PANews reported on November 24th that, according to a Huobi HTX announcement, Huobi HTX will open MONAD deposit services at 18:00 (GMT+8) on November 24th. MONAD/USDT spot trading will open at 23:00 (GMT+8) on November 24th. MONAD withdrawal services will open at 23:00 (GMT+8) on November 25th.

Monad is reportedly a high-performance Layer 1 blockchain designed to address the scalability limitations of existing networks while maintaining full compatibility with the EVM. This means developers can deploy their existing Ethereum smart contracts to Monad without modification.