MegaETH, Ethereum’s Layer 2 answer, noticed a 65% enhance in its TVL one week after its mainnet launch, reaching roughly $66.48 million as of February 16. The preliminary TVL proper after the debut was $40.3 million.
Many of the community’s property are stablecoins, with MegaUSD (USDM) reaching a market cap of $99.2 million, a 56% enhance over the week. Bridged property account for about $122 million in TVL.
Kumbaya, MegaETH’s decentralized trade, holds roughly $51 million in TVL. Different protocols, together with Avon MegaVault, World Markets, and Aave, keep a mixed TVL of $19 million.
The MEGA token launch (TGE) stays conditional on particular KPIs. The community requires $500 million in circulating USDM, no less than 10 lively Mega Mafia dApps with over 100,000 transactions throughout 25,000 wallets, and three dApps producing $50,000 in day by day charges for a month. Up to now, solely 5 dApps are stay, USDM circulation is round 10% of the goal, and no dApp has reached $50,000 in day by day charges.
The general public MEGA sale on Sonar, held in October 2025, was oversubscribed 20 instances, with over $1 billion in deposits.
Supply: https://defillama.com/chain/megaeth
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