MegaETH Mainnet Goes Live Today, MEGA Token Unlock Depends on Network Activity

ETH-1,14%
TOKEN6,14%
AIXBT-1,81%
LINK-3,42%
  • MegaETH mainnet launches today, which allows new users to interact without paying transaction fees.
  • The token generation event depends on USDm stablecoin growth and app activity.

The MegaETH mainnet is launching today, which marks a major step for the Ethereum ecosystem as it is designed as a Layer‑2 blockchain, and operates independently while using Ethereum’s security.

According to Infinex’s post, MegaETH is going live at 9 am EST. The deployment coincides with a significant integration into Infinex’s crypto superapp. This enables new users to interact with MegETH via gasless first transactions. Thus, the platform creates an intuitive setting with faster onboarding and increased network engagement.

With that, Wyck, a popular crypto voice on X, posted that MegaETH mainnet would be launching in a few hours, but noted that it would be without the token generation event (TGE). They said attention would therefore focus on network activity rather than price, and added, “I’m expecting some risky but interesting plays with memecoins launching and NFTs minting. I’ll be showing up for that part.”

According to Aixbt’s X post, the MEGA token will not launch immediately, and the token generation event won’t happen until either $500 million in USDm stablecoin is generated or 10 applications achieve 100,000 transactions, and mentioned, “Track usdm minting rate over next 48 hours. If it stalls under $100m first week, the TGE delays and you get the strk/zk playbook.” The USDm stablecoin aims to lower fees by supporting processing expenses through yield-backed reserves, rather than typical fee margins, as per the MegaETH blog

With that, MegaETH announced the Chainlink Scale program from day one, adopting Chainlink’s data feeds, data streams, and cross‑chain interoperability standards to bring trusted oracle data and seamless DeFi connectivity to its high‑performance blockchain, as per the official blog

As integration gives MegaETH users immediate access to major DeFi assets and protocols such as Aave, GMX, Lido’s wstETH, and Lombard’s BTC.b and LBTC through industry‑standard oracle and interoperability infrastructure.

As MegaETH begins operations, the MEGA token release and network adoption metrics will guide the next steps for users and developers on the platform.

Highlighted Crypto News:

Crypto Hacker Behind Infini Exploit Returns, Moves $32M ETH in Fresh Transfers

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

Aurise Foundation Launches XAUE, Yield-Bearing Treasury for Tether Gold on Ethereum

Gate News message, April 23 — Aurise Foundation announced the launch of XAUE, a yield-bearing gold token on Ethereum, designed to serve as a yield-generating treasury for Tether Gold (XAU₮). XAUE is tailored for compliant institutional participants and introduces crypto-native yields to

GateNews22m ago

Solana Co-Founder Toly Deploys Immutable Program, Destroys Admin Keys and Offers 5 SOL Bounty

Gate News message, April 23 — Solana co-founder Toly called for a "return to open-source immutable software" and expressed greater confidence than ever in removing admin keys. He deployed an immutable binary program called percolator and deposited approximately 5 SOL into its vault, with all admin k

GateNews1h ago

Ronin announces a migration to Ethereum L2 on May 12, with the mainnet going offline for about 10 hours

According to a report by Decrypt on April 23, game blockchain Ronin’s developer, Sky Mavis, announced that Ronin will migrate from the Ethereum sidechain to Ethereum Layer 2 on May 12, using the OP Stack technical architecture; during the migration, the mainnet will be down for about 10 hours between 11:00 AM and 9:00 PM Eastern Time.

MarketWhisper1h ago

Ether.fi launches an aWETH exit channel, with Aave fund outflows exceeding $16.2 billion

According to on-chain analyst Yujin’s monitoring data on April 23, the total deposits on the Aave platform have fallen from $45.8 billion before the KelpDAO rsETH exploit event to $29.6 billion. On the same day, Ether.fi posted an announcement on the X platform stating that its Liquid ETH vault has officially opened to accept aWETH deposits, providing an exit route for users who face liquidity constraints on the Aave platform.

MarketWhisper2h ago

Ronin Blockchain to Migrate to Ethereum Layer 2 on May 12, with 10-Hour Mainnet Downtime

Gate News message, April 23 — Ronin, a gaming blockchain, will migrate from an Ethereum sidechain to Ethereum Layer 2 on May 12. The migration will be triggered at block height 55,577,490 and will transition Ronin to OP Stack. The mainnet will experience approximately 10 hours of downtime, from 11 a

GateNews2h ago

MetaMask Co-founder Dan Finlay Departs Consensys After Over a Decade

Gate News message, April 23 — MetaMask co-founder Dan Finlay announced his departure from Consensys today after more than ten years with the company. Finlay cited burnout and the need to spend time with family as reasons for leaving. Finlay expressed enthusiasm about the Advanced Permissions

GateNews3h ago
Comment
0/400
No comments