●• Commentary highlights shifting power dynamics in listing negotiations
Prominent market commentators have reported that Monad allegedly refused a demand from Binance for 10% of its token supply, which would be valued at approximately $300-500 million at current valuations.
Observers noted that liquidity on the decentralized exchange Hyperliquid was significantly deeper than that of Tier 1 centralized exchanges for the asset, suggesting a shift in where volume is being aggregated.
The reports highlight the changing power dynamics between high-profile blockchain projects and major centralized exchanges regarding listing terms.