# Monad (MON): fees, revenue multiple and fair price

Source: Chainfees, https://chainfees.fyi/chain/monad/ · data through 2026-11-09 · rebuilt hourly.

Monad is the #10 most undervalued chain of 59. It earns $4.71M a year in network fees at a $1.68B FDV: a revenue multiple of 356×, 7.3× cheaper than the median chain. At the median multiple, MON would be worth $0.122, +633% from $0.01664 today.

For comparison, Monad is 3.6× cheaper than Ethereum (1,268×) and 51× cheaper than Bitcoin (18,076×).

On Monad today, sending MON costs about $0.000036.

| Metric | Value |
|---|---|
| Undervalued rank | #10 of 59 |
| Type | L1 |
| Token | MON |
| Price | $0.01664 |
| FDV | $1.68B |
| Market cap | $197M |
| Yearly fees (90d, annualized) | $4.71M |
| Revenue multiple (FDV/Fees) | 356× |
| Fair price (median revenue multiple) | $0.122 (+633%) |
| Transfer fee | $0.000036 |
| Average transaction fee | — |

## FAQ

### Is Monad undervalued?

By its fees, yes. Monad trades at a revenue multiple of 356×, 7.3× below the median chain, and ranks #10 of 59 most undervalued.

### How much does Monad earn in fees?

$4.71M a year, annualized from the last 90 days of network fees (DefiLlama).

### How much does a Monad transfer cost?

About $0.000036 to send MON right now, read live from the network every hour.

### What would MON be worth at a fair revenue multiple?

$0.122, +633% from $0.01664 today. That's the price at the median revenue multiple of all ranked chains.

Definitions: https://chainfees.fyi/learn/ · Methodology: https://chainfees.fyi/methodology/ · Full ranking: https://chainfees.fyi/llms-full.txt