Layer 2 Project MegaETH Launches MEGA Token

MegaETH launched the MEGA token, trading at $0.2 on major exchanges.

On April 30, the Layer 2 network MegaETH launched the MEGA token. The asset began trading on leading exchanges at approximately $0.2.

MEGA

Now Trading. pic.twitter.com/OVx62C0Fjs

— MegaETH (@megaeth) April 30, 2026

The coin’s release followed the achievement of the first planned on-chain activity milestone. On April 23, the team announced that 10 applications from the Mega Mafia ecosystem had launched and surpassed the target threshold.

Emerging market asset issuer @brix_money represents the next frontier of RWAs onchain.

Their first product, wiTRY, is a yield-bearing instrument for the Turkish lira. It’s the first of many assets the vast majority of the world struggles to access.

10/10 Mafia apps live. pic.twitter.com/dl7YJKmcDu

— MegaETH (@megaeth) April 23, 2026

The issuance of MEGA will total 10 billion tokens. A key feature is that a large portion of the supply is tied not to timeframes but to the achievement of specific metrics. Such conditional staking rewards account for 53.3% of the tokens.

MEGA trading commenced on several major platforms, including Binance, KuCoin, and Bitget. At the time of writing, the asset’s price stands at $0.1, according to TradingView. Following the listing, quotes fell by 21%.

Only participants of the Sonar Sale received the full amount of coins, while others in the rewards program received only a portion.

MegaETH is positioned as a high-performance scaling solution for Ethereum, focused on real-time on-chain applications and consumer scenarios.

The project aims for a throughput of 100,000 TPS and nearly instant finalization of operations. Current average daily figures are around 30 TPS.

MegaETH also has its own US dollar-pegged stablecoin USDm, supported by all applications in the ecosystem. As of last week, approximately 62.9 million coins were in circulation, about 13% of the rollup‘s stated goal of reaching 500 million in issuance.

The MegaETH Foundation intends to direct all revenues from the use of USDm towards the buyback and accumulation of MEGA.

Back in February, the L2 network team launched the public mainnet. Prior to this, the platform was in the testing phase for several months.

In October 2025, MegaETH conducted an ICO, raising $1.39 billion from the token sale.