Monad, one of the notable Layer-1 projects in the cryptocurrency market, released a short teaser video regarding its upcoming privacy-focused move, while its native token, MON, experienced a strong surge.
A video shared on Monad’s official X account stated, “Privacy is coming.” The promotional video also included the message, “An open network doesn’t require open books,” and hinted at details for October 6, 2026. Monad is expected to unveil its new work on privacy at its first “Open” summit in Singapore on that date.
According to the latest information released regarding the Monad ecosystem, Category Labs, the developer of the blockchain infrastructure, will introduce a new privacy technology for Monad at the Open event. This infrastructure is said to focus on enabling organizations to keep sensitive financial activities private while leveraging the liquidity and interoperability features of public blockchain networks. However, comprehensive technical details on exactly how the technology will work, which transactions users can hide, and when the system will be available have not yet been shared.
The Open Summit, to be held in Singapore on October 6th, will be organized by the Monad Foundation. The event aims to bring together developers, investors, institutions, and ecosystem projects, and is expected to be a significant event showcasing Monad’s vision for open finance and the introduction of new technologies on the network.
Following the privacy announcement, MON’s price also saw significant movement. Current market data shows that MON rose approximately 18% in the last 24 hours, reaching the $0.032 region. According to data provided by MetaMask, as of October 1st, MON was trading at approximately $0.0322, with a daily increase of 18.7%. The token’s increase over the past week has exceeded 30%.
CoinGecko’s historical data also shows that Monad’s market capitalization increased from approximately $317.5 million on September 30th to approximately $375.6 million on October 1st. Trading volume also saw a significant increase during the same period.
*This is not investment advice.
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