Coinbase’s Strategic Return to Token Sales

Coinbase’s strategic return to token sales

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Coinbase ICO Mechanics

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Monad: EVM Layer 1

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$MON Tokenomics

Source: https://www.monad.xyz/announcements/mon-tokenomics-overview — $MON tokenomics

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Monad Pre-Market Activity

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Investor Opportunities and Risks

Conclusion

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Monad’s MON token is launching through Coinbase’s revamped ICO platform, offering retail access at $0.025 before mainnet. Here’s a fast breakdown of the mechanics, tokenomics, pricing, and risks.

Dragonfly Capital

Paradigm

Monad Token Sale on Coinbase

About MegaETH Sale on Sonar

Funding Timeline

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Market Position

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Strategic Outlook

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MegaETH, a high-speed Ethereum Layer 2 backed by Vitalik Buterin and Dragonfly Capital, is gearing up for its token sale on Cobie’s Sonar platform — a pivotal step toward its real-time blockchain vision.

Vitalik Buterin

Joseph Lubin

Sreeram Kannan

MegaETH Token Sale on Sonar

United States of America

Lightspeed Venture Partners is a prominent venture capital firm recognized for its strategic investments in innovative and high-growth technology companies. Founded in 2000 by Chris Schaepe, Barry Eggers, Ravi Mhatre, and Peter Nieh, Lightspeed has played a pivotal role in shaping the success stories of numerous startups across various sectors.

Lightspeed Venture Partners

Dragonfly Capital Partners, commonly referred to as Dragonfly Capital, is a venture capital firm that focuses on investments in the blockchain and cryptocurrency space. Dragonfly Capital is known for its active involvement in the blockchain and crypto industry and its commitment to supporting innovative projects and companies.

Galaxy is a digital asset and blockchain leader helping institutions, startups, and qualified individuals shape a changing economy.

Galaxy

FirstMark

Bessemer Venture Partners is a venture capital firm that funds consumer, enterprise, and healthcare startups.

Bessemer Venture Partners

Sapphire Ventures

ICONIQ Growth

Norwest

Endeavor Catalyst

Rain

Balaji S. Srinivasan is the CTO of Coinbase and cofounder of Counsyl, Earn, Teleport, and Coin Center. He was previously CEO at Earn.com, which was recently sold to Coinbase. Prior to taking the CEO role at Earn.com, Dr. Srinivasan was a General Partner at Andreessen Horowitz. Prior to joining a16z, he was the cofounder and CTO of FoundersFund-backed Counsyl, where he won the Wall Street Journal Innovation Award for Medicine and was named to the MIT TR35. Dr. Srinivasan holds a BS, MS, and PhD in Electrical Engineering and an MS in Chemical Engineering from Stanford University. He also teaches the occasional class at Stanford, including an online MOOC in 2013 which reached 250,000+ students worldwide.

Balaji Srinivasan

Coinbase Ventures is the venture capital arm of Coinbase, one of the largest and most well-known cryptocurrency exchanges in the world. Coinbase Ventures is focused on investing in early-stage companies and projects in the blockchain and cryptocurrency space. It provides funding, resources, and support to startups and entrepreneurs working on innovative blockchain and crypto-related technologies and applications.

Coinbase Ventures

Alliance is the leading crypto accelerator and founder community.

Alliance

Samsung NEXT is the innovation arm of the Samsung Group, a global conglomerate. Samsung NEXT is known for its role in identifying, investing in, and developing cutting-edge technologies and startups. The primary focus of Samsung NEXT is to explore and invest in emerging technology trends that align with Samsung's broader business strategies.

Samsung NEXT

Hard Yaka makes early round investments in exchange space startups. Candidates are either verticals in particular categories of exchange markets or horizontals providing services across exchange sectors.

Hard Yaka

Canonical Crypto

BDMI

Latitude is a venture capital firm focused on being the first call and partner to founders scaling from 0 to 1.

Latitude

CompoSecure

Khosla Ventures

Uniswap

Mischief

Paul Veradittakit

Circle is a financial technology firm that utilizes stablecoins for payments and e-commerce.

Circle

Terraform Capital

Hong Kong

Mirana Ventures is a leading global investment fund that provides long-term capital and strategic partnerships to visionary founders and fund managers in the Web3 space.

Mirana Ventures

HELLO Labs

HelloTrade

a16z crypto is a venture capital fund that invests in crypto and web3 startups

a16z crypto CSX

We offer investors intelligently designed investment strategies that take advantage of targeted market opportunities.

VanEck

Solana Ventures' mission is to accelerate the growth of the Solana blockchain and adjacent ecosystems by providing capital to the most promising teams building in the crypto ecosystem.

Solana Ventures

Santiago Roel Santos is the Partner at ParaFi Capital

Santiago Roel Santos

Big Brain Holdings Invests in Seed, Pre-Seed and Early Stage Startups

Big Brain Holdings

Austin Federa

MonkeVentures

Kash Dhanda

Akshay BD

Matt Sorg

Pharsalus Capital

Arnold Lee

Latif Peracha

Raj Gokal

Anatoly is the creator of Solana. He led development of operating systems at Qualcomm, distributed systems at Mesosphere, and compression at Dropbox. He holds 2 patents for high performance Operating Systems protocols, was a core kernel developer for BREW which powered every CDMA flip phone (100m+ devices), and led development of tech that madeProject Tango (VR/AR) possible on Qualcomm phones.

Anatoly Yakovenko

Philippines

Stepan Simkin

Anagram Crypto

Andrew Kang is a cryptocurrency entrepreneur and investor. He is the Co-Founder of Mechanism Capital which invests in cryptocurrency through prop trading, mining, ventures, and secondary markets. Kang previously worked in portfolio management and venture capital at Digital Capital Management.

Andrew Kang

Nic Carter

Volt Capital is a venture capital firm that specializes in investing in early-stage startups in the cryptocurrency and blockchain space. Volt Capital is known for its focus on supporting innovative projects and teams within the cryptocurrency and blockchain ecosystem.

Volt Capital

HashKey Capital is a blockchain and cryptocurrency-focused venture capital and investment firm based in Hong Kong. They specialize in funding and supporting early-stage blockchain and cryptocurrency projects, startups, and companies.

HashKey Capital

United Kingdom

Moonrock Capital is a Blockchain Advisory and Investment Partnership based in London and Hamburg.

Moonrock Capital

ParaFi Capital is an alternative investment firm focused on blockchain and decentralized finance markets.

ParaFi Capital

Wintermute is a truly value adding investor dedicated to supporting the innovation in the blockchain ecosystem.

Wintermute

Early stage blockchain venture capital. A JV with Lightspeedvp

Faction

DCF GOD

Bryan Pellegrino is the co-founder and CEO of LayerZero Labs, a blockchain company developing LayerZero, an interoperability protocol that enables seamless communication between different blockchains. This protocol is especially significant in the DeFi space, as it allows data and tokens to move across networks like Ethereum, Binance Smart Chain, and Solana.

Bryan Pellegrino

Folius Ventures invests, popularizes, and participates in the construction of the Web3 ecosystem.

Folius Ventures

Mexico

Lvna Capital is an investment fund specialized in blockchain-based digital assets.

Lvna Capital

Bodhi Ventures is a crypto native fund – built by founders for founders.

Bodhi Ventures

Mike Dudas

Borderless Capital is a Blockchain VC firm and a modern financial institution investing capital and co-building financial products with our portfolio companies that accelerates access, bootstraps adoption, and creates value globally through the Algorand Borderless Economy.

Borderless Capital

Race Capital

Joshua Lim

Andrew Steinwold

Breed VC is an early stage crypto venture fund dedicated to helping the top founders build the decentralized future

Breed

Portal Ventures is a fundamentals driven early stage crypto investment firm.

Portal Ventures

Jason Yanowitz

Casey K. Caruso

Escape Velocity

Mike Ippolito

Namik Muduroglu

Guy Young

Alpen Capital (Prev. Comfy Capital)

Rebecca Rettig

Topology Ventures

Metalayer Ventures

Walter Kortschak

Jason Badeaux

Serge Kassardjian

Inversion Capital

Framework Ventures is a cutting-edge venture capital firm deeply immersed in the world of decentralized finance (DeFi) and blockchain technology. Founded by Michael Anderson and Vance Spencer, Framework Ventures stands out as a key player in the rapidly evolving landscape of digital assets and blockchain-based financial innovations.

Framework Ventures

The CMT Group has acted as a valued collaborator to numerous exchanges, clearing firms, and trading and investment teams, generating edge by pairing market insight with early adoption and innovation of nascent technologies.

CMT Digital

Arbitrum Foundation

Bullish is a digital asset exchange that provides deep liquidity.

Bullish

Flowdesk

Hermeneutic Investments

USD.AI

Malta

YZi Labs is an investment firm formerly known as Binance Labs that invests in all stages of development in the fields of Web3, artificial intelligence (AI), and biotechnology.

YZi Labs (prev Binance Labs)

Boxcars Ventures

MyPrize

Andreessen Horowitz, often referred to as "a16z," is a prominent venture capital firm based in Menlo Park, California. It was founded in 2009 by Marc Andreessen and Ben Horowitz, both of whom are well-known figures in the tech industry. Andreessen Horowitz is one of the leading venture capital firms in Silicon Valley and has gained a reputation for its investments in technology companies, particularly in the areas of software, internet, and more recently, blockchain and cryptocurrency.

Andreessen Horowitz (a16z)

Arrington Capital is a thesis-focused digital asset and Web3 investing firm. Since 2017, Arrington Capital has invested in over 200 early-stage companies in the crypto ecosystem. Arrington Capital's crypto-native team of seasoned entrepreneurs, founders, and executives is committed to doubling down on efforts to ensure our partners' success.

Arrington Capital

Mechanism Capital is an investment firm that invests in the cryptocurrency industry with a focus on decentralized finance or DeFi.

Mechanism Capital

Luca Netz

David Choi

Spencer Noon is a General Partner/ Investor at Variant. He attended Amherst College.

Spencer Noon

JST Capital is a financial services firm specializing in the digital asset market. The partners of JST have all spent over twenty years in traditional financial services. They entered the crypto markets as early as 2014, when they began to make markets for one of the early blockchain projects. Leveraging that experience, JST was launched in 2018 to provide a full suite of traditional financial services to institutions in the digital asset market.

JST Capital

2PunksCapital

Polychain Capital is a cryptocurrency-focused investment management firm and hedge fund. It was founded in 2016 by Olaf Carlson-Wee, who was the first employee at Coinbase and is known for being one of the earliest advocates of cryptocurrencies and blockchain technology. Polychain Capital is headquartered in San Francisco, California, and is considered one of the prominent players in the cryptocurrency investment space.

Polychain Capital

Pantera Capital is a blockchain and cryptocurrency-focused investment firm and hedge fund. It was founded in 2013 by Dan Morehead, who is a former Wall Street executive and chief financial officer (CFO) at Tiger Management. Pantera Capital is known for being one of the earliest institutional investors in the cryptocurrency space and has been actively involved in supporting the growth and development of blockchain technology and digital assets.

Pantera Capital

Blockchain.com Ventures is a venture fund anchored and supported by Blockchain.com & Lightspeed Venture Partners

Blockchain.com Ventures

Ribbit Capital is a venture capital firm that invests in early-stage companies.

Ribbit Capital

Haun Ventures

Ethena

StablecoinX

Brevan Howard Asset Management LLP is an investment manager authorised and regulated by the Financial Services Authority in the United

			Stage	Investors
Rain	$250.00 M	$1.95 B	Series C	+6	Finance	Jan 9, 2026
HELLO HELLO Labs	$4.60 M	~$46.00 M	Funding Round		Gaming	Nov 20, 2025
HelloTrade	$4.60 M	~$46.00 M	Seed Round		DeFi	Nov 20, 2025
ZAR	$12.90 M	~$129.00 M	Funding Round	+2	Finance	Oct 28, 2025
Inversion Capital	$26.50 M	~$265.00 M	Seed Round	+32	Infrastructure	Sep 8, 2025
USD.AI	$13.40 M	~$134.00 M	Series A	+5	DeFi	Aug 14, 2025
MyPrize	$21.00 M	$250.00 M	Strategic Round		Gambling	Jul 31, 2025
StablecoinX	$360.00 M	~$3.60 B	PIPE	+7	Finance	Jul 21, 2025
AUSD AUSD	$50.00 M	~$500.00 M	Series A		Stablecoin	Jul 10, 2025
Conduit	$36.00 M	~$360.00 M	Series A	+5	Blockchain Service	May 28, 2025
Perpl	$9.25 M	~$92.50 M	Funding Round	+5	DeFi	May 13, 2025
ZAR	$7.00 M	~$70.00 M	Funding Round	+22	Finance	Apr 30, 2025
Codex	$15.80 M	~$158.00 M	Seed Round	+3	Infrastructure	Apr 4, 2025
Hibachi	$5.00 M	~$50.00 M	Seed Round		DeFi	Mar 19, 2025
Level	$2.60 M	~$26.00 M	Strategic Round	+14	DeFi	Mar 18, 2025
Yeet	$7.75 M	~$77.50 M	Seed Round	+8	Gambling	Mar 18, 2025
SLING Slingshot	$16.00 M	~$160.00 M	Funding Round	+5	Gaming	Mar 17, 2025
August	$10.00 M	~$100.00 M	Series A	+1	DeFi	Mar 7, 2025
2Z DoubleZero	$28.00 M	$400.00 M	Private Token Sale	+6	Infrastructure	Mar 6, 2025
ENA Ethena	$100.00 M	~$1.00 B	Private Sale	+2	DeFi	Feb 24, 2025

Dragonfly Capital

About Dragonfly Capital

Investments Allocation

Fundraising Rounds