What Wrapped Monad represents
Wrapped Monad (WMON) is a wrapped asset, currently ranked 259th by market capitalization among the assets we track. Wrapped Monad is not a standalone asset so much as a portable wrapper. It exists to let value from one chain circulate on another, and its price tracks the underlying almost exactly — by design.
Wrapped Monad (WMON) is a token that represents a wrapped version of the Monad cryptocurrency, allowing for increased interoperability and utility within decentralized finance ecosystems. It enables users to utilize Monad's value across multiple platforms without compromising security or integrity.
How the peg to the underlying holds
Minting and burning keep Wrapped Monad aligned with what it wraps. The mechanism is simple; the trust assumption — that the custodian actually holds the reserves — is the part to scrutinize.
Background & fundamentals
Wrapped Monad is a comparatively young project, with an on-chain history dating to 2025. In sector terms it is most often filed under Monad Ecosystem and Wrapped Token.
Where Wrapped Monad sits in the market
With WMON near $0.0209, Wrapped Monad carries a market capitalization of $2.06M. Around $12.47M changes hands across exchanges in a typical 24-hour window. That is a turnover of about 604.94% of the float — unusually high, the kind of churn that accompanies major news or speculative spikes.
Wrapped Monad carries no fixed maximum supply; issuance follows a programmatic schedule rather than a hard cap. The token is roughly -57% under its record of $0.0487 — a meaningful but not catastrophic drawdown.
What the price history shows
Across timeframes, WMON shows 24-hour -1.11%, 7-day -11.09%.
Volatility profile
Recent action puts Wrapped Monad in the Moderate-volatility band — it shows the kind of price movement common in mid-cap crypto assets — meaningful but not unusual.
How to evaluate a wrapped asset like Wrapped Monad
For an asset of this type, three lenses matter most:
- Custody model — who holds the underlying behind WMON and whether reserves are provably 1:1.
- Redeemability — how reliably WMON can be converted back to the asset it represents.
- Underlying exposure — remember that holding WMON is really holding the underlying — analyze that asset directly.
This page pulls live market data, on-chain stats where available, exchange-by-exchange volume, and our forecast model into one view so you can work through those questions in a single place. None of it is investment advice — it is a structured starting point for your own research.