MegaETH Ends Mega Mafia Accelerator, Shifts to In-House Apps

The Ethereum scaling project MegaETH has ended its flagship startup accelerator program, Mega Mafia, after two years and two cohorts, shifting its strategy toward developing its own consumer applications. The decision was announced on July 16, 2026, by core team member Shuyao Kong, who stated the program was built on assumptions that no longer hold true for the ecosystem.

The accelerator, which launched in 2024, was designed to incubate early-stage teams building novel applications on the MegaETH network. It provided intensive support, with handpicked teams living and working alongside the core developers while receiving technical, managerial, and market-making assistance. Across its two cohorts, the program supported approximately 20 startups, which collectively went on to raise roughly $80 million in funding from pre-seed through Series A rounds.

Despite this success, Kong noted that the program failed to retain significant value within the MegaETH ecosystem. She explained that most of the incubated applications are no longer being built on the network, with several high-profile graduates choosing to develop on competing platforms. Global Token Exchange (GTE), a flagship...