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In today’s crypto update, Ethena saw its total value locked (TVL) drop from $14.8 billion to $7.6 billion, a reduction of more than 50% that highlights how tricky yield-bearing stablecoins can be. When markets grow, they grow fast. However, they contract just as quickly. USDe’s TVL dropped as traders exited looping strategies on platforms such … Read more
Key Takeaways MegaETH is launching a USDC bridge with a $250 million cap to facilitate USDM pre-deposits. Users who deposit USDC will receive a 1:1 USDM allocation and qualify for a rewards campaign. Share this article MegaETH today announced the launch of a USDC bridge with a $250 million cap for USDM pre-deposits. The bridge … Read more
The week of October 26 to November 1, generated $169.73 million in crypto funding across 13 projects. Summary Hercle led weekly funding with $60M, followed by MegaETH’s $49.95M sale. Total crypto funding hit $169.73M across 13 projects this week. Bron, ZAR, and Standard Economics also secured multi-million dollar rounds. As per the latest data, Hercle’s … Read more
It is true that every crypto project Vitalik Buterin, the co-founder of Ethereum, endorses turns to gold. ETH crypto is already a huge success and may underpin the future of finance. At the moment, all eyes are on the MegaETH layer-2. MegaETH crypto is not your ordinary project. Already, not only is the MegaETH presale … Read more
Key Takeaways MegaETH’s ICO was completed in under five minutes, raising nearly $50 million. The token sale valued MegaETH at $1 billion. Share this article MegaETH, a next-generation Ethereum Layer 2 (L2) blockchain designed for real-time performance with high throughput and low latency, saw its token sale oversubscribed within minutes, raising approximately $50 million at … Read more
Key Takeaways MegaETH’s community sale starts at a $1M FDV and uses a transparent English auction format. Hyperliquid’s MEGA pre-launch futures trade at a $5B implied valuation ahead of the token’s debut. Share this article MegaETH has unveiled details of its public sale, offering 5% of its token supply through an English auction on Sonar … Read more
Key Takeaways MegaETH has repurchased 4.75% of its equity and token warrants from pre-seed investors. The move marks a strategic shift toward community-driven funding, away from traditional venture capital models. Share this article MegaETH, a blockchain layer-2 project focused on real-time DeFi infrastructure, today repurchased 4.75% equity and token warrants from its pre-seed investors. The … Read more
Key Takeaways MegaETH, an Ethereum Layer 2 project, is said to be conducting a public initial coin offering (ICO) using Sonar, a platform created by prominent crypto influencer Cobie. MegaETH focuses on real-time transaction speeds by leveraging specialized databases and parallel execution for efficient blockchain state management. Share this article MegaETH, an Ethereum Layer 2 … Read more
Key Takeaways MegaETH launched USDm with Ethena to fund sequencer costs at yield and lower fees. USDm is backed by BlackRock’s tokenized Treasuries via Ethena’s USDtb stack. Share this article MegaETH has launched its first native stablecoin, USDm, developed in partnership with Ethena, as a way to reduce fees and restructure the network’s economic model. … Read more
Tornado cash has been ported to the newly launched MegaETH public testnet following the removal of sanctions against the protocol. The crypto privacy protocol Tornado Cash was ported to MegaETH testnet, as originally reported by The Block. Developer Gunboats named this new adaptation ETHTornado and said it was easy to port without changing the code. … Read more
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