A few days ago, Godot (@GodotSancho) talked about the difficulties of building a public chain. Coincidentally, Monad has been live for just over a week now, so let's take a look at the data:

- There are nearly 50,000 tokens on the Monad chain, with 21,000 created in the first two days after launch, and about 1,100 added in the most recent day.

- Monad has four main DEXs: PancakeSwap, Uniswap, and two native DEXs, Kuru and Pinot.

- In the first three days after launch, daily DEX trading volume stayed above $60 million, but in the most recent day, it dropped to less than $15 million—a decline of over 70%.

- PancakeSwap and Uniswap together account for more than 98% of Monad DEX cumulative trading volume, while the two native DEXs contribute less than 2%. However, in terms of unique trading addresses, Pinot even surpasses PancakeSwap, with 62,000 addresses contributing 86,000 transactions and a total trading volume of $170,000—lots of wash trading happening.

- DEX trading volume is mainly concentrated in WMON and various stablecoins such as USDC, AUSD, etc. There was a meme coin called ANAGO that reached over $5 million in trading volume on Monad mainnet's first day, but it quickly fizzled out, with its price peaking on day one before tanking Mario-style.