Yeah, the monotron is monophonic. But you're ear is right on because it does sound like multiple synths - I'm actually augmenting the monotron a bit here using another device called the norns [1] with a script I wrote [2] which converts the initial drone note into a drone covering six different pitches at various volumes (sort of a super saw). After that augmented drone you'll hear an arpeggio which is pure monotron (plus its delay which adds a little polyphony as mentioned).
[1]: https://monome.org/docs/norns/
[2]: https://llllllll.co/t/barcode