MegaETH Airdrop » Terminal Rewards Paid, Program Ended

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Chain: Own chain, Ethereum, MegaETH

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Jump to steps Updated 30 Sep 2026 Checked 30 Sep 2026 · 6 steps

MegaETH Airdrop Details

The MegaETH Terminal Program ended early on May 21, 2026. Wallet delegation closed on June 10, 2026, and MegaETH said accounts that did not delegate a wallet forfeit their rewards. MegaETH sent the first USDm rewards on June 16, 2026 and the final round of doubled rewards on July 15, 2026, and said no action is required. MegaETH has not announced a new airdrop on its Telegram channel as of September 29, 2026.

How to Explore the MegaETH Ecosystem

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 two categories:

Live Now: Apps ready to use today
Marching Forward: Projects in earlier development stages

Browse the featured page regularly and interact with live applications as they launch.

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: Read the MEGA Token Page

$MEGA went live on April 30, 2026. The MEGA token page explains USDm buybacks, the planned Proximity Markets and KPI Rewards, which release MEGA to holders with committed positions when network milestones are reached.

Latest Update: MegaETH Terminal Rewards Paid

MegaETH ended the Terminal program early on May 21, 2026 and took a snapshot of user activity. Eligible participants received a share of the USDm rewards pool, based on their points and on activity that supported Mega. Wallet delegation on the Terminal portal closed on June 10, 2026. MegaETH sent the first USDm rewards on June 16, 2026, from $1M in total rewards. It sent the final round of doubled rewards to linked MOSS wallets on July 15, 2026 and said no action is required.

If you think there’s an issue with your eligibility, reach the team on the MegaETH Discord.

MegaETH Mainnet Wave 1 Incentives (Ended)

The Terminal incentive program (Season 1) ended on May 21, 2026. Rewards went to eligible participants based on their activity, and MegaETH said eligibility criteria, sanctions screening and KYC may apply.

How It Worked

Visit the MegaETH Terminal and connect your wallet and X account
Bridge funds to MegaETH via Rabbithole to interact with apps
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
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.

Users pledged to NFT clans weekly to raise their booster, stacking up to three NFTs at once. Six clans were available: Bad Bunnz, WCNetizens, Meganacci, Magalio, MINIMINDS, and Legends of Breadio.

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: A planned MegaETH feature that charges traders for low-latency access near the sequencer. MegaETH lists it next to USDm buybacks when it explains how MEGA powers the network.

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).

Wait, didn’t Terminal end early?

It did. MegaETH ended the Terminal points program early, on May 21, 2026. The team said the program had run its course, took a final activity snapshot, and is folding Terminal’s features into Rabbithole so everything lives on one chain.

How were Terminal rewards paid?

Rewards were paid in USDm to the wallet each account delegated on the Terminal by June 10, 2026. MegaETH sent the first set on June 16, 2026 and the final round of doubled rewards on July 15, 2026. MegaETH said Terminal’s main features would be merged with Rabbithole.

Conclusion

The MegaETH Terminal program is over. It ended early on May 21, 2026, wallet delegation closed on June 10, 2026, and the USDm rewards were paid in June and July 2026.

There is nothing left to do for Terminal rewards. MegaETH has not announced a new airdrop on its Telegram channel as of September 29, 2026.

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What is MegaETH?

MegaETH is a blockchain that works with EVM and brings Web2-level real-time performance to the crypto world for the first time. They want to push the performance to the limits of hardware so that blockchains and traditional cloud computing servers can work together.

MegaETH has a lot of unique features, such as high transaction throughput, a lot of computing power, and, most importantly, response times in milliseconds even when the load is high. Developers can build and compose the most demanding applications without limits with MegaETH.

The project has secured substantial backing, raising $107.68M in total funding, including seed rounds led by Dragonfly and a community round. Notable supporters include Ethereum co-founder Vitalik Buterin, ConsenSys founder Joseph Lubin, and EigenLayer founder Sreeram Kannan.