MegaETH Launches MEGA Token

MegaETH has officially launched its MEGA token on April 30, with trading commencing around $0.20 on major exchanges such as Binance, KuCoin, and Bitget. As of now, the token's price has seen a decline, settling at approximately $0.10, reflecting a 21% drop post-listing.

The launch follows a significant milestone achieved by the MegaETH team just a week earlier, announcing the successful rollout of 10 applications within the Mega Mafia ecosystem. This initiative demonstrates the platform's commitment to enhancing its on-chain activity.

With a total supply capped at 10 billion tokens, over half (53.3%) is designated for conditional staking rewards, linking distribution to the accomplishment of specific goals rather than set timelines. Notably, only participants from the Sonar Sale received the full token allotment, while others in the rewards program received diminished amounts.

MegaETH is designed as a high-performance scaling solution for Ethereum, targeting an ambitious throughput of 100,000 transactions per second (TPS) with near-instant finalization. Currently, it maintains an average throughput of around 30 TPS per day.

Additionally, MegaETH has launched a dollar-pegged stablecoin, USDm, with roughly 62.9 million tokens in circulation, representing 13% of its goal to ultimately issue 500 million tokens. The project intends to reinvest all revenues from USDm use into acquiring more MEGA tokens.

The public mainnet for MegaETH was launched in February after extensive testing, and the project raised $1.39 billion through its ICO in October 2025.