Monad [MON] opened the day higher, posting a gain on the back of fresh on-chain developments. On-chain capital flows lift Monad to a fresh highMonad’s rally follows two on-chain metrics signaling capital moving into the market – fresh inflows into the ecosystem and a climbing stablecoin market capitalization. Rising stablecoin supply on-chain raises the odds of that capital rotating into altcoins and lifting MON higher on the chart. Netflow over the past day shows demand edging out supply, though the reading came in thin at $530,420. Until demand grows and reaches a high level, the rally is likely to stay weak, with further consolidation on the table.