MegaETH

Latest Update: MegaETH Mainnet Wave 1 Incentives Live

MegaETH has launched Wave 1 of its mainnet incentives, with Season 1 running from April 28 to June 23, 2026 (8 weeks). At the end of the season, eligible participants receive rewards based on their activity, with KYC and sanctions screening applicable.

How to Participate

1. Visit the MegaETH Terminal and connect your wallet and X account
2. Bridge funds to MegaETH via Rabbithole to interact with apps
3. Create your Terminal Profile — the first wallet you connect becomes your Main Wallet and serves as your profile ID, while any additional wallets you add act as sub wallets sharing the same profile and boosters
4. Interact with apps featured on the Terminal. Activity is measured weekly with a cutoff every Tuesday at 12am UTC, and three apps are highlighted each week. Some apps earn points while others appear only for discoverability.
   Recommended apps to start with:
   • • Swap tokens or provide liquidity on Prism
     • Purchase eSIM credits via Ubitel
     • Use GMX to trade perps or provide liquidity for yield
     • Try leveraged trading up to 1000x on HitOne

Boosters and NFT Clan Pledging

Boosters amplify your weekly base points and stack into a multiplier. They are awarded based on retroactive and proactive alignment with the ecosystem rather than through in-program actions.

Pledge to NFT clans weekly to raise your booster, stacking up to three NFTs at once. Six clans are currently available: Bad Bunnz, WCNetizens, Meganacci, Magalio, MINIMINDS, and Legends of Breadio, with more to be added.

How to Participate in Potential MegaETH Future Airdrops

Step 1: Visit the Rabbithole

Go to the MegaETH Rabbithole and connect your wallet. Rabbithole is the central hub for discovering live apps, bridging assets, and tracking ecosystem events on MegaETH.

Step 2: Fund Your MegaETH Wallet

You need ETH on MegaETH for gas fees. Choose one of these funding methods:

• Bridge: Transfer ETH from another chain using the built-in Bridge on Rabbithole
• Fund directly: Deposit from a CEX, your bank, or via card through the Fund option on Rabbithole

Step 3: Acquire USDm

USDm is MegaETH’s native dollar-pegged stablecoin used across ecosystem apps. Unlike standard stablecoins, USDm generates yield that supports the ecosystem. Swap ETH for USDm using the Swap feature on Rabbithole or purchase it directly on Kumbaya.

Step 4: Explore Featured Apps

Rabbithole’s Featured Apps page highlights projects across three categories:

• Live Now: Apps ready to use today
• Coming Soon: Upcoming launches to watch
• Marching Forward: Projects in earlier development stages

Browse the featured page regularly and interact with live applications as they launch. Early usage across multiple apps could strengthen your position for future $MEGA allocations.

Step 5: Interact With Live Ecosystem dApps

Use your funded wallet to engage with live applications on MegaETH. Provide liquidity, trade, or complete tasks within featured apps. Diversify your activity across different protocols rather than focusing on a single application.

Step 6: Monitor the TGE KPI Dashboard

Track MegaETH’s progress toward token launch on the TGE KPI Dashboard. The dashboard shows real-time KPI metrics tied to USDm buybacks and Proximity Markets — the two core value drivers that determine when $MEGA TGE occurs.

Tips for Maximizing MEGA Allocation

Diversify Across Multiple dApps: Interact with several live applications rather than concentrating activity in one. Broad ecosystem engagement often carries more weight in activity-based distributions.

Stay Active on Rabbithole: Check the Featured Apps page frequently. New apps move from “Coming Soon” to “Live Now” regularly, and early interaction with freshly launched projects can be advantageous.

Hold USDm in Your Wallet: Since USDm powers most MegaETH ecosystem apps and generates yield, maintaining a balance signals genuine ecosystem participation.

Important Terms

USDm: MegaETH’s native dollar-stablecoin that fuels ecosystem applications. Unlike typical stablecoins, USDm generates yield that supports the broader MegaETH ecosystem.

Rabbithole: The official MegaETH ecosystem frontend where users discover apps, bridge assets, swap tokens, and track ecosystem events.

Proximity Markets: One of two core value drivers for the $MEGA token alongside USDm buybacks, used as a KPI metric for determining TGE timing.

Frequently Asked Questions

Did MegaETH already launch its token?

Yes. $MEGA went live on April 30, 2026, after MegaETH cleared its first KPI milestone (10 Mega Mafia apps live on mainnet).

Can I still earn MEGA after the TGE?

Yep. Season 1 of the Terminal Points program runs through June 23, 2026 — 8 weeks total. Activity is measured weekly with a Tuesday 12am UTC cutoff. Underneath that, 53.3% of total MEGA supply is locked behind KPI staking emissions that haven’t fully unlocked yet, so longer-term participation still matters.

What about Fluffle NFTs and Clan boosters?

The Fluffle mint closed in February 2025 — that 5% allocation is locked with 50% unlocked at TGE, the rest vested 6 months. Active boosters now come from the six Clans: Bad Bunnz, WCNetizens, Meganacci, Magalio, MINIMINDS, and Legends of Breadio. Pledge weekly to up to three Clans at once for compounding multipliers on your Season 1 base points.

What is USDm and why does it matter?

USDm is MegaETH’s native yield-bearing stablecoin, co-developed with Ethena. Supply jumped from $62.9M to over $300M during launch week. The MegaETH Foundation uses USDm yield to buy back MEGA, so stablecoin growth directly creates buy pressure on the token. Holding USDm is also required to interact with most apps on Rabbithole.

Conclusion

Season 1 runs until June 23. Bridge ETH to MegaETH via Rabbithole, swap into USDm, interact with apps like Prism, GMX, Ubitel, and HitOne. Pledge to a Clan for the booster multiplier. The activity-based rewards still have seven weeks to play out, and current participation is much smaller than it’ll be by closing week.