MegaETH Mainnet Launch: Eight Must-See dApps

Author: Amir Ormu, Crypto KOL

Translation: Felix, PANews

MegaETH announced the official mainnet launch on February 9, along with the release of the ecosystem frontend The Rabbithole, which supports users in discovering applications, cross-chain transfers, asset exchanges, and ecosystem notifications. On the occasion of the mainnet launch, crypto KOL Amir Ormu published an article reviewing eight potential projects within its ecosystem. Below are the details.

Recently, MegaETH has attracted a lot of attention, but most people’s understanding of this blockchain is limited to Fluffle NFT sales, oversubscribed public token sales, or the $250 million pre-sale that sold out in less than a minute.

However, most only see the surface excitement of MegaETH and overlook its dApp ecosystem. Many are even unaware that many real applications have already been born on this “Real-time Blockchain.”

This article condenses hours of research into a 10-minute read to introduce you to eight promising dApps you must know before MegaETH TGE.

1. Euphoria

Euphoria is an evolved version of the “clicker” game genre in trading. From slot machines to last year’s Hamster (Hamster Run), it’s proven that humans naturally love clicking on anything promising value. The problem with these games is that they are mostly not designed for long-term development, attracting only “profit-takers” who run after rewards as soon as they appear. Currently, most such games have fewer than 100,000 users, while Hamster peaked at over 300 million.

Most trading applications nowadays are just copycats: same functions, different logos. People trade to make money, with no emotional experience—this is exactly what Euphoria aims to change.

If trading becomes fun, more people will participate. Platforms like Memecoin and Polymarket have shown that the market’s winners are not the platforms with the most complex features, but those that resonate most with ordinary users.

Euphoria combines the popular clicker experience with trading and gamification elements, making it a true game-changer.

Such real-time interaction would be impossible without MegaETH’s performance support. Euphoria is one of MegaETH’s top projects, having raised over $7 million from top venture capitalists including Santiago R Santos, Robot Ventures, and others.

Currently, Euphoria is in testing on the testnet, limited to select members. If you want to try it, you can join the waitlist on their official website.

2. Blackhaven

Blackhaven aims to become the MegaETH ecosystem’s digital asset treasury (DAT). Its architecture is designed to continuously absorb $MEGA through various financial instruments. Supported by a diversified on-chain yield asset portfolio, it aims to generate sustainable income and serve as the core liquidity engine of the MegaETH ecosystem.

Blackhaven’s design focuses on two groups:

• Risk-averse investors seeking safe, sustainable returns without taking on risk.
• DeFi-native users looking for unique risk/reward strategies.

Blackhaven is fully community-driven, with 80% of tokens allocated to the community. The team includes former growth lead at OlympusDAO, founder of AlfaDao (one of the most well-known crypto DAOs), and former contributors to SushiSwap.

Their early access program has ended, attracting over 45,000 users. The team expects more users to join in the future.

3. Bad Bunnz

Bad Bunnz is the most well-known NFT brand on MegaETH. The team has been working behind the scenes, rising from a marginalized group within the ecosystem to become a PFP supported by MegaETH’s most influential figures. Even just maintaining loyalty can earn over $10,000 worth of tokens during the $MEGA token sale (based on the pre-sale’s final valuation of $4 billion).

Bad Bunnz is the most recognized NFT brand on MegaETH. From initial obscurity, the team has turned it into a project supported by MegaETH’s core community. Even just holding loyalty can earn over $10,000 worth of tokens during the $MEGA sale (based on the pre-sale valuation of $4 billion).

They have evolved from simple PFP collectibles into a true ecosystem:

• Faster: a fair launch platform incubated by Bad Bunnz
• Paw: (not yet disclosed)
• Prism: a community-oriented DEX on MegaETH

Given Bad Bunnz’s popularity, partnerships, and reputation, they are expected to launch one of the largest projects within the ecosystem.

4. cap

CAP uses built-in parameter smart contracts that require entities generating yields to surpass certain thresholds to receive funding and earn returns for the protocol and its dollar-pegged stablecoin.

They are addressing one of the biggest issues in yield-stablecoins: governance control by DAOs or centralized giants. CAP replaces trust in people with code, with governance fully enforced by smart contracts.

The CAP system involves three main participants:

• Minters: cUSD holders (can be exchanged 1:1 for USDC/USDT)
• Operators: must meet the yield threshold set by the smart contract (including hedge funds, RWA, market makers, etc.)
• Restakers: provide security by restaking ETH; if they support malicious operators, they will be penalized (slashed).

In short: users deposit USDC/USDT → mint cUSD at 1:1 ratio → stake cUSD → earn yields. cUSD can be redeemed at any time, fully backed by USDC/USDT. Operators borrow funds to run yield strategies → share profits with cUSD holders based on CAP’s baseline returns. Restakers bear risks and may be slashed. All operations are autonomous, with no human intervention.

cUSD is now live on Ethereum, with a TVL exceeding $200 million. They are running an activity where users can earn CAP by supporting the protocol. This activity will end in a few months, but if certain targets are met, it may end early.

Honestly, it might be a bit late now, as early depositors have already gained most of the benefits. It’s better to wait for MegaETH’s launch and see what new incentives they will offer to new users.

5. legend.trade

Legend, incubated by GTE, is the first TVT (Trader vs Trader) platform that turns the market into an arena, where victory depends on skill rather than capital size.

Inspired by video game modes, Legend allows you to no longer trade alone in a room but enter a battleground to compete with top traders. You can trade memecoins, stablecoins, or perpetual contracts through GTE’s unified asset architecture.

Your Legend profile can be synchronized across Web, iOS, and Telegram. There are also early alpha versions and upcoming NFT minting plans.

6. HelloTrade

HelloTrade, incubated by MegaMafia, is a new platform that allows trading various markets (stocks, commodities, ETFs, cryptocurrencies) with leverage up to 10x. Unlike traditional stock markets, it operates 24/7 on-chain. Thanks to MegaETH’s real-time network, its hybrid architecture makes users feel like they are not on-chain.

A positive signal: the founders are two former BlackRock crypto directors who helped launch the fastest-growing spot Bitcoin ETF in history. They have secured $4 million in funding led by Dragonfly.

7. Funes

Funes is the first MegaETH dApp supported by Binance Labs and incubated by MegaMafia. It is an AI-driven online museum dedicated to collecting, preserving, and managing 3D models of all human architecture—essentially a living archive of human buildings.

Their goal is to compile material memories from around the world: temples, towers, ruins, houses. Think of it as a Wikipedia for human architecture. They have already digitized nearly 1,000 buildings, and the number continues to grow.

I believe this is a project with huge potential and genuine long-term prospects. Consider that many NFTs with no practical use are worth tens of thousands of dollars, and a project that preserves human memory has obvious value. The project is also integrating AI functionalities.

8. World Markets

World Markets is an innovative exchange built natively on MegaETH, combining spot trading, perpetual contracts, and lending.

Its biggest advantage is low-collateral lending. Most lending dApps rely on over-collateralization, but World Markets leverages MegaETH’s real-time features to track all your spot, futures, and lending positions across the ecosystem instantly. If one position loses value while another profits, the system can offset them immediately, allowing you to use spot collateral and active positions for lending. It is still in the theoretical validation stage but is one of the most exciting experiments.

Related reading: Public fundraising of 1.39 billion, challenging BASE and OP! Can MegaETH break the Layer 2 landscape?