Within the first 24 hours of its listing on Solana, Monad ($MON) has generated significant traction, becoming the most traded token outside of SOL. Initial reports showed approximately $69 million in volume, surpassing spot DEX activity on Hyperliquid. The momentum has continued to surge, with trading volume reportedly hitting $87 million, surpassing volume on Monad's own chain and major centralized exchanges. Separately in the Solana ecosystem, the Bitwise SOL ETF recorded $39.5 million in inflows, marking the largest influx since its inception. However, discussion remains focused on the dominance of Solana liquidity for $MON trading, with users questioning the utility of Monad's "golden tickets" as the majority of activity shifts to Solana. [Update 1] New data highlights the specifics of the launch mechanics: the token was bridged to Solana via Wormhole, attracting over 7,000 holders on its first day. Approximately 183 million tokens were bridged, establishing an initial on-chain market capitalization of around $6.5 million. Traders cite the Wormhole bridge as a key factor in lowering entry barriers and driving demand.