Overview
- MegaETH activated its MEGA token and opened market trading after a token generation event that followed a weeklong launch sequence.
- The trigger came when ten ecosystem apps hit the first required KPI tied to use of USDM, the network’s native stablecoin.
- Binance, KuCoin, and Bitget listed MEGA for spot trading at the same start time, giving users immediate access and liquidity.
- MEGA has a fixed 10 billion supply with 53.3% set aside for performance-based rewards, which keeps early circulation limited until more targets are met.
- USDM supply climbed from about $62.9 million to more than $300 million during the launch period, and the MegaETH Foundation says it will use USDM revenue to accumulate MEGA, reinforcing the link between network use and token demand.