Phantom to End Monad Support on Aug. 26
Phantom will finish help for the Monad community on Aug. 26, the pockets firm mentioned on X on Friday, chopping off the high-throughput EVM chain roughly 9 months after its November 2025 mainnet launch.
“We’ll quickly start notifying Monad customers in-app with hyperlinks to help articles that share choices to maneuver or swap their Monad-native belongings,” Phantom mentioned. As a result of Phantom is self-custodial, Monad belongings stay accessible after the cutoff: customers can import their restoration phrase into one other pockets that helps the chain.
The 2 corporations gave totally different deadlines. Monad’s personal put up on X, printed about three hours earlier than Phantom’s, instructed customers Phantom help ends Aug. 12 and urged them emigrate to a different EVM pockets earlier than that date, pointing to an inventory of supported wallets in its documentation. Neither crew had publicly reconciled the dates by press time.
‘Time will inform which technique is correct’
Monad co-founder and CEO Keone Hon mentioned Phantom instructed the crew it’s eradicating Monad, together with one other community, “in an effort to focus extra on their core enterprise.”
“We would like Monad to be in all places, so this can be a step backward at a second after we are attempting to take many steps ahead to attach Monad (and crypto extra usually) to all elements of the monetary economic system,” Hon wrote on X on Saturday. He famous that Phantom, not like most EVM wallets, doesn’t let customers add networks themselves: “Time will inform which technique is correct for the EVM.”
Hon pointed customers towards MetaMask, Backpack, Rabby, Rainbow, Infinex, and Ambire. MetaMask moved rapidly: “Should you’re utilizing @monad, use it with MetaMask. We cowl your gasoline charges,” the pockets posted on Friday. MetaMask has been constructing on Monad since June, when it launched its Cash Account — a yield-bearing account with a linked card — solely on the chain.
Phantom turns towards Robinhood Chain
The timing factors to Phantom’s priorities. A day earlier than the Monad announcement, the pockets mentioned Robinhood Chain is now stay within the app, including the Arbitrum Orbit-based community Robinhood is utilizing to push tokenized equities and real-world belongings onchain.
Monad launched its mainnet on Nov. 24, 2025, after elevating $244 million from traders together with Paradigm and Dragonfly.
$MON drifts close to lows
$MON trades at $0.0205, down 1,3% prior to now 24 hours and 9.3% on the week, in response to CoinGecko. The token has fallen 58% from its Nov. 26, 2025, all-time excessive of $0.0488, set two days after mainnet went stay, and briefly dipped beneath its ICO value earlier this yr. Its market capitalization stands at $242 million in opposition to a $2.06 billion totally diluted valuation.
Onchain exercise is steadier: Monad holds $784.5 million in DeFi TVL, up 5.3% prior to now day, with $561.6 million in stablecoins and about 23,000 every day energetic addresses, in response to DefiLlama.
