MegaETH is scheduled to launch its mainnet on February 9th, but the MEGA token will only undergo TGE after the ecosystem achieves certain KPI milestones.
The project states that the stablecoin USDM — developed in partnership with Ethena and indirectly backed by BlackRock’s BUIDL fund through USDtb — will generate yield from collateral assets. This revenue will be periodically used to buy back MEGA tokens, forming a “growth app → USDM expansion → increased token buyback” mechanism.
Unlike many projects, over 50% of the MEGA supply will only be unlocked when at least one of three conditions is met: the 30-day average USDM supply reaches $500 million; at least 10 applications process over 100,000 transactions and 25,000 wallets; or 3 applications generate $50,000 in fees daily for 30 consecutive days. When KPIs are achieved, the token will undergo TGE after 7 days.
After the mainnet, MegaETH also plans to test Proximity Markets — a mechanism that allows market makers and applications to bid for positions near the sequencer to reduce latency, optimize execution, and create additional demand for MEGA tokens.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Ripple-Linked Evernorth Files S-4 to Launch XRP Treasury Firm
Evernorth Holdings filed for a Nasdaq listing via SPAC, targeting over $1B in proceeds. With hundreds of millions of XRP, it plans active management strategies and benefits from recent regulatory clarity classifying XRP as a digital commodity.
CryptoFrontNews7h ago
Ondo Finance Issues Tokenized Securities in IBIT and GLXY
The essay discusses the recent entry of large companies and ETFs into the tokenized securities market, highlighting growth driven by regulatory support and increasing institutional demand, with Ondo Global Markets managing over 250 tokenized instruments valued at nearly $2.6 billion.
CryptoBreaking10h ago
Shibarium L3 'Currently Under Testing': When Is Mainnet Launch? - U.Today
Woofswap has begun testing a Layer-3 explorer for the Shiba Inu ecosystem under the ShibClaw initiative, aimed at enhancing transaction speed and reducing fees. The community expresses mixed reactions, with some eager for updates as block syncing progresses slowly.
UToday12h ago
Jupiter Lend Launches JLP/JupUSD and JUICED/USDT Vaults
Gate News Alert: On March 21, lending protocol Jupiter Lend launched JLP/JupUSD and JUICED/USDT vaults. The JLP/JupUSD vault offers a maximum annual percentage yield (APY) of 37.5%, while the JUICED/USDT vault offers a maximum APY of 12.3%.
GateNews15h ago
GMX Publicly Recruiting Chief Executive Officer, Application Deadline April 3rd
GMX announces recruitment of Chief Executive Officer to oversee strategic planning and organizational structure improvement, driving company expansion. Seeking experienced leaders with understanding of decentralized infrastructure, with application deadline of April 3, 2026.
GateNews17h ago
