MegaETH Launches MEGA Token on Major Exchanges

MegaETH, an Ethereum Layer 2 scaling network designed for high-performance execution, launched its MEGA token on April 30, 2026, across major cryptocurrency exchanges after achieving its first key performance indicator.

The token generation event followed a seven-day countdown triggered when 10 ecosystem applications, known as Mega Mafia apps, went live and demonstrated real user interactions tied to the network's native stablecoin, USDM. MegaETH announced the launch on X with the statement, "MEGA Now Trading," noting that tokens were distributed to users by 7 a.m. ET. Trading began simultaneously on platforms including Binance, KuCoin, Bitget, Bybit, OKX, MEXC, Gate, and others, with Coinbase International listing MEGA futures. Initial trading saw prices fluctuate between roughly 0.10 and 0.22, implying a fully diluted valuation near 1.65 billion based on the fixed 10 billion token supply and a circulating market cap around 200 million.

MEGA features a total supply capped at 10 billion tokens, with 53.3 percent allocated to performance-based rewards linked to network milestones rather than traditional time-based vesting. This structure ties future unlocks to metrics such as...