The MegaETH I subscribed to last year is finally having its TGE today—feels like a lifetime ago. Let’s take a quick look back at the project’s key details. 1/ TGE Info ◦ Exchange listing: Today’s TGE will simultaneously launch on Coinbase. Binance and OKX haven’t announced anything yet. ◦ Funding structure: No zero-cost airdrops; the most recent ICO subscription valuation was $1 billion. Token costs are relatively transparent. ◦ Lock-up mechanism: Lock-up periods are set for the team, investors, and community rounds. In the last ICO, over $100 million voluntarily chose a one-year lock-up. 2/ Application Ecosystem (Mafia Apps) Before the TGE, MegaETH set some KPIs, which have now been achieved. Previously, @hotpot_dao mentioned on a podcast that MegaETH’s high performance is designed for trading, and the current applications are primarily focused on trading: ◦ Beginner/High-frequency tier: hit.one, Euphoria. These focus on fun and high-frequency trading, showcasing MegaETH’s high-performance advantages in a straightforward way. ◦ Professional/Whale tier: - Brix: Introduces RWA yields, achieving 20%+ annualized returns through Turkish lira arbitrage. The underlying assets are managed by Turkey MMF and backed by investments from Circle and Turkey’s largest traditional bank. - WCM: A DEX designed for institutions. It uses unified margin and No ADL (no automatic deleveraging) mechanisms, adopting traditional financial risk controls to avoid cascading liquidations during extreme market conditions. Currently, Mafia Apps have raised over $70 million in funding, with investors including Paradigm, Dragonfly, Circle, and others. 3/ Native Stablecoin USDM ◦ Settlement core: All Mafia Apps use USDM for settlement and circulation. ◦ Positive cycle: The more users engage with the ecosystem, the more revenue USDM generates. ◦ Token empowerment: All revenue generated will be used to buy back MEGA. As applications go live, USDM has already started generating actual revenue, and the buyback plan is about to kick off. 4/ Farming Opportunities ◦ The recently launched MegaETH Terminal includes several key apps from the ecosystem. Users who interact with these apps can receive an airdrop of 2.5% of the total MEGA supply.