Phantom will finish help for the Monad community on August 26, the pockets firm introduced on Friday’s X, shutting down the high-throughput EVM chain roughly 9 months after its mainnet launch in November 2025.
“We’ll quickly start notifying Monad customers throughout the app with hyperlinks to help articles that share choices for shifting or exchanging Monad-native property,” Phantom mentioned. Phantom is self-custodial, so Monad property stay accessible even after a shutdown. Customers can import their restoration phrase to a different pockets that helps Chain.
The 2 firms provided completely different deadlines. Monad’s personal publish on X, revealed about three hours earlier than Phantom, instructed customers that help for Phantom would finish on August twelfth, urged them emigrate to a different EVM pockets by that date, and supplied a listing of supported wallets within the documentation. On the time of reporting, neither group had formally adjusted their schedules.
“Time will inform which technique is the proper one.”
Monad co-founder and CEO Keone Hon mentioned Phantom instructed his group that it could be eradicating Monad together with one other community to “focus extra on our core enterprise.”
“We wish monads to be in all places, so this can be a step backwards at a time after we are taking many steps ahead to attach monads (and cryptocurrencies extra usually) to each a part of the monetary financial system,” Hong wrote in X on Saturday. He famous that in contrast to most EVM wallets, Phantom doesn’t enable customers so as to add networks themselves, and mentioned, “Time will inform which technique is correct for EVM.”
Hon advisable MetaMask, Backpack, Rabby, Rainbow, Infinex, and Ambire to customers. MetaMask acted rapidly, posting on Pockets on Friday: “If you happen to use @monad, please use it with MetaMask. We’ll cowl your fuel charges.” MetaMask is constructing on Monad in June, launching Monad accounts (yield-earning accounts with linked playing cards) solely on-chain.
Phantom turns to Robin Hood Chain
The timing is indicative of Phantom’s priorities. The day earlier than Monado’s announcement, Pockets introduced that Robinhood Chain is now stay throughout the app, including the Arbitrum Orbit-based community that Robinhood makes use of to push tokenized shares and real-world property on-chain.
Monad launched its mainnet on November 24, 2025 after elevating $244 million from buyers together with Paradigm and Dragonfly.
$MON floating close to the low worth
$MON It’s buying and selling at $0.0205, down 1.3% up to now 24 hours and 9.3% this week, based on CoinGecko. The token has fallen 58% from its all-time excessive of $0.0488 on November 26, 2025, set two days after mainnet went stay, and briefly fell beneath its ICO worth earlier this 12 months. Its market capitalization is $242 million, in comparison with a completely diluted valuation of $2.06 billion.
On-chain exercise is extra secure, with Monad holding $784.5 million in DeFi TVL, a rise of 5.3% over the previous day, and stablecoins holding $561.6 million and roughly 23,000 every day lively addresses, based on DefiLlama.
