[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"article-megaeth-token-debuts-at-2b-valuation-en":3,"tags-megaeth-token-debuts-at-2b-valuation-en":34,"related-lang-megaeth-token-debuts-at-2b-valuation-en":45,"related-posts-megaeth-token-debuts-at-2b-valuation-en":49,"series-blockchain-800279ed-7a76-422d-88b7-fda97d07fea1":86},{"id":4,"title":5,"content":6,"summary":7,"source":8,"source_url":9,"author":10,"image_url":11,"keywords":12,"language":18,"translated_content":10,"views":19,"is_premium":20,"created_at":21,"updated_at":21,"cover_image":11,"published_at":22,"rewrite_status":23,"rewrite_error":10,"rewritten_from_id":24,"slug":25,"category":26,"related_article_id":27,"status":28,"google_indexed_at":29,"x_posted_at":10,"tweet_text":10,"title_rewritten_at":10,"title_original":10,"key_takeaways":30,"topic_cluster_id":10,"embedding":10,"is_canonical_seed":20},"800279ed-7a76-422d-88b7-fda97d07fea1","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",[13,14,15,16,17],"MegaETH","MEGA token","Ethereum Layer 2","token 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億美元","zh",[50,56,62,68,74,80],{"id":51,"slug":52,"title":53,"cover_image":54,"image_url":54,"created_at":55,"category":26},"4fff2f0d-27be-4693-8ef1-6b9e94dd53d1","web3-communication-trust-infrastructure-2026-en","Web3 Communication Is Becoming Trust Infrastructure","https:\u002F\u002Fxxdpdyhzhpamafnrdkyq.supabase.co\u002Fstorage\u002Fv1\u002Fobject\u002Fpublic\u002Fcovers\u002Finline-1778797253042-oimi.png","2026-05-14T22:20:33.794426+00:00",{"id":57,"slug":58,"title":59,"cover_image":60,"image_url":60,"created_at":61,"category":26},"261f5f0f-f863-404d-be2c-1064e6c05eb9","why-bases-x402-protocol-matters-more-than-100m-en","Why Base’s x402 Protocol Matters More Than the $100M 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Fork","https:\u002F\u002Fxxdpdyhzhpamafnrdkyq.supabase.co\u002Fstorage\u002Fv1\u002Fobject\u002Fpublic\u002Fcovers\u002Finline-1778681473377-lu3q.png","2026-05-13T14:10:26.725967+00:00",{"id":75,"slug":76,"title":77,"cover_image":78,"image_url":78,"created_at":79,"category":26},"4b1b1e76-b825-4011-b108-eb3da0bd5e2e","why-ethereum-treasury-buying-is-a-bad-bet-en","Why Ethereum Treasury Buying Is Becoming a Bad Long-Term Bet","https:\u002F\u002Fxxdpdyhzhpamafnrdkyq.supabase.co\u002Fstorage\u002Fv1\u002Fobject\u002Fpublic\u002Fcovers\u002Finline-1778386242176-tk04.png","2026-05-10T04:10:22.329255+00:00",{"id":81,"slug":82,"title":83,"cover_image":84,"image_url":84,"created_at":85,"category":26},"9bbe48b2-19ad-4bbf-bb20-af02e7d15a03","yakovenko-warns-ai-could-crack-pqc-wallets-en","Yakovenko Warns AI Could Crack PQC 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