- #1318
ShMonad SHMON Price
ShMonad Price Chart (SHMON)
SHMON Price
SHMON vs. Liquid Staking Tokens (LSTs)
ShMonad Detailed Performance
SHMON shows Bearish signs against top cryptocurrencies, leading categories and blockchains over various time periods
SHMON to USD Converter
Price History
- All-Time High
- $0.061012.20x to ATH
- All-Time Low
- $0.024431.13x to ATL
- Trade Launch Date
- 27 Nov, 2025
344 days ago
What is ShMonad (liquid staking token)?
ShMonad is a liquid staking protocol built exclusively for the Monad blockchain that converts MON into a yield-bearing asset. Users stake their native tokens through smart contracts to receive SHMON, which accrues value from staking rewards and validator MEV.
How does the ShMonad staking mechanism work?
The protocol issues SHMON tokens when users deposit MON into its liquid staking smart contracts. These deposited assets are delegated to validators to generate staking yields and capture MEV, allowing the liquid token to appreciate in value relative to the underlying native asset over time.
On which blockchain network is the SHMON contract hosted?
The SHMON smart contract is deployed natively on the Monad network. The specific contract address is 0x1b68626dca36c7fe922fd2d55e4f631d962de19c, and its on-chain activity can be verified directly on MonadScan.
Does ShMonad have a fixed maximum supply?
SHMON features an elastic supply model with no fixed maximum cap. The total number of tokens in circulation expands or contracts dynamically based on the amount of underlying MON deposited into or withdrawn from the liquid staking protocol.
Which native cryptocurrency backs the SHMON token?
The native MON cryptocurrency serves as the underlying backing asset for SHMON. This direct deposit structure ensures that the liquid staking derivative maintains a foundational peg to the Layer 1 asset while accumulating additional network yield.
Where does the yield for SHMON come from?
Yield is generated through a combination of standard network staking rewards and Maximal Extractable Value (MEV) captured by validators. This dual-revenue approach allows the liquid staking token to accumulate value continuously while remaining fully transferable across decentralized applications.
ShMonad (SHMON) Price Live Data
The current price of ShMonad (SHMON) is approximately $0.02768, reflecting a decrease of −1.46% in the last 24 hours. The SHMON trading volume in the last 24 hours stands at $4,489.21. ShMonad's market cap is currently $5.28 million, accounting for about < 0.01% of the total crypto market cap. The circulating supply of SHMON is 190.60 million.