MegaETH’s MEGA Debuts on 13 Exchanges; 11.3% Circulating and FDV ≈ $1.5B

first published 2026-04-30T12:11:42Z

MegaETH triggered a token generation event after 10 ecosystem apps met its first KPI, minting a fixed 10 billion MEGA supply with 53.3% allocated to performance-based staking rewards. The protocol’s native stablecoin USDM (co-developed with Ethena) saw supply grow from ~$62.9M to over $300M during the launch. MEGA began trading on major exchanges (Binance, KuCoin, Bitget) at the scheduled start time, and the MegaETH Foundation intends to use USDM revenue to accumulate MEGA.

AI Analysis

Listing on major exchanges and a token generation event are market-moving facts; MEGA has a fixed 10B supply and 53.3% tied to KPI-linked staking rewards, USDM supply rose from ~$62.9M to >$300M during the launch, and the foundation will use USDM revenue to accumulate MEGA — all facts in the summary.

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