Enso provides day-one integration for Monad's mainnet, enabling instant DeFi functionality and setting a new standard for blockchain launches.Enso provides day-one integration for Monad's mainnet, enabling instant DeFi functionality and setting a new standard for blockchain launches.

Why Monad Chose Enso to Power Its $2.5 Billion Mainnet Launch

2025/11/25 03:37

Typically, months of waiting while developers scramble to build integrations manually. This gap between launch and utility has plagued nearly every major blockchain debut, but Monad's approach signals a different strategy.

\ The Layer-1 blockchain, which went live on November 24, launched with complete DeFi functionality already operational. This was made possible through Enso's day-one integration, which eliminates the traditional development bottleneck that has limited previous blockchain ecosystems.

\

The Integration Gap That Slows Every Blockchain

Blockchain development follows a predictable pattern: launch the network, wait for developers to build applications, hope users eventually arrive. The problem is in the middle stage. According to research on blockchain developer activity, developers face technical barriers between different blockchain networks and protocols, requiring manual integration and maintenance work that can consume six months or more of development time.

\ Ecosystems with more than 5,000 monthly active developers show more application launches CoinLaw, but reaching that threshold takes time. Base onboarded over 1,600 developers within its first year, which is considered strong performance. Most networks take considerably longer to establish a developer base capable of building functional applications.

\ The result is a familiar chicken-and-egg scenario. Users avoid blockchains without applications. Developers avoid blockchains without users. Liquidity fragments across competing networks. The network effect that should accelerate growth instead becomes a barrier to entry.

\ Monad's integration with Enso addresses this by providing developers access to pre-built protocol interactions from the start. Rather than spending months learning smart contract specifications and building custom integrations, developers can deploy applications that interact with swaps, bridges, lending markets, and other DeFi primitives immediately.

\

What Blockchain Shortcuts Actually Mean for Developers

Enso operates as a shared engine that standardizes blockchain interactions across protocols. The platform has mapped interactions across more than 160 protocols on multiple chains, creating reusable building blocks that developers can access through a single API.

\ Think of it this way: building a DeFi application typically requires understanding how each protocol handles deposits, withdrawals, swaps, and other core functions. Aave handles lending differently than Compound. Uniswap routes trades differently than Curve. Each requires separate integration work, separate audits, and separate maintenance.

\ Enso abstracts these differences by creating standardized shortcuts. A developer can call a "lend" function without needing to know whether it's executing on Aave, Compound, or another protocol. The Enso engine handles routing, optimization, and execution.

\ For Monad builders, this means immediate access to functionality that would otherwise require extensive development time. Milos Costantini, Enso Co-Founder, said, "Supporting Monad from day one reflects exactly what Enso was built for: giving builders immediate access to the liquidity and tooling they need to ship valuable products. With Enso plugged into Monad at launch, teams can start creating sophisticated DeFi flows instantly, from swaps and lending to cross-chain markets."

\ The technical implementation combines actions that abstract isolated smart contract transactions into simple components. These actions can be combined into shortcuts that create reusable workflows. Instead of manually integrating every protocol, developers define their intended outcome and let Enso's network coordinate the solution.

\

Why Launch Liquidity Determines Network Success

Research indicates that launch liquidity correlates closely with blockchain network success. High liquidity signals credibility to investors, reduces price manipulation risk, and provides confidence that users can enter and exit positions efficiently. Low liquidity creates volatility, limits trading activity, and discourages participation.

\ Monad raised $225 million in a Series A funding round led by Paradigm, with total funding exceeding $240 million. The network targets 10,000 transactions per second with 800-millisecond finality through parallel execution and optimized architecture.

\ Yet technical capabilities alone don't guarantee adoption. Users need applications that let them actually use the blockchain. Enso's integration ensures Monad users can deploy assets immediately across trading, lending, and yield strategies rather than waiting for ecosystem development.

\ The MON token launched simultaneously with the mainnet, trading around $0.026 shortly after debut and reaching a fully diluted valuation near $2.5 billion. The token became available through Coinbase's fundraising platform after raising $269 million from approximately 85,800 participants, making it one of the more substantial blockchain launches of 2024.

\ Enso's role extends beyond launch support. The platform has enabled $17 billion in onchain settlements across its network, working with projects including Berachain, Uniswap, LayerZero, and Sushiswap. This track record provides Monad developers access to tested infrastructure rather than experimental tooling.

\

The Development Time Problem That Enso Solves

Traditional blockchain development requires building everything from scratch. A team creating a liquidity aggregator needs to integrate with every decentralized exchange they want to access. Each integration requires understanding that exchange's specific smart contracts, building custom routing logic, conducting security audits, and maintaining the code as protocols update.

\ Teams typically spend $500,000 and six months or more just on integration work The CoinList Blog before they can launch a product. This explains why approximately 4,800 applications exist across all blockchains compared to millions in traditional app stores.

\ Enso reduces this timeline dramatically. Developers using the platform can access DeFi functionality within days rather than months. The shortcuts handle protocol-specific details, security considerations, and optimization automatically. This allows teams to focus on user experience, product features, and go-to-market strategy rather than infrastructure.

\ For Monad, this means the network can launch with a functional ecosystem rather than promising future development. Developers can build applications that work with lending protocols, decentralized exchanges, bridging solutions, and liquidity pools without individual integration work.

\ The architecture uses a network of participants who contribute to the system. Action Providers publish smart contract abstractions. Graphers plot efficient paths for executing actions. Validators ensure solution accuracy and network security. This decentralized approach creates a self-improving system where the quality and breadth of available shortcuts expands over time.

\

What This Means for the Monad Ecosystem

Monad allocated tokens to approximately 225,000 verified onchain users The Block through an airdrop designed to reward active participants in the DeFi ecosystem. Recipients included users of protocols ranging from Aave to Pump.fun, high-volume DEX traders, and holders of notable NFT collections.

\ These users can immediately deploy their MON tokens across DeFi applications because Enso's integration provides the necessary infrastructure. Rather than waiting for developers to build out the ecosystem, users can access trading, lending, and liquidity provision from day one.

\ This creates a different adoption curve than typical blockchain launches. Early users have functionality immediately available. Developers can build sophisticated applications quickly. Liquidity can flow into productive uses rather than sitting idle. The network effect that usually takes months to establish can begin on launch day.

\ The integration also establishes a template for future blockchain launches. Rather than accepting weeks or months of limited functionality while developers build integrations, networks can partner with infrastructure providers like Enso to ensure comprehensive tooling from the start.

\

Final Thoughts

Blockchain launches typically suffer from a timing problem: networks go live with impressive specifications but limited utility. Users find few applications. Developers see little reason to build without users. The ecosystem remains dormant until enough parties simultaneously decide to participate.

\ Enso's Monad integration addresses this by ensuring functionality precedes the launch. Developers can build immediately. Users can deploy assets from day one rather than waiting for infrastructure to catch up. Whether this approach sets a new standard depends on execution. Monad must deliver on its technical promises, and applications built using Enso's shortcuts must provide sustained value beyond launch-day speculation.

\ But the integration demonstrates that the traditional blockchain launch bottleneck has a solution. Networks that partner with infrastructure providers can compress months of waiting into immediate functionality, giving developers faster time to market and users immediate utility from new networks.

\ Don’t forget to like and share the story!

\

Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact service@support.mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.

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Wang Yongli, former vice president of the Bank of China: Why did China resolutely halt stablecoins?

Wang Yongli, former vice president of the Bank of China: Why did China resolutely halt stablecoins?

Written by: Wang Yongli , former Vice President of Bank of China China's policy orientation of accelerating the development of the digital yuan and resolutely curbing virtual currencies, including stablecoins, is now fully clear. This is based on a comprehensive consideration of factors such as China's leading global advantages in mobile payments and the digital yuan, the sovereignty and security of the yuan, and the stability of the monetary and financial system. Since May 2025, the United States and Hong Kong have been racing to advance stablecoin legislation, which has led to a surge in global legislation on stablecoins and crypto assets (also known as "cryptocurrencies" or "virtual currencies"). A large number of institutions and capital are flocking to issue stablecoins and invest in crypto assets, which has also sparked heated debate on whether China should fully promote stablecoin legislation and the development of RMB stablecoins (including offshore ones). Furthermore, after the United States legislated to prohibit the Federal Reserve from issuing digital dollars, whether China should continue to promote digital RMB has also become a hot topic of debate. For China, this involves the direction and path of national currency development. With the global spread of stablecoins and the increasingly acute and complex international relations and fiercer international currency competition, this has a huge and far-reaching impact on how the RMB innovates and develops, safeguards national security, and achieves the strategic goals of a strong currency and a financial power. We must calmly analyze, accurately grasp, and make decisions early. We cannot be indifferent or hesitant, nor can we blindly follow the trend and make directional and subversive mistakes. Subsequently, the People's Bank of China announced that it would optimize the positioning of the digital yuan within the monetary hierarchy (adjusting the previously determined M0 positioning. This is a point I have repeatedly advocated from the beginning; see Wang Yongli's WeChat public account article "Digital Yuan Should Not Be Positioned as M0" dated January 6, 2021), further optimize the digital yuan management system (establishing an international digital yuan operations center in Shanghai, responsible for cross-border cooperation and use of the digital yuan; and establishing a digital yuan operations management center in Beijing, responsible for the construction, operation, and maintenance of the digital yuan system), and promote and accelerate the development of the digital yuan . On November 28, the People's Bank of China and 13 other departments jointly convened a meeting of the coordination mechanism for combating virtual currency trading and speculation. The meeting pointed out that due to various factors, virtual currency speculation has recently resurfaced, and related illegal and criminal activities have occurred frequently, posing new challenges to risk prevention and control. It emphasized that all units should deepen coordination and cooperation, continue to adhere to the prohibitive policy on virtual currencies, and persistently crack down on illegal financial activities related to virtual currencies. It clarified that stablecoins are a form of virtual currency , and their issuance and trading activities are also illegal and subject to crackdown. This has greatly disappointed those who believed that China would promote the development of RMB stablecoins and correspondingly relax the ban on virtual currency (crypto asset) trading. Therefore, China's policy orientation of accelerating the development of the digital yuan and resolutely curbing virtual currencies, including stablecoins, is now fully clear . Of course, this policy orientation remains highly debated both domestically and internationally, and there is no consensus among the public. So, how should we view this major policy direction of China? This article will first answer why China resolutely halted stablecoins; how to accelerate the innovative development of the digital yuan will be discussed in another article . There is little room or opportunity for the development of non-USD stablecoins. Since Tether launched USDT, a stablecoin pegged to the US dollar, in 2014 , USD stablecoins have been operating for over a decade and have formed a complete international operating system. They have basically dominated the entire crypto asset trading market, accounting for over 99% of the global fiat stablecoin market capitalization and trading volume . This situation arises from two main factors. First, the US dollar is the most liquid and has the most comprehensive supporting system of international central currencies, making stablecoins pegged to the dollar the easiest to accept globally. Second, it is also a result of the US's long-standing tolerant policy towards crypto assets like Bitcoin and dollar-denominated stablecoins, rather than leading the international community to strengthen necessary regulation and safeguard the fundamental interests of all humanity. Even this year, when the US pushed for legislation on stablecoins and crypto assets, it was largely driven by the belief that dollar-denominated stablecoins would increase global demand for the dollar and dollar-denominated assets such as US Treasury bonds, reduce the financing costs for the US government and society, and strengthen the dollar's international dominance. This was a choice made to enhance US support for dollar-denominated stablecoins and control their potential impact on the US, prioritizing the maximization of national interests while giving little consideration to mitigating the international risks of stablecoins. With the US strongly promoting dollar-denominated stablecoins, other countries or regions launching non-dollar fiat currency stablecoins will find it difficult to compete with dollar-denominated stablecoins on an international level, except perhaps within their own sovereign territory or on the issuing institution's own e-commerce platform. Their development potential and practical significance are limited . Lacking a strong ecosystem and application scenarios, and lacking distinct characteristics compared to dollar-denominated stablecoins, as well as the advantage of attracting traders and transaction volume, the return on investment for issuing non-dollar fiat currency stablecoins is unlikely to meet expectations, and they will struggle to survive in an environment of increasingly stringent legislation and regulation in various countries. The legislation on stablecoins in the United States still faces many problems and challenges. Following President Trump's second election victory, his strong advocacy for crypto assets such as Bitcoin fueled a new international frenzy in cryptocurrency trading, driving the rapid development of dollar-denominated stablecoin trading and a surge in stablecoin market capitalization. This not only increased demand for the US dollar and US Treasury bonds, strengthening the dollar's international status, but also brought huge profits to the Trump family and their cryptocurrency associates. However, this also posed new challenges to the global monitoring of the dollar's circulation and the stability of the traditional US financial system. Furthermore, the trading and transfer of crypto assets backed by dollar-denominated stablecoins has become a new and more difficult-to-prevent tool for the US to harvest global wealth, posing a serious threat to the monetary sovereignty and wealth security of other countries . This is why the United States has accelerated legislation on stablecoins, but its legislation is more about prioritizing America and maximizing American and even group interests, at the expense of the interests of other countries and the common interests of the world. After the legislation on US dollar stablecoins came into effect, institutions that have not obtained approval and operating licenses from US regulators will find it difficult to issue and operate US dollar stablecoins in the United States (for this reason, Tether has announced that it will apply for US-issued USDT). Stablecoin issuers subject to US regulation must meet regulatory requirements such as Know Your Customer (KYC), Anti-Money Laundering (AML), and Counter-Terrorist Financing (FTC). They must be able to screen customers against government watchlists and report suspicious activities to regulators. Their systems must have the ability to freeze or intercept specific stablecoins when ordered by law enforcement agencies. Stablecoin issuers must have reserves of no less than 100% US dollar assets (including currency assets, short-term Treasury bonds, and repurchase agreements backed by Treasury bonds) approved by regulators, and must keep US customer funds in US banks and not transfer them overseas. They are prohibited from paying interest or returns on stablecoins, and strict control must be exercised over-issuance and self-operation. Reserve assets must be held in custody by an independent institution approved by regulators and must be audited by an auditing firm at least monthly and an audit report must be issued. This will greatly enhance the value stability of stablecoins relative to the US dollar, strengthen their payment function and compliance, while weakening their investment attributes and illegal use; it will also significantly increase the regulatory costs of stablecoins, thereby reducing their potential for exorbitant profits in an unregulated environment. The US stablecoin legislation officially took effect on July 18, but it still faces numerous challenges : While it stipulates the scope of reserve assets for stablecoin issuance (bank deposits, short-term Treasury bonds, repurchase agreements backed by Treasury bonds, etc.), since it primarily includes Treasury bonds with fluctuating trading prices, even if reserve assets are sufficient at the time of issuance, a subsequent decline in Treasury bond prices could lead to insufficient reserves; if the reserve asset structures of different issuing institutions are not entirely consistent, and there is no central bank guarantee, it means that the issued dollar stablecoins will not be the same, creating arbitrage opportunities and posing challenges to relevant regulation and market stability; even if there is no over-issuance of stablecoins at the time of issuance, allowing decentralized finance (DeFi) to engage in stablecoin lending could still lead to stablecoin derivation and over-issuance, unless it is entirely a matchmaking between lenders and borrowers rather than proprietary trading; getting stablecoin issuers outside of financial institutions to meet regulatory requirements is not easy, and regulation also presents significant challenges. More importantly, the earliest and most fundamental requirement for stablecoins is the borderless, decentralized, 24/7 pricing and settlement of crypto assets on the blockchain. It is precisely because crypto assets like Bitcoin cannot fulfill the fundamental requirement of currency as a measure of value and a value token—that the total amount of currency must change in line with the total value of tradable wealth requiring monetary pricing and settlement—that their price relative to fiat currency fluctuates wildly (therefore, using crypto assets like Bitcoin as collateral or strategic reserves carries significant risks), making it difficult to become a true circulating currency. This has led to the development of fiat stablecoins pegged to fiat currencies. (Therefore, Bitcoin and similar crypto assets can only be considered crypto assets; calling them "cryptocurrency" or "virtual currency" is inaccurate; translating the English word "Token" as "币" or "币" is also inappropriate; it should be directly transliterated as "通证" and clearly defined as an asset, not currency.) The emergence and development of fiat-backed stablecoins have brought fiat currencies and more real-world assets (RWAs) onto the blockchain, strongly supporting on-chain cryptocurrency trading and development. They serve as a channel connecting the on-chain cryptocurrency world with the off-chain real-world, thereby strengthening the integration and influence of the cryptocurrency world on the real world. This will significantly enhance the scope, speed, scale, and volatility of global wealth financialization and financial transactions, accelerating the transfer and concentration of global wealth in a few countries or groups. In this context, failing to strengthen global joint regulation of stablecoins and cryptocurrency issuance and trading poses extremely high risks and dangers . Therefore, the surge in stablecoin and cryptocurrency development driven by the Trump administration in the United States has already revealed a huge bubble and potential risks, making it unsustainable. The international community must be highly vigilant about this! Stablecoin legislation could severely backfire on stablecoins. One unexpected outcome of stablecoin legislation is that the inclusion of fiat-backed stablecoins in legislative regulation will inevitably lead to legislative regulation of crypto asset transactions denominated and settled using fiat-backed stablecoins, including blockchain-generated assets such as Bitcoin and on-chain real-world assets (RWA). This will have a profound impact on stablecoins. 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Payment institutions such as banks can directly promote the on-chain operation of fiat currency deposits (deposit tokenization), completely replacing stablecoins as a new channel and hub connecting the crypto world and the real world . Similarly, existing stock, bond, money market fund, and ETF exchanges can promote the on-chain trading of these relatively standardized financial products through RWA (Real-Time Asset Exchange). Having adequately regulated financial institutions such as banks act as the main entities connecting the crypto world and the real world on the blockchain is more conducive to implementing current legislative requirements for stablecoins, upholding the principle of "equal regulation for the same business" for all institutions, and reducing the impact and risks of crypto asset development on the existing monetary and financial system. This trend has already emerged in the United States and is rapidly intensifying, proving difficult to stop . 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