diff --git a/packages/nc-gui/components/cell/ClampedText.vue b/packages/nc-gui/components/cell/ClampedText.vue
index 4fe2b84733..000e61b4da 100644
--- a/packages/nc-gui/components/cell/ClampedText.vue
+++ b/packages/nc-gui/components/cell/ClampedText.vue
@@ -7,7 +7,7 @@ const props = defineProps<{
 
 <template>
   <div v-if="!props.lines || props.lines === 1" class="text-ellipsis overflow-hidden">
-    <span :style="{ 'word-break': 'keep-all', 'white-space': 'nowrap' }">{{ props.value || '' }}</span>
+    <span :style="{ 'word-break': 'keep-all', 'white-space': 'nowrap' }">{{ props.value ?? '' }}</span>
   </div>
 
   <div
@@ -21,6 +21,6 @@ const props = defineProps<{
       'word-break': 'break-all',
     }"
   >
-    {{ props.value || '' }}
+    {{ props.value ?? '' }}
   </div>
 </template>
diff --git a/packages/nc-gui/components/monaco/Editor.vue b/packages/nc-gui/components/monaco/Editor.vue
index 151193c3fb..ca9d62444d 100644
--- a/packages/nc-gui/components/monaco/Editor.vue
+++ b/packages/nc-gui/components/monaco/Editor.vue
@@ -51,25 +51,6 @@ const vModel = computed<string>({
 
 const isValid = ref(true)
 
-/**
- * Adding monaco editor to Vite
- *
- * @ts-expect-error */
-self.MonacoEnvironment = window.MonacoEnvironment = {
-  async getWorker(_: any, label: string) {
-    switch (label) {
-      case 'json': {
-        const workerBlob = new Blob([JsonWorker], { type: 'text/javascript' })
-        return await initWorker(URL.createObjectURL(workerBlob))
-      }
-      default: {
-        const workerBlob = new Blob([EditorWorker], { type: 'text/javascript' })
-        return await initWorker(URL.createObjectURL(workerBlob))
-      }
-    }
-  },
-}
-
 const root = ref<HTMLDivElement>()
 
 let editor: MonacoEditor.IStandaloneCodeEditor
@@ -98,16 +79,23 @@ onMounted(async () => {
 
     editor = monacoEditor.create(root.value, {
       model,
+      contextmenu: false,
       theme: 'vs',
       foldingStrategy: 'indentation',
       selectOnLineNumbers: true,
+      language: props.lang,
       scrollbar: {
         verticalScrollbarSize: 1,
         horizontalScrollbarSize: 1,
       },
+      lineNumbers: 'off',
       tabSize: 2,
       automaticLayout: true,
       readOnly,
+      bracketPairColorization: {
+        enabled: true,
+        independentColorPoolPerBracketType: true,
+      },
       minimap: {
         enabled: !hideMinimap,
       },
@@ -163,3 +151,5 @@ watch(
 <template>
   <div ref="root"></div>
 </template>
+
+<style scoped lang="scss"></style>
diff --git a/packages/nc-gui/components/monaco/formula.ts b/packages/nc-gui/components/monaco/formula.ts
new file mode 100644
index 0000000000..f82cb7eae9
--- /dev/null
+++ b/packages/nc-gui/components/monaco/formula.ts
@@ -0,0 +1,106 @@
+import type { Thenable, editor, languages } from 'monaco-editor'
+
+import { formulas } from 'nocodb-sdk'
+
+const formulaKeyWords = Object.keys(formulas)
+
+const theme: editor.IStandaloneThemeData = {
+  base: 'vs',
+  inherit: true,
+  rules: [
+    { token: 'string', foreground: '#007b77', fontStyle: 'bold' },
+    { token: 'keyword', foreground: '#00921d', fontStyle: 'bold' },
+    { token: 'number', foreground: '#9c6200', fontStyle: 'bold' },
+    { token: 'operator', foreground: '#000000' },
+    { token: 'identifier', foreground: '#8541f9', fontStyle: 'bold' },
+    { token: 'delimiter.parenthesis', foreground: '#333333', fontStyle: 'bold' },
+    { token: 'delimiter.brace', foreground: '#8541f9', fontStyle: 'bold' },
+    { token: 'invalid', foreground: '#000000' },
+  ],
+
+  colors: {
+    'editor.foreground': '#000000',
+    'editor.background': '#FFFFFF',
+    'editorCursor.foreground': '#3366FF',
+    'editor.selectionBackground': '#3366FF50',
+    'focusBorder': '#ffffff',
+  },
+}
+
+const generateLanguageDefinition = (identifiers: string[]) => {
+  identifiers = identifiers.map((identifier) => `{${identifier}}`)
+
+  const languageDefinition: languages.IMonarchLanguage | Thenable<languages.IMonarchLanguage> = {
+    defaultToken: 'invalid',
+    keywords: formulaKeyWords,
+    identifiers,
+    brackets: [
+      { open: '(', close: ')', token: 'delimiter.parenthesis' },
+      { open: '{', close: '}', token: 'delimiter.brace' },
+    ],
+    tokenizer: {
+      root: [
+        [/"/, { token: 'string.quote', bracket: '@open', next: '@dblString' }],
+        [/'/, { token: 'string.quote', bracket: '@open', next: '@sglString' }],
+        [
+          new RegExp(`\\{(${identifiers.join('|').replace(/[{}]/g, '')})\\}`),
+          {
+            cases: {
+              '@identifiers': 'identifier',
+              '@default': 'invalid',
+            },
+          },
+        ],
+        [
+          /[a-zA-Z_]\w*/,
+          {
+            cases: {
+              '@keywords': 'keyword',
+              '@default': 'invalid',
+            },
+          },
+        ],
+        [/\d+/, 'number'],
+        [/[-+/*=<>!]+/, 'operator'],
+        [/[{}()\[\]]/, '@brackets'],
+        [/[ \t\r\n]+/, 'white'],
+      ],
+
+      dblString: [
+        [/[^\\"]+/, 'string'],
+        [/\\./, 'string.escape'],
+        [/"/, { token: 'string.quote', bracket: '@close', next: '@pop' }],
+      ],
+
+      sglString: [
+        [/[^\\']+/, 'string'],
+        [/\\./, 'string.escape'],
+        [/'/, { token: 'string.quote', bracket: '@close', next: '@pop' }],
+      ],
+    },
+  }
+
+  return languageDefinition
+}
+
+const languageConfiguration: languages.LanguageConfiguration = {
+  brackets: [
+    ['{', '}'],
+    ['[', ']'],
+    ['(', ')'],
+  ],
+  autoClosingPairs: [
+    { open: '{', close: '}' },
+    { open: '[', close: ']' },
+    { open: '(', close: ')' },
+    { open: '"', close: '"' },
+    { open: "'", close: "'" },
+  ],
+}
+
+export default {
+  name: 'formula',
+  theme,
+  generateLanguageDefinition,
+  languageConfiguration,
+}
diff --git a/packages/nc-gui/components/smartsheet/column/EditOrAdd.vue b/packages/nc-gui/components/smartsheet/column/EditOrAdd.vue
index 21155fd778..254644e3d7 100644
--- a/packages/nc-gui/components/smartsheet/column/EditOrAdd.vue
+++ b/packages/nc-gui/components/smartsheet/column/EditOrAdd.vue
@@ -356,12 +356,11 @@ const isFullUpdateAllowed = computed(() => {
 <template>
   <div
     v-if="!warningVisible"
-    class="overflow-auto max-h-[max(80vh,500px)]"
+    class="overflow-auto nc-scrollbar-md max-h-[max(80vh,500px)]"
     :class="{
       'bg-white': !props.fromTableExplorer,
       'w-[384px]': !props.embedMode,
       'min-w-[500px]': formState.uidt === UITypes.LinkToAnotherRecord || formState.uidt === UITypes.Links,
-      'overflow-visible': formState.uidt === UITypes.Formula,
       '!w-[600px]': formState.uidt === UITypes.LinkToAnotherRecord || formState.uidt === UITypes.Links,
       'min-w-[422px] !w-full': isLinksOrLTAR(formState.uidt),
       'shadow-lg shadow-gray-300 border-1 border-gray-200 rounded-xl p-5': !embedMode,
diff --git a/packages/nc-gui/components/smartsheet/column/FormulaOptions.vue b/packages/nc-gui/components/smartsheet/column/FormulaOptions.vue
index 6449a76d91..402e97eaff 100644
--- a/packages/nc-gui/components/smartsheet/column/FormulaOptions.vue
+++ b/packages/nc-gui/components/smartsheet/column/FormulaOptions.vue
@@ -2,6 +2,9 @@
 import type { Ref } from 'vue'
 import type { ListItem as AntListItem } from 'ant-design-vue'
 import jsep from 'jsep'
+import type { editor as MonacoEditor } from 'monaco-editor'
+import { KeyCode, Position, Range, languages, editor as monacoEditor } from 'monaco-editor'
+
 import {
   FormulaDataTypes,
   FormulaError,
@@ -14,18 +17,18 @@ import {
   validateFormulaAndExtractTreeWithType,
 } from 'nocodb-sdk'
 import type { ColumnType, FormulaType } from 'nocodb-sdk'
+import formulaLanguage from '../../monaco/formula'
 
 const props = defineProps<{
   value: any
 }>()
-
 const emit = defineEmits(['update:value'])
 
 const uiTypesNotSupportedInFormulas = [UITypes.QrCode, UITypes.Barcode]
 
 const vModel = useVModel(props, 'value', emit)
 
-const { setAdditionalValidations, validateInfos, sqlUi, column, fromTableExplorer } = useColumnCreateStoreOrThrow()
+const { setAdditionalValidations, sqlUi, column, validateInfos, fromTableExplorer } = useColumnCreateStoreOrThrow()
 
 const { t } = useI18n()
 
@@ -53,6 +56,9 @@ const { getMeta } = useMetas()
 
 const suggestionPreviewed = ref<Record<any, string> | undefined>()
 
+// If -1 Show Fields first, if 1 show Formulas first
+const priority = ref(0)
+
 const showFunctionList = ref<boolean>(true)
 
 const validators = {
@@ -89,8 +95,6 @@ const availableBinOps = ['+', '-', '*', '/', '>', '<', '==', '<=', '>=', '!=', '
 
 const autocomplete = ref(false)
 
-const formulaRef = ref()
-
 const variableListRef = ref<(typeof AntListItem)[]>([])
 
 const sugOptionsRef = ref<(typeof AntListItem)[]>([])
@@ -169,31 +173,276 @@ const variableList = computed(() => {
   return suggestion.value.filter((s) => s && s.type === 'column')
 })
 
-function isCurlyBracketBalanced() {
-  // count number of opening curly brackets and closing curly brackets
-  const cntCurlyBrackets = (formulaRef.value.$el.value.match(/\{|}/g) || []).reduce(
-    (acc: Record<number, number>, cur: number) => {
-      acc[cur] = (acc[cur] || 0) + 1
-      return acc
+const monacoRoot = ref<HTMLDivElement>()
+let editor: MonacoEditor.IStandaloneCodeEditor
+
+function getCurrentKeyword() {
+  const model = editor.getModel()
+  const position = editor.getPosition()
+  if (!model || !position) {
+    return null
+  }
+
+  const word = model.getWordAtPosition(position)
+
+  return word?.word
+}
+
+const handleInputDeb = useDebounceFn(function () {
+  handleInput()
+}, 250)
+
+onMounted(async () => {
+  if (monacoRoot.value) {
+    const model = monacoEditor.createModel(vModel.value.formula_raw, 'formula')
+
+    languages.register({
+      id: formulaLanguage.name,
+    })
+
+    monacoEditor.defineTheme(formulaLanguage.name, formulaLanguage.theme)
+
+    languages.setMonarchTokensProvider(
+      formulaLanguage.name,
+      formulaLanguage.generateLanguageDefinition(supportedColumns.value.map((c) => c.title!)),
+    )
+
+    languages.setLanguageConfiguration(formulaLanguage.name, formulaLanguage.languageConfiguration)
+
+    monacoEditor.addKeybindingRules([
+      {
+        keybinding: KeyCode.DownArrow,
+        when: 'editorTextFocus',
+      },
+      {
+        keybinding: KeyCode.UpArrow,
+        when: 'editorTextFocus',
+      },
+    ])
+
+    editor = monacoEditor.create(monacoRoot.value, {
+      model,
+      'contextmenu': false,
+      'theme': 'formula',
+      'selectOnLineNumbers': false,
+      'language': 'formula',
+      'roundedSelection': false,
+      'scrollBeyondLastLine': false,
+      'lineNumbers': 'off',
+      'glyphMargin': false,
+      'folding': false,
+      'wordWrap': 'on',
+      'wrappingStrategy': 'advanced',
+      // This seems to be a bug in the monoco.
+      // https://github.com/microsoft/monaco-editor/issues/4535#issuecomment-2234042290
+      'bracketPairColorization.enabled': false,
+      'padding': {
+        top: 8,
+        bottom: 8,
+      },
+      'lineDecorationsWidth': 8,
+      'lineNumbersMinChars': 0,
+      'renderLineHighlight': 'none',
+      'renderIndentGuides': false,
+      'scrollbar': {
+        horizontal: 'hidden',
+      },
+      'tabSize': 2,
+      'automaticLayout': false,
+      'overviewRulerLanes': 0,
+      'hideCursorInOverviewRuler': true,
+      'overviewRulerBorder': false,
+      'matchBrackets': 'never',
+      'minimap': {
+        enabled: false,
+      },
+    })
+
+    editor.layout({
+      width: 339,
+      height: 120,
+    })
+
+    editor.onDidChangeModelContent(async () => {
+      vModel.value.formula_raw = editor.getValue()
+      await handleInputDeb()
+    })
+
+    editor.onDidChangeCursorPosition(() => {
+      const position = editor.getPosition()
+      const model = editor.getModel()
+
+      if (!position || !model) return
+
+      const text = model.getValue()
+      const offset = model.getOffsetAt(position)
+
+      // IF cursor is inside string, don't show any suggestions
+      if (isCursorInsideString(text, offset)) {
+        autocomplete.value = false
+        suggestion.value = []
+      } else {
+        handleInput()
+      }
+
+      const findEnclosingFunction = (text: string, offset: number) => {
+        const formulaRegex = /\b(?<!['"])(\w+)\s*\(/g // Regular expression to match function names
+        const quoteRegex = /"/g // Regular expression to match quotes
+
+        const functionStack = [] // Stack to keep track of functions
+        let inQuote = false
+
+        let match
+        while ((match = formulaRegex.exec(text)) !== null) {
+          if (match.index > offset) break
+
+          if (!inQuote) {
+            const functionData = {
+              name: match[1],
+              start: match.index,
+              end: formulaRegex.lastIndex,
+            }
+
+            let parenBalance = 1
+            let childValueStart = -1
+            let childValueEnd = -1
+            for (let i = formulaRegex.lastIndex; i < text.length; i++) {
+              if (text[i] === '(') {
+                parenBalance++
+              } else if (text[i] === ')') {
+                parenBalance--
+                if (parenBalance === 0) {
+                  functionData.end = i + 1
+                  break
+                }
+              }
+
+              // Child value handling
+              if (childValueStart === -1 && ['(', ',', '{'].includes(text[i])) {
+                childValueStart = i
+              } else if (childValueStart !== -1 && ['(', ',', '{'].includes(text[i])) {
+                childValueStart = i
+              } else if (childValueStart !== -1 && ['}', ',', ')'].includes(text[i])) {
+                childValueEnd = i
+                childValueStart = -1
+              }
+
+              if (i >= offset) {
+                // If we've reached the offset and parentheses are still open, consider the current position as the end of the function
+                if (parenBalance > 0) {
+                  functionData.end = i + 1
+                  break
+                }
+
+                // Check for nested functions
+                const nestedFunction = findEnclosingFunction(
+                  text.substring(functionData.start + match[1].length + 1, i),
+                  offset - functionData.start - match[1].length - 1,
+                )
+                if (nestedFunction) {
+                  return nestedFunction
+                } else {
+                  functionStack.push(functionData)
+                  break
+                }
+              }
+            }
+
+            // If child value ended before offset, use child value end as function end
+            if (childValueEnd !== -1 && childValueEnd < offset) {
+              functionData.end = childValueEnd + 1
+            }
+
+            functionStack.push(functionData)
+          }
+
+          // Check for quotes
+          let quoteMatch
+          while ((quoteMatch = quoteRegex.exec(text)) !== null && quoteMatch.index < match.index) {
+            inQuote = !inQuote
+          }
+        }
+
+        const enclosingFunctions = functionStack.filter((func) => func.start <= offset && func.end >= offset)
+        return enclosingFunctions.length > 0 ? enclosingFunctions[enclosingFunctions.length - 1].name : null
+      }
+      const lastFunction = findEnclosingFunction(text, offset)
+
+      suggestionPreviewed.value =
+        (suggestionsList.value.find((s) => s.text === `${lastFunction}()`) as Record<any, string>) || undefined
+    })
+    editor.focus()
+  }
+})
+
+useResizeObserver(monacoRoot, (entries) => {
+  const entry = entries[0]
+  const { height } = entry.contentRect
+  editor.layout({
+    width: 339,
+    height,
+  })
+})
+
+function insertStringAtPosition(editor: MonacoEditor.IStandaloneCodeEditor, text: string, skipCursorMove = false) {
+  const position = editor.getPosition()
+
+  if (!position) {
+    return
+  }
+  const range = new Range(position.lineNumber, position.column, position.lineNumber, position.column)
+
+  editor.executeEdits('', [
+    {
+      range,
+      text,
+      forceMoveMarkers: true,
     },
-    {},
-  )
-  return (cntCurlyBrackets['{'] || 0) === (cntCurlyBrackets['}'] || 0)
+  ])
+
+  // Move the cursor to the end of the inserted text
+  if (!skipCursorMove) {
+    const newPosition = new Position(position.lineNumber, position.column + text.length - 1)
+    editor.setPosition(newPosition)
+  }
+
+  editor.focus()
 }
 
 function appendText(item: Record<string, any>) {
-  const text = item.text
   const len = wordToComplete.value?.length || 0
 
+  if (!item?.text) return
+  const text = item.text
+
+  const position = editor.getPosition()
+
+  if (!position) {
+    return // No cursor position available
+  }
+
+  const newColumn = Math.max(1, position.column - len)
+
+  const range = new Range(position.lineNumber, newColumn, position.lineNumber, position.column)
+
+  editor.executeEdits('', [
+    {
+      range,
+      text: '',
+      forceMoveMarkers: true,
+    },
+  ])
+
   if (item.type === 'function') {
-    vModel.value.formula_raw = insertAtCursor(formulaRef.value.$el, text, len, 1)
+    insertStringAtPosition(editor, text)
   } else if (item.type === 'column') {
-    vModel.value.formula_raw = insertAtCursor(formulaRef.value.$el, `{${text}}`, len + +!isCurlyBracketBalanced())
+    insertStringAtPosition(editor, `{${text}}`, true)
   } else {
-    vModel.value.formula_raw = insertAtCursor(formulaRef.value.$el, text, len)
+    insertStringAtPosition(editor, text, true)
   }
   autocomplete.value = false
   wordToComplete.value = ''
+
   if (item.type === 'function' || item.type === 'op') {
     // if function / operator is chosen, display columns only
     suggestion.value = suggestionsList.value.filter((f) => f.type === 'column')
@@ -203,27 +452,93 @@ function appendText(item: Record<string, any>) {
   }
 }
 
-const handleInputDeb = useDebounceFn(function () {
-  handleInput()
-}, 250)
+function isCursorBetweenParenthesis() {
+  const cursorPosition = editor?.getPosition()
+
+  if (!cursorPosition || !editor) return false
+
+  const line = editor.getModel()?.getLineContent(cursorPosition.lineNumber)
+
+  if (!line) {
+    return false
+  }
+
+  const cursorLine = line.substring(0, cursorPosition.column - 1)
+
+  const openParenthesis = (cursorLine.match(/\(/g) || []).length
+
+  const closeParenthesis = (cursorLine.match(/\)/g) || []).length
+
+  return openParenthesis > closeParenthesis
+}
+
+// Function to check if cursor is inside Strings
+function isCursorInsideString(text: string, offset: number) {
+  let inSingleQuoteString = false
+  let inDoubleQuoteString = false
+  let escapeNextChar = false
+
+  for (let i = 0; i < offset; i++) {
+    const char = text[i]
+
+    if (escapeNextChar) {
+      escapeNextChar = false
+      continue
+    }
+
+    if (char === '\\') {
+      escapeNextChar = true
+      continue
+    }
+
+    if (char === "'" && !inDoubleQuoteString) {
+      inSingleQuoteString = !inSingleQuoteString
+    } else if (char === '"' && !inSingleQuoteString) {
+      inDoubleQuoteString = !inDoubleQuoteString
+    }
+  }
+
+  return inDoubleQuoteString || inSingleQuoteString
+}
 
 function handleInput() {
+  if (!editor) return
+
+  const model = editor.getModel()
+  const position = editor.getPosition()
+
+  if (!model || !position) return
+
+  const text = model.getValue()
+  const offset = model.getOffsetAt(position)
+
+  // IF cursor is inside string, don't show any suggestions
+  if (isCursorInsideString(text, offset)) {
+    autocomplete.value = false
+    suggestion.value = []
+    return
+  }
+
+  if (!isCursorBetweenParenthesis()) priority.value = 1
+
   selected.value = 0
   suggestion.value = []
-  const query = getWordUntilCaret(formulaRef.value.$el)
+  const query = getCurrentKeyword() ?? ''
   const parts = query.split(/\W+/)
   wordToComplete.value = parts.pop() || ''
   suggestion.value = acTree.value
     .complete(wordToComplete.value)
     ?.sort((x: Record<string, any>, y: Record<string, any>) => sortOrder[x.type] - sortOrder[y.type])
 
-  if (suggestion.value.length > 0 && suggestion.value[0].type !== 'column') {
-    suggestionPreviewed.value = suggestion.value[0]
-  }
-
-  if (!isCurlyBracketBalanced()) {
-    suggestion.value = suggestion.value.filter((v) => v.type === 'column')
-    showFunctionList.value = false
+  if (isCursorBetweenParenthesis()) {
+    // Show columns at top
+    suggestion.value = suggestion.value.sort((a, b) => {
+      if (a.type === 'column') return -1
+      if (b.type === 'column') return 1
+      return 0
+    })
+    selected.value = 0
+    priority.value = -1
   } else if (!showFunctionList.value) {
     showFunctionList.value = true
   }
@@ -318,19 +633,19 @@ const suggestionPreviewPostion = ref({
 })
 
 onMounted(() => {
-  until(() => formulaRef.value?.$el as Ref<HTMLTextAreaElement>)
+  until(() => monacoRoot.value as HTMLDivElement)
     .toBeTruthy()
     .then(() => {
       setTimeout(() => {
-        const textAreaPosition = formulaRef.value?.$el?.getBoundingClientRect()
-        if (!textAreaPosition) return
+        const monacoDivPosition = monacoRoot.value?.getBoundingClientRect()
+        if (!monacoDivPosition) return
 
-        suggestionPreviewPostion.value.top = `${textAreaPosition.top}px`
+        suggestionPreviewPostion.value.top = `${monacoDivPosition.top}px`
 
-        if (fromTableExplorer?.value || textAreaPosition.left > 352) {
-          suggestionPreviewPostion.value.left = `${textAreaPosition.left - 344}px`
+        if (fromTableExplorer?.value || monacoDivPosition.left > 352) {
+          suggestionPreviewPostion.value.left = `${monacoDivPosition.left - 344}px`
         } else {
-          suggestionPreviewPostion.value.left = `${textAreaPosition.right + 8}px`
+          suggestionPreviewPostion.value.left = `${monacoDivPosition.right + 8}px`
         }
       }, 250)
     })
@@ -423,7 +738,7 @@ watch(parsedTree, (value, oldValue) => {
     >
       <div class="pr-3">
         <div class="flex flex-row w-full justify-between pb-2 border-b-1">
-          <div class="flex items-center gap-x-1 font-semibold text-base text-gray-600">
+          <div class="flex items-center gap-x-1 font-semibold text-lg text-gray-600">
             <component :is="iconMap.function" class="text-lg" />
             {{ suggestionPreviewed.text }}
           </div>
@@ -433,17 +748,17 @@ watch(parsedTree, (value, oldValue) => {
         </div>
       </div>
       <div class="flex flex-col max-h-120 nc-scrollbar-thin pr-2">
-        <div class="flex mt-3 text-sm">{{ suggestionPreviewed.description }}</div>
+        <div class="flex mt-3 text-[13px] leading-6">{{ suggestionPreviewed.description }}</div>
 
-        <div class="text-gray-500 uppercase text-xs mt-3 mb-2">Syntax</div>
-        <div class="bg-white rounded-md py-1 px-2 border-1">{{ suggestionPreviewed.syntax }}</div>
-        <div class="text-gray-500 uppercase text-xs mt-3 mb-2">Examples</div>
+        <div class="text-gray-500 uppercase text-[11px] mt-3 mb-2">Syntax</div>
+        <div class="bg-white rounded-md py-1 text-[13px] mono-font leading-6 px-2 border-1">{{ suggestionPreviewed.syntax }}</div>
+        <div class="text-gray-500 uppercase text-[11px] mt-3 mb-2">Examples</div>
         <div
           v-for="(example, index) of suggestionPreviewed.examples"
           :key="example"
-          class="bg-gray-100 py-1 px-2"
+          class="bg-gray-100 mono-font text-[13px] leading-6 py-1 px-2"
           :class="{
-            'border-t-1 border-gray-200': index !== 0,
+            'border-t-1  border-gray-200': index !== 0,
             'rounded-b-md': index === suggestionPreviewed.examples.length - 1 && suggestionPreviewed.examples.length !== 1,
             'rounded-t-md': index === 0 && suggestionPreviewed.examples.length !== 1,
             'rounded-md': suggestionPreviewed.examples.length === 1,
@@ -471,17 +786,18 @@ watch(parsedTree, (value, oldValue) => {
         </template>
         <div class="px-0.5">
           <a-form-item class="mt-4" v-bind="validateInfos.formula_raw">
-            <a-textarea
-              ref="formulaRef"
-              v-model:value="vModel.formula_raw"
-              class="nc-formula-input !rounded-md"
-              @keydown="handleKeydown"
-              @change="handleInputDeb"
-            />
+            <div
+              ref="monacoRoot"
+              :class="{
+                '!border-red-500 formula-error': validateInfos.formula_raw?.validateStatus === 'error',
+                '!focus-within:border-brand-500 formula-success': validateInfos.formula_raw?.validateStatus !== 'error',
+              }"
+              class="formula-monaco"
+              @keydown.stop="handleKeydown"
+            ></div>
           </a-form-item>
-
-          <div class="h-[250px] overflow-auto nc-scrollbar-thin border-1 border-gray-200 rounded-lg mt-4">
-            <template v-if="suggestedFormulas && showFunctionList">
+          <div class="h-[250px] overflow-auto flex flex-col nc-scrollbar-thin border-1 border-gray-200 rounded-lg mt-4">
+            <div v-if="suggestedFormulas && showFunctionList" :style="{ order: priority === -1 ? 2 : 1 }">
               <div class="border-b-1 bg-gray-50 px-3 py-1 uppercase text-gray-600 text-xs font-semibold sticky top-0 z-10">
                 Formulas
               </div>
@@ -520,9 +836,9 @@ watch(parsedTree, (value, oldValue) => {
                   </a-list-item>
                 </template>
               </a-list>
-            </template>
+            </div>
 
-            <template v-if="variableList">
+            <div v-if="variableList" :style="{ order: priority === 1 ? 2 : 1 }">
               <div class="border-b-1 bg-gray-50 px-3 py-1 uppercase text-gray-600 text-xs font-semibold sticky top-0 z-10">
                 Fields
               </div>
@@ -549,7 +865,7 @@ watch(parsedTree, (value, oldValue) => {
                     <a-list-item-meta class="nc-variable-list-item">
                       <template #title>
                         <div class="flex items-center gap-x-1 justify-between">
-                          <div class="flex items-center gap-x-1 rounded-md bg-gray-200 px-1 h-5">
+                          <div class="flex items-center gap-x-1 rounded-md px-1 h-5">
                             <component :is="item.icon" class="w-4 h-4 !text-gray-600" />
 
                             <span class="text-small leading-[18px] text-gray-800 font-weight-500">{{ item.text }}</span>
@@ -568,7 +884,7 @@ watch(parsedTree, (value, oldValue) => {
                   </a-list-item>
                 </template>
               </a-list>
-            </template>
+            </div>
           </div>
         </div>
       </a-tab-pane>
@@ -675,6 +991,10 @@ watch(parsedTree, (value, oldValue) => {
   @apply !pl-0;
 }
 
+:deep(.ant-form-item-control-input) {
+  @apply h-full;
+}
+
 :deep(.ant-tabs-content-holder) {
   @apply mt-4;
 }
@@ -690,4 +1010,26 @@ watch(parsedTree, (value, oldValue) => {
 :deep(.ant-tabs-tab-btn) {
   @apply !mb-1;
 }
+
+.formula-monaco {
+  @apply rounded-md nc-scrollbar-md border-gray-200 border-1 overflow-y-auto overflow-x-hidden resize-y;
+  min-height: 100px;
+  height: 120px;
+  max-height: 250px;
+
+  &:focus-within:not(.formula-error) {
+    box-shadow: 0 0 0 2px var(--ant-primary-color-outline);
+  }
+
+  &:focus-within:not(.formula-success) {
+    box-shadow: 0 0 0 2px var(--ant-error-color-outline);
+  }
+  .view-line {
+    width: auto !important;
+  }
+}
+
+.mono-font {
+  font-family: 'JetBrainsMono', monospace;
+}
 </style>
diff --git a/packages/nc-gui/components/virtual-cell/Formula.vue b/packages/nc-gui/components/virtual-cell/Formula.vue
index c5507b9598..35b541d969 100644
--- a/packages/nc-gui/components/virtual-cell/Formula.vue
+++ b/packages/nc-gui/components/virtual-cell/Formula.vue
@@ -21,6 +21,8 @@ const { showEditNonEditableFieldWarning, showClearNonEditableFieldWarning, activ
 
 const isNumber = computed(() => (column.value.colOptions as any)?.parsed_tree?.dataType === FormulaDataTypes.NUMERIC)
 
+const rowHeight = inject(RowHeightInj, ref(undefined))
+
 const isExpandedFormOpen = inject(IsExpandedFormOpenInj, ref(false))
 
 const isGrid = inject(IsGridInj, ref(false))
@@ -47,7 +49,7 @@ const isGrid = inject(IsGridInj, ref(false))
     <div v-else class="nc-cell-field py-1" @dblclick="activateShowEditNonEditableFieldWarning">
       <div v-if="urls" v-html="urls" />
 
-      <div v-else>{{ result }}</div>
+      <LazyCellClampedText v-else :value="result" :lines="rowHeight" />
 
       <div v-if="showEditNonEditableFieldWarning" class="text-left text-wrap mt-2 text-[#e65100] text-xs">
         {{ $t('msg.info.computedFieldEditWarning') }}
diff --git a/packages/nc-gui/package.json b/packages/nc-gui/package.json
index bf9026a3d2..b7fe21a906 100644
--- a/packages/nc-gui/package.json
+++ b/packages/nc-gui/package.json
@@ -66,6 +66,7 @@
     "emoji-mart-vue-fast": "^15.0.2",
     "file-saver": "^2.0.5",
     "fuse.js": "^6.6.2",
+    "html-entities": "^2.5.2",
     "httpsnippet": "^2.0.0",
     "inflection": "^1.13.4",
     "jsbarcode": "^3.11.6",
@@ -75,7 +76,7 @@
     "leaflet.markercluster": "^1.5.3",
     "locale-codes": "^1.3.1",
     "marked": "^4.3.0",
-    "monaco-editor": "^0.45.0",
+    "monaco-editor": "^0.50.0",
     "monaco-sql-languages": "^0.11.0",
     "nocodb-sdk": "workspace:^",
     "papaparse": "^5.4.1",
diff --git a/packages/nc-gui/plugins/monaco.ts b/packages/nc-gui/plugins/monaco.ts
new file mode 100644
index 0000000000..073dc1a67b
--- /dev/null
+++ b/packages/nc-gui/plugins/monaco.ts
@@ -0,0 +1,23 @@
+import EditorWorker from 'monaco-editor/esm/vs/editor/editor.worker?worker&inline'
+import JsonWorker from 'monaco-editor/esm/vs/language/json/json.worker?worker&inline'
+
+export default defineNuxtPlugin(() => {
+  /**
+   * Adding monaco editor to Vite
+   *
+   * @ts-expect-error */
+  self.MonacoEnvironment = window.MonacoEnvironment = {
+    async getWorker(_: any, label: string) {
+      switch (label) {
+        case 'json': {
+          const workerBlob = new Blob([JsonWorker], { type: 'text/javascript' })
+          return await initWorker(URL.createObjectURL(workerBlob))
+        }
+        default: {
+          const workerBlob = new Blob([EditorWorker], { type: 'text/javascript' })
+          return await initWorker(URL.createObjectURL(workerBlob))
+        }
+      }
+    },
+  }
+})
diff --git a/packages/nc-gui/utils/urlUtils.ts b/packages/nc-gui/utils/urlUtils.ts
index 9d13496b1c..0607a8cc17 100644
--- a/packages/nc-gui/utils/urlUtils.ts
+++ b/packages/nc-gui/utils/urlUtils.ts
@@ -1,35 +1,36 @@
 import isURL from 'validator/lib/isURL'
+import { decode } from 'html-entities'
+
 export const replaceUrlsWithLink = (text: string): boolean | string => {
   if (!text) {
     return false
   }
   const rawText = text.toString()
 
-  // Create a temporary element to sanitize the string by encoding any HTML code
-  const tempEl = document.createElement('div')
-  tempEl.textContent = rawText
-  const sanitisedText = tempEl.innerHTML
-
   const protocolRegex = /^(https?|ftp|mailto|file):\/\//
+  let isUrl
 
-  const out = sanitisedText.replace(/URI::\(([^)]*)\)(?: LABEL::\(([^)]*)\))?/g, (_, url, label) => {
+  const out = rawText.replace(/URI::\(([^)]*)\)(?: LABEL::\(([^)]*)\))?/g, (_, url, label) => {
     if (!url.trim() && !label) {
       return ' '
     }
 
     const fullUrl = protocolRegex.test(url) ? url : url.trim() ? `http://${url}` : ''
+
+    isUrl = isURL(fullUrl)
+
     const anchorLabel = label || url || ''
 
     const a = document.createElement('a')
     a.textContent = anchorLabel
-    a.setAttribute('href', fullUrl)
+    a.setAttribute('href', decode(fullUrl))
     a.setAttribute('class', ' nc-cell-field-link')
     a.setAttribute('target', '_blank')
     a.setAttribute('rel', 'noopener,noreferrer')
     return a.outerHTML
   })
 
-  return out
+  return isUrl ? out : false
 }
 
 export const isValidURL = (str: string, extraProps?) => {
diff --git a/pnpm-lock.yaml b/pnpm-lock.yaml
index 16f1da21e7..3d82101f35 100644
--- a/pnpm-lock.yaml
+++ b/pnpm-lock.yaml
@@ -127,6 +127,9 @@ importers:
       fuse.js:
         specifier: ^6.6.2
         version: 6.6.2
+      html-entities:
+        specifier: ^2.5.2
+        version: 2.5.2
       httpsnippet:
         specifier: ^2.0.0
         version: 2.0.0(mkdirp@2.1.6)
@@ -155,8 +158,8 @@ importers:
         specifier: ^4.3.0
         version: 4.3.0
       monaco-editor:
-        specifier: ^0.45.0
-        version: 0.45.0
+        specifier: ^0.50.0
+        version: 0.50.0
       monaco-sql-languages:
         specifier: ^0.11.0
         version: 0.11.0
@@ -430,7 +433,7 @@ importers:
         version: 0.26.0(vue@3.4.34)
       vite-plugin-monaco-editor:
         specifier: ^1.1.0
-        version: 1.1.0(monaco-editor@0.45.0)
+        version: 1.1.0(monaco-editor@0.50.0)
       vite-plugin-purge-icons:
         specifier: ^0.10.0
         version: 0.10.0(vite@4.5.3)
@@ -18136,6 +18139,10 @@ packages:
     resolution: {integrity: sha512-Cc/RSOGlojr7NDw1oXamUQenYBB0f/SISO8QWtRdZkDOmlO/hvbGZMjgyl+6+mh2PKPRrGXUKH4JhCU18LNS2g==}
     dev: false
 
+  /html-entities@2.5.2:
+    resolution: {integrity: sha512-K//PSRMQk4FZ78Kyau+mZurHn3FH0Vwr+H36eE0rPbeYkRRi9YxceYPhuN60UwWorxyKHhqoAJl2OFKa4BVtaA==}
+    dev: false
+
   /html-escaper@2.0.2:
     resolution: {integrity: sha512-H2iMtd0I4Mt5eYiapRdIDjp+XzelXQ0tFE4JS7YFwFevXXMmOp9myNrUvCg0D6ws8iqkRPBfKHgbwig1SmlLfg==}
     dev: true
@@ -21362,8 +21369,8 @@ packages:
     resolution: {integrity: sha512-5LC9SOxjSc2HF6vO2CyuTDNivEdoz2IvyJJGj6X8DJ0eFyfszE0QiEd+iXmBvUP3WHxSjFH/vIsA0EN00cgr8w==}
     dev: false
 
-  /monaco-editor@0.45.0:
-    resolution: {integrity: sha512-mjv1G1ZzfEE3k9HZN0dQ2olMdwIfaeAAjFiwNprLfYNRSz7ctv9XuCT7gPtBGrMUeV1/iZzYKj17Khu1hxoHOA==}
+  /monaco-editor@0.50.0:
+    resolution: {integrity: sha512-8CclLCmrRRh+sul7C08BmPBP3P8wVWfBHomsTcndxg5NRCEPfu/mc2AGU8k37ajjDVXcXFc12ORAMUkmk+lkFA==}
 
   /monaco-sql-languages@0.11.0:
     resolution: {integrity: sha512-OoTQVLT6ldBXPEbQPw43hOy+u16dO+HkY/rCADXPM5NfRBQ1m9+04NdaQ94WcF2R6MPeansxW8AveIdjEhxqfw==}
@@ -25925,9 +25932,6 @@ packages:
   /sqlite3@5.1.6:
     resolution: {integrity: sha512-olYkWoKFVNSSSQNvxVUfjiVbz3YtBwTJj+mfV5zpHmqW3sELx2Cf4QCdirMelhM5Zh+KDVaKgQHqCxrqiWHybw==}
     requiresBuild: true
-    peerDependenciesMeta:
-      node-gyp:
-        optional: true
     dependencies:
       '@mapbox/node-pre-gyp': 1.0.11
       node-addon-api: 4.3.0
@@ -25942,9 +25946,6 @@ packages:
   /sqlite3@5.1.7:
     resolution: {integrity: sha512-GGIyOiFaG+TUra3JIfkI/zGP8yZYLPQ0pl1bH+ODjiX57sPhrLU5sQJn1y9bDKZUFYkX1crlrPfSYt0BKKdkog==}
     requiresBuild: true
-    peerDependenciesMeta:
-      node-gyp:
-        optional: true
     dependencies:
       bindings: 1.5.0
       node-addon-api: 7.0.0
@@ -28205,12 +28206,12 @@ packages:
       - supports-color
     dev: true
 
-  /vite-plugin-monaco-editor@1.1.0(monaco-editor@0.45.0):
+  /vite-plugin-monaco-editor@1.1.0(monaco-editor@0.50.0):
     resolution: {integrity: sha512-IvtUqZotrRoVqwT0PBBDIZPNraya3BxN/bfcNfnxZ5rkJiGcNtO5eAOWWSgT7zullIAEqQwxMU83yL9J5k7gww==}
     peerDependencies:
       monaco-editor: '>=0.33.0'
     dependencies:
-      monaco-editor: 0.45.0
+      monaco-editor: 0.50.0
     dev: true
 
   /vite-plugin-purge-icons@0.10.0(vite@4.5.3):
diff --git a/tests/playwright/pages/Dashboard/Grid/Column/index.ts b/tests/playwright/pages/Dashboard/Grid/Column/index.ts
index 02eb2e1b84..2d3b1595e5 100644
--- a/tests/playwright/pages/Dashboard/Grid/Column/index.ts
+++ b/tests/playwright/pages/Dashboard/Grid/Column/index.ts
@@ -143,7 +143,7 @@ export class ColumnPageObject extends BasePage {
         await this.rootPage.locator('.ant-select-item').locator(`text="${timeFormat}"`).click();
         break;
       case 'Formula':
-        await this.get().locator('.nc-formula-input').fill(formula);
+        await this.get().locator('.inputarea').fill(formula);
         break;
       case 'QrCode':
         await this.get().locator('.ant-select-single').nth(1).click();
@@ -222,7 +222,6 @@ export class ColumnPageObject extends BasePage {
           await this.ltarOption.addFilters(ltarFilters);
         }
 
-
         if (custom) {
           // enable advance options
           await this.get().locator('.nc-ltar-relation-type >> .ant-radio').nth(1).dblclick();
@@ -387,9 +386,18 @@ export class ColumnPageObject extends BasePage {
     await this.defaultValueBtn().click();
 
     switch (type) {
-      case 'Formula':
-        await this.get().locator('.nc-formula-input').fill(formula);
+      case 'Formula': {
+        const element = this.get().locator('.inputarea');
+        await element.focus();
+
+        await this.rootPage.keyboard.press('Control+A');
+        await this.rootPage.waitForTimeout(200);
+
+        await this.rootPage.keyboard.press('Backspace');
+        await this.rootPage.waitForTimeout(200);
+        await element.fill(formula);
         break;
+      }
       case 'Duration':
         await this.get().locator('.ant-select-single').nth(1).click();
         await this.rootPage.locator(`.ant-select-item`).getByTestId(format).click();
diff --git a/tests/playwright/tests/db/columns/columnFormula.spec.ts b/tests/playwright/tests/db/columns/columnFormula.spec.ts
index 29053a016b..4d5876f4d0 100644
--- a/tests/playwright/tests/db/columns/columnFormula.spec.ts
+++ b/tests/playwright/tests/db/columns/columnFormula.spec.ts
@@ -145,13 +145,7 @@ const formulaDataByDbType = (context: NcContext, index: number) => {
       },
       {
         formula: 'URLENCODE({City})',
-        result: [
-          'A%20Corua%20(La%20Corua)',
-          'Abha',
-          'Abu%20Dhabi',
-          'Acua',
-          'Adana',
-        ],
+        result: ['A%20Corua%20(La%20Corua)', 'Abha', 'Abu%20Dhabi', 'Acua', 'Adana'],
       },
     ];
   else