Glossary
What is MON?
MON is the native coin of the Monad blockchain, used to pay gas fees and as the base asset most tokens are paired against in liquidity pools.
Like ETH on Ethereum, MON pays for every transaction's gas and is the default pairing when you create a token's first pool.
When a pool needs an ERC-20 on both sides, MON is wrapped into WMON so it follows the token standard.
Keep reading
Related terms
- WMONWMON (Wrapped MON) is an ERC-20 version of MON, used wherever a contract requires a standard token rather than the native coin.
- GasGas is the fee you pay to execute a transaction on an EVM chain, priced in the chain's native coin — MON on Monad.
- MonadMonad is a high-performance, EVM-compatible layer-1 blockchain designed for high throughput and low fees while running standard Ethereum tooling and contracts.