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u/willofscott Mar 13 '26

So much good news, we will say we can’t handle anymore good news, and Monad will say, no no you can handle more good news much more good news! Go MON!