Launch Approaching: A Comprehensive Overview of the MegaETH Ecosystem

Accelerator, Developer Center, and Stablecoin advancing in parallel.

Written by: KarenZ, Foresight News

As MegaETH is about to launch its public sale on the Sonar platform, the progress of its ecosystem development has also attracted considerable attention.

In May 2024, I provided a detailed introduction to the MegaETH team background and operational mechanism in the article "What Exactly Is the MegaETH That Went Viral Overnight with Vitalik's Favor?" Interested readers can review it for more information.

Currently, focusing on its ecosystem development, what new progress has MegaETH made?

At present, the MegaETH ecosystem has moved from early technical groundwork to a dual-engine phase of "infrastructure + application implementation": On one hand, the MegaMafia accelerator is incubating projects across multiple tracks such as lending, trading, and AI, with some projects having completed multimillion-dollar financing; on the other hand, it is promoting the MegaForge developer center and the USDm stablecoin, supplementing the ecosystem's service capabilities and network monetary pillars.

What Progress Has the MegaETH Ecosystem Made?

Currently, the MegaETH ecosystem mainly revolves around three core sectors: the MegaMafia accelerator program, the flagship developer center MegaForge, and the native stablecoin MegaUSD, covering the entire chain from project incubation to infrastructure.

MegaMafia: The "Incubator" and "Filter" for Ecosystem Projects

The core function of MegaMafia is to connect developers with MegaLabs team and advisor resources, helping quality projects land. It has already incubated two batches of projects.

Projects initially included in MegaMafia:

Avon Protocol: Introduces limit orders into on-chain lending.

CAP: A stablecoin engine supporting the issuance of stablecoins pegged to USD, BTC, and ETH. In the second half of 2024, CAP Labs announced the completion of a $1.9 million Pre-Seed round, with participation from Kraken Ventures, Robot Ventures, ANAGRAM, ABCDE Labs, SCB Limited, and Synthetix founder Kain Warwick, among other angel investors. In April this year, CAP Labs completed another $11 million round, with Franklin Templeton and Triton Capital participating. However, in August, CAP chose to launch first on the Ethereum mainnet and introduced a native points system. Further reading: "Gold Rush Manual | Cap: Which Is More Attractive, Points or Yield?"

Funes: An online museum that collects, preserves, and manages 3D models of all buildings.

Lemonade: An all-chain event, community management, and CRM platform.

NOISE: A trend trading platform, currently requires an invitation code for testing.

Showdown: An on-chain trading card game.

Teko Finance: A lending platform within the MegaETH ecosystem, supporting low-collateral loans.

AWE: A game engine that enables faster and more open transformation of ideas into 3D experiences, such as AI simulations, crypto games, galleries, etc.

Euphoria: Supports derivatives trading, social trading, and other services, and provides a gamified experience covering points, rewards, and more. In August this year, Euphoria announced the completion of a $7.5 million seed round led by Karatage, with participation from Figment Capital, Robot Ventures, Bankless Ventures, First Commit, Hash3, Comfy Capital, and Kosmos Ventures.

Hop: Building a decentralized, anonymous, secure, and fast VPN, leveraging MegaETH to significantly reduce latency for users.

Nectar AI: An AI virtual companion generation platform, where users can earn points through daily logins, spinning Gachapon, creating images and videos, and engaging with social characters.

Pump Party: A real-time interactive game show that allows users to chat, livestream, and win prizes in real time.

Sweep: A prediction market.

Valhalla: A decentralized perpetual contract exchange within the MegaETH ecosystem. In December 2024, Valhalla announced the completion of a $1.5 million Pre-Seed round led by Robot Ventures, with participation from GSR and others.

It is worth noting that the MegaETH ecosystem DEX project GTE separated from MegaMafia in August. The official reason was "self-sustained development, having completed over $25 million in financing (with investors including Paradigm, IMC, Wintermute, etc.), and covering over 1 million users during the testnet phase, with plans to launch directly on the mainnet."

The first batch of MegaMafia 2.0 projects includes:

Blitzo: A gamified payment application that turns everyday transactions into viral, imitable, and monetizable experiences.

Cilium: Provides real-time dynamic images for every car and robot, leveraging the gig economy to turn images into a real-time, high-resolution spatial intelligence layer that evolves with each vehicle.

Dorado: An on-chain jackpot platform that combines game theory incentive mechanisms involving locking, points, and prize pools.

Hunch: Allows users to quickly analyze micro-trends through real-time prediction markets on MegaETH.

Legend.trade: A Trader v Trader platform aiming to turn trading into a competitive social experience. On October 16, 2025, Legend.trade announced the completion of a $1.5 million Pre-Seed round, with investors including Big Brain Holdings, Bodhi Ventures, Figment Capital, GTE, and others.

Ubitel: Unlocks passive TEE within every phone and node, providing internet services for users and hosts, and offering verifiable computation for the network.

The second batch of MegaMafia 2.0 projects includes:

• Benchmark is creating a unified USDm liquidity engine for MegaETH.
• Brix will bring opportunities such as tokenization and yield-bearing stablecoins to MegaETH.
• Kumbaya encourages users to create culture and price it in real time.
• Rocket is creating the concept of a redistribution market, aiming to turn price speculation from a static experience into a dynamic, social, mobile-first experience.
• Stomp is an on-chain native gaming experience.

MegaForge: Flagship Developer Center

MegaForge is a foundational guild for the Mega civilization and the flagship developer center for Mega, launched by MegaETH in early 2025, focusing on DeFi, DePIN, AI, robotics, gaming, social, and other fields.

Projects selected for MegaForge include:

Goldsky: 10ms indexing using subgraphs and real-time data replication pipelines.

TopStrike: An on-chain sports trading game where fans can buy and sell football players via bonding curves, with prices changing instantly based on demand.

RainMakr: An AI Launchpad, including RainAI (AI agent launch platform), RainPump (a fair launch platform with public token creators), RainLaunch (primary launch platform), RainBoost (a task system related to social engagement), RainDrop (a community-focused staking airdrop center), and RainLabs (a community fund that invests directly in ecosystem projects).

Rarible: An on-chain commerce platform.

MegaHeroes: A Web3 trading game where NFTs run custom trading logic on virtual portfolios.

MTRKR: A wallet tracker focused on MegaETH.

MegaUSD: The "Pillar" Stablecoin of the Ecosystem

MegaUSD (USDm) is the native stablecoin of MegaETH. In September 2025, Ethena Labs partnered with MegaETH to launch this native stablecoin. USDm is issued through Ethena's stablecoin architecture and integrated into wallets, applications, and on-chain services within the MegaETH ecosystem.

USDm is positioned as the "network monetary pillar"—coordinating the incentive mechanisms of the entire ecosystem while providing scalable value to empower the MegaETH network.