On April 30, the second-layer network MegaETH launched its token, MEGA. The asset began trading on major exchanges at around $0.20.

MEGA

Now Trading. pic.twitter.com/OVx62C0Fjs

— MegaETH (@megaeth) April 30, 2026

The coin's release followed the achievement of the first planned on-chain activity milestone. On April 23, the team announced that 10 applications from the Mega Mafia ecosystem had launched and surpassed the target threshold.

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10/10 Mafia apps live. pic.twitter.com/dl7YJKmcDu

— MegaETH (@megaeth) April 23, 2026

The total supply of MEGA will be 10 billion tokens. A key feature is that a significant portion of the supply is tied not to timelines but to the achievement of specific metrics. Of the total, 53.3% of the tokens are allocated for conditional staking rewards.

MEGA trading has commenced on several major platforms, including Binance, KuCoin, and Bitget. At the time of writing, the asset's price is $0.10, according to TradingView. Following the listing, prices dropped by 21%.

Only participants of the Sonar Sale received the full volume of coins, while others in the rewards program received only a portion.

MegaETH is positioned as a high-performance scaling solution for Ethereum, focused on real-time on-chain applications and consumer scenarios.

The project aims for a throughput of 100,000 TPS and near-instant finalization of transactions. Current average daily metrics are around 30 TPS.

Source: MegaETH.

MegaETH also has its own dollar-pegged stablecoin, USDm, which is supported by all applications within the ecosystem. As of last week, approximately 62.9 million coins were in circulation, representing about 13% of the stated goal of rollup — to reach a total issuance of 500 million.

The MegaETH fund intends to direct all revenues from the use of USDm towards the buyback and accumulation of MEGA.

Recall that the L2 network team launched its public mainnet in February. Prior to that, the platform was in testing for several months.

In October 2025, MegaETH conducted an ICO, raising a total of $1.39 billion from the token sale.