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    MegaETH

    What is MegaETH?

    MegaETH is a blockchain that works with EVM and brings Web2-level real-time performance to the crypto world for the first time. They want to push the performance to the limits of hardware so that blockchains and traditional cloud computing servers can work together.

    MegaETH has a lot of unique features, such as high transaction throughput, a lot of computing power, and, most importantly, response times in milliseconds even when the load is high. Developers can build and compose the most demanding applications without limits with MegaETH.

    The project has secured substantial backing, raising $107.68M in total funding, including seed rounds led by Dragonfly and a community round. Notable supporters include Ethereum co-founder Vitalik Buterin, ConsenSys founder Joseph Lubin, and EigenLayer founder Sreeram Kannan.

    Ongoing
    Confirmed

    MegaETH Airdrop Details

    The MegaETH Terminal Program has ended, and wallet delegation is now open ahead of reward distribution. You have until June 10th to lock in your selections before all profile changes and wallet choices are frozen.

    How to Participate in Potential MegaETH Future Airdrops

    Step 1: Visit the Rabbithole

    Go to the MegaETH Rabbithole and connect your wallet. Rabbithole is the central hub for discovering live apps, bridging assets, and tracking ecosystem events on MegaETH.

    Step 2: Fund Your MegaETH Wallet

    You need ETH on MegaETH for gas fees. Choose one of these funding methods:

    • Bridge: Transfer ETH from another chain using the built-in Bridge on Rabbithole
    • Fund directly: Deposit from a CEX, your bank, or via card through the Fund option on Rabbithole

    Step 3: Acquire USDm

    USDm is MegaETH’s native dollar-pegged stablecoin used across ecosystem apps. Unlike standard stablecoins, USDm generates yield that supports the ecosystem. Swap ETH for USDm using the Swap feature on Rabbithole or purchase it directly on Kumbaya.

    Step 4: Explore Featured Apps

    Rabbithole’s Featured Apps page highlights projects across three categories:

    • Live Now: Apps ready to use today
    • Coming Soon: Upcoming launches to watch
    • Marching Forward: Projects in earlier development stages

    Browse the featured page regularly and interact with live applications as they launch. Early usage across multiple apps could strengthen your position for future $MEGA allocations.

    Step 5: Interact With Live Ecosystem dApps

    Use your funded wallet to engage with live applications on MegaETH. Provide liquidity, trade, or complete tasks within featured apps. Diversify your activity across different protocols rather than focusing on a single application.

    Step 6: Monitor the TGE KPI Dashboard

    Track MegaETH’s progress toward token launch on the TGE KPI Dashboard. The dashboard shows real-time KPI metrics tied to USDm buybacks and Proximity Markets — the two core value drivers that determine when $MEGA TGE occurs.

    Latest Update: MegaETH Terminal Program Concludes, Wallet Delegation Now Live

    The Terminal Program has ended and wallet delegation is open, with all profile changes and wallet selections locking after June 10. Check your eligibility at the Terminal portal, then complete two steps before the deadline:

    1. Select the wallet that will receive your rewards
    2. Subscribe with your email to get reward release updates

    Final points counted only apps that were live and earning points before the Terminal sunset announcement on May 21, along with broader activity across the Mega ecosystem. Eligibility is based on real activity across Mega and Terminal apps; Sybil accounts (coordinated, duplicated, or automated wallets) are disqualified.

    If you think there’s an issue with your eligibility, reach the team on the MegaETH Discord.

    MegaETH Mainnet Wave 1 Incentives Live (Ended)

    MegaETH has launched Wave 1 of its mainnet incentives. At the end of the season, eligible participants receive rewards based on their activity, with KYC and sanctions screening applicable.

    How to Participate

    1. Visit the MegaETH Terminal and connect your wallet and X account
    2. Bridge funds to MegaETH via Rabbithole to interact with apps
    3. Create your Terminal Profile — the first wallet you connect becomes your Main Wallet and serves as your profile ID, while any additional wallets you add act as sub wallets sharing the same profile and boosters
    4. Interact with apps featured on the Terminal. Activity is measured weekly with a cutoff every Tuesday at 12am UTC, and three apps are highlighted each week. Some apps earn points while others appear only for discoverability.
      Recommended apps to start with:

        • Swap tokens or provide liquidity on Prism
        • Purchase eSIM credits via Ubitel
        • Use GMX to trade perps or provide liquidity for yield
        • Try leveraged trading up to 1000x on HitOne

    Boosters and NFT Clan Pledging

    Boosters amplify your weekly base points and stack into a multiplier. They are awarded based on retroactive and proactive alignment with the ecosystem rather than through in-program actions.

    Pledge to NFT clans weekly to raise your booster, stacking up to three NFTs at once. Six clans are currently available: Bad Bunnz, WCNetizens, Meganacci, Magalio, MINIMINDS, and Legends of Breadio, with more to be added.

    Important Terms

    USDm: MegaETH’s native dollar-stablecoin that fuels ecosystem applications. Unlike typical stablecoins, USDm generates yield that supports the broader MegaETH ecosystem.

    Rabbithole: The official MegaETH ecosystem frontend where users discover apps, bridge assets, swap tokens, and track ecosystem events.

    Proximity Markets: One of two core value drivers for the $MEGA token alongside USDm buybacks, used as a KPI metric for determining TGE timing.

    Frequently Asked Questions

    Did MegaETH already launch its token?

    Yes. $MEGA went live on April 30, 2026, after MegaETH cleared its first KPI milestone (10 Mega Mafia apps live on mainnet).

    Wait, didn’t Terminal end early?

    It did. MegaETH pulled the Terminal points program on May 21, a full month before the original June 23 end date. The team said the points system had done its job, took a final activity snapshot, and is folding Terminal’s features into Rabbithole so everything lives on one chain.

    How do I claim my Terminal rewards?

    Rewards are paid in USDm, scaled to your accumulated points plus a final supplemental distribution for people who actually used the apps. To get paid, you have to designate the wallet that receives your rewards.

    The deadline is June 10, 2026. Head to the Terminal, connect the account you farmed with, and select your payout address before then. Miss it and you’re leaving the USDm on the table. After the claim window closes, Terminal’s functions migrate into Rabbithole.

    Conclusion

    The MegaETH farming window is closed. Terminal shut down early on May 21, the snapshot is taken, and the only thing left to do is claim.

    If you put in activity during Season 1, your move right now is simple: go to the Terminal, connect your farming wallet, and lock in your payout address before June 10, 2026. Rewards land in USDm, sized to your points. Skip the deadline and you forfeit them.

    You're interested in more projects that do not have any token yet and could potentially airdrop a governance token to early users in the future? Then check out our list of potential retroactive airdrops to not miss out on the next DeFi airdrop!

    Funding

    $107.68M

    Difficulty

    Beginner

    Cost to Farm

    Free

    Overview