Keep an eye on this altcoin on October 6: they announced it today, and the price reacted immediately. While privacy-focused tokens continue to gain popularity in the cryptocurrency market, a new announcement has come from an altcoin. 01.10.2026 - 17:56 Update: 3 hours ago 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. Follow its Telegram and Twitter account now for exclusive news, analytics and on-chain data!

Introducing mera, a new library for seamless crypto onboarding with passkeys. Monad Foundation Studies show that 1-second delay can kill 10% of user conversions. Getting a new user to download a browser extension and back up private keys is a minutes-long detour. Even logging into an app with an existing wallet requires multiple clicks. In short, current onboarding flows have significant leaks. Most potential users will never actually try your app because it simply takes too long to get started. Today, Category Labs is releasing mera, a free library that solves this problem by letting any app onboard users in seconds with a passkey. Crypto apps are now accessible with Face ID or a fingerprint, the same authentication people already use to unlock their phone. Modern login experiences are finally a reality for crypto apps. Check out the full docs and demo here or check out the source code here. Why it matters. * Onboarding that converts. The account is created and ready in seconds, on the very first visit. * Developers retain control of the experience. Most "easy onboarding" tools mean handing your entire account layer to a wallet provider. mera doesn't. Account creation, funding, and signing all stay inside the product and live within the app's UX. The library simply handles the passkey-to-key plumbing. * One account, everywhere. The passkey unlocks the same account across web and native iOS/Android. Users don't start over when they switch devices. * No prompt fatigue. With signing sessions, your app can pre-authorize actions so users aren't hit with a biometric prompt on every click. * Any chain, any platform. mera is a client-side library, so there's nothing to deploy on-chain and nothing chain-specific to integrate. Who this is for. mera shines wherever the account is part of the product. Order-book trading is a clear example: a trader onboards, funds an account, and returns to manage orders and positions without re-connecting a wallet or approving every action. But the same is true for any app that accumulates state on behalf of a user over time. Try it. The demo on mera.category.xyz walks through the full experience end to end. To build with it: Category Labs is actively looking for teams to try mera and provide feedback. If onboarding friction is costing you users, or you're an early-stage team still deciding how to handle accounts, your feedback is appreciated.