[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"article-megaeth-token-debuts-at-2b-valuation-en":3,"article-related-megaeth-token-debuts-at-2b-valuation-en":29,"series-blockchain-800279ed-7a76-422d-88b7-fda97d07fea1":74},{"id":4,"slug":5,"title":6,"content":7,"summary":8,"source":9,"source_url":10,"author":11,"image_url":12,"cover_image":12,"category":13,"language":14,"translated_content":11,"related_article_id":15,"keywords":16,"key_takeaways":22,"views":26,"created_at":27,"published_at":28,"topic_cluster_id":11},"800279ed-7a76-422d-88b7-fda97d07fea1","megaeth-token-debuts-at-2b-valuation-en","MegaETH Token Debuts at $2B Valuation","\u003Cp data-speakable=\"summary\">MegaETH’s MEGA \u003Ca href=\"\u002Ftag\u002Ftoken\">token\u003C\u002Fa> began trading across 13 exchanges with a $2 billion debut valuation.\u003C\u002Fp>\u003Cp>MEGA, the token for \u003Ca href=\"https:\u002F\u002Fmegaeth.com\" target=\"_blank\" rel=\"noopener\">MegaETH\u003C\u002Fa>, began trading Thursday on \u003Ca href=\"https:\u002F\u002Fwww.binance.com\" target=\"_blank\" rel=\"noopener\">Binance\u003C\u002Fa>, \u003Ca href=\"https:\u002F\u002Fwww.coinbase.com\" target=\"_blank\" rel=\"noopener\">Coinbase\u003C\u002Fa>, and 11 other centralized exchanges, while also going live on the network’s decentralized exchanges. The launch gave the \u003Ca href=\"\u002Ftag\u002Fethereum\">Ethereum\u003C\u002Fa> \u003Ca href=\"\u002Ftag\u002Flayer-2\">Layer 2\u003C\u002Fa> project its first liquid market after months of tokenomics work tied to performance milestones.\u003C\u002Fp>\u003Ctable>\u003Cthead>\u003Ctr>\u003Cth>項目\u003C\u002Fth>\u003Cth>數值\u003C\u002Fth>\u003C\u002Ftr>\u003C\u002Fthead>\u003Ctbody>\u003Ctr>\u003Ctd>Launch valuation\u003C\u002Ftd>\u003Ctd>$2 billion\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Early market cap\u003C\u002Ftd>\u003Ctd>About $170 million\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Fully diluted valuation\u003C\u002Ftd>\u003Ctd>About $1.5 billion\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Circulating supply at launch\u003C\u002Ftd>\u003Ctd>1.13 billion MEGA\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Total fixed supply\u003C\u002Ftd>\u003Ctd>10 billion MEGA\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Exchanges at launch\u003C\u002Ftd>\u003Ctd>13\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Current DeFi deposits on MegaETH\u003C\u002Ftd>\u003Ctd>About $355 million\u003C\u002Ftd>\u003C\u002Ftr>\u003C\u002Ftbody>\u003C\u002Ftable>\u003Ch2>What changed\u003C\u002Fh2>\u003Cp>MEGA briefly traded above $0.22 in price discovery before sliding to about $0.15 by mid-morning U.S. East Coast time, according to CoinGecko data. That put the token’s market cap near $170 million, with a fully diluted valuation around $1.5 billion.\u003C\u002Fp>\n\u003Cfigure class=\"my-6\">\u003Cimg src=\"https:\u002F\u002Fxxdpdyhzhpamafnrdkyq.supabase.co\u002Fstorage\u002Fv1\u002Fobject\u002Fpublic\u002Fcovers\u002Finline-1778034045449-0nyu.png\" alt=\"MegaETH Token Debuts at $2B Valuation\" class=\"rounded-xl w-full\" loading=\"lazy\" \u002F>\u003C\u002Ffigure>\n\u003Cp>The launch follows a seven-day countdown that started April 23, after 10 Mega Mafia-incubated apps cleared MegaETH’s first KPI: 100,000 transactions each across a 30-day window. MegaETH tied the token generation event to on-chain milestones rather than a fixed date when it published tokenomics ahead of mainnet.\u003C\u002Fp>\u003Cul>\u003Cli>About 1.13 billion MEGA, or 11.3% of the 10 billion supply, is circulating at launch.\u003C\u002Fli>\u003Cli>The other two KPI targets remain open: $500 million in USDM circulation and three apps generating $50,000 in daily fees for 30 straight days.\u003C\u002Fli>\u003Cli>USDM circulation is about $62.9 million, or 13% of target, per MegaETH’s dashboard.\u003C\u002Fli>\u003Cli>The project says MEGA will be the bidding currency for proximity markets that let apps pay for colocating near the sequencer for lower latency.\u003C\u002Fli>\u003C\u002Ful>\u003Ch2>Why it matters\u003C\u002Fh2>\u003Cp>For early backers, the TGE is the first liquidity event. Echo round buyers from MegaETH’s $10 million December 2024 raise are up about 8.5x on paper, while Sonar ICO participants are roughly 70% ahead at current prices.\u003C\u002Fp>\n\u003Cfigure class=\"my-6\">\u003Cimg src=\"https:\u002F\u002Fxxdpdyhzhpamafnrdkyq.supabase.co\u002Fstorage\u002Fv1\u002Fobject\u002Fpublic\u002Fcovers\u002Finline-1778034057711-96au.png\" alt=\"MegaETH Token Debuts at $2B Valuation\" class=\"rounded-xl w-full\" loading=\"lazy\" \u002F>\u003C\u002Ffigure>\n\u003Cp>The launch also tests whether a high-throughput chain can turn performance claims into real usage. MegaETH says its mainnet can handle more than 100,000 transactions per second with sub-10 millisecond block times, and it already hosts about $355 million in \u003Ca href=\"\u002Ftag\u002Fdefi\">DeFi\u003C\u002Fa> deposits, led by Aave.\u003C\u002Fp>\u003Cp>The team has also said yield from USDM, its native stablecoin built with \u003Ca href=\"https:\u002F\u002Fwww.ethena.fi\" target=\"_blank\" rel=\"noopener\">Ethena\u003C\u002Fa>, will help fund MEGA buybacks. That links token demand to chain activity, not just speculation, which is the key question now that the market has a live price.\u003C\u002Fp>\u003Cp>The real test is whether MegaETH can keep users, apps, and fee generation growing after the first trading rush fades.\u003C\u002Fp>","MegaETH’s MEGA token started trading across 13 exchanges, with a $2 billion debut valuation and about 11.3% of supply circulating.","thedefiant.io","https:\u002F\u002Fthedefiant.io\u002Fnews\u002Fblockchains\u002Fmegaeth-token-debuts-at-usd2-billion-valuation",null,"https:\u002F\u002Fxxdpdyhzhpamafnrdkyq.supabase.co\u002Fstorage\u002Fv1\u002Fobject\u002Fpublic\u002Fcovers\u002Finline-1778034045449-0nyu.png","blockchain","en","f26ec672-90f6-4f34-9981-7c8033f1e3cf",[17,18,19,20,21],"MegaETH","MEGA token","Ethereum Layer 2","token launch","DeFi",[23,24,25],"MEGA launched on 13 exchanges with a $2 billion debut valuation.","Only 11.3% of the fixed 10 billion supply is circulating at launch.","MegaETH still needs to hit two KPI targets tied to its token rollout.",5,"2026-05-06T02:20:30.866683+00:00","2026-05-06T02:20:30.823+00:00",{"tags":30,"relatedLang":33,"relatedPosts":37},[31],{"name":21,"slug":32},"defi",{"id":15,"slug":34,"title":35,"language":36},"megaeth-token-debuts-at-2b-valuation-zh","MegaETH 代幣首發估值 20 億美元","zh",[38,44,50,56,62,68],{"id":39,"slug":40,"title":41,"cover_image":42,"image_url":42,"created_at":43,"category":13},"2f4ee2b5-89c1-41f1-914f-f354dc6fbff9","ai-in-crypto-agents-tokens-use-cases-en","AI in Crypto: agents, tokens, and use cases explained","https:\u002F\u002Fxxdpdyhzhpamafnrdkyq.supabase.co\u002Fstorage\u002Fv1\u002Fobject\u002Fpublic\u002Fcovers\u002Finline-1782645484575-snzo.png","2026-06-28T11:17:28.063975+00:00",{"id":45,"slug":46,"title":47,"cover_image":48,"image_url":48,"created_at":49,"category":13},"024c0bae-2804-442c-882a-b1fdc1126152","immutable-x-cuts-nft-game-fees-ethereum-en","Immutable X cuts NFT game fees on 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