MegaETH announces its core features and TGE mechanism for its token MEGA, which will buy back MEGA through USDM revenue and introduce a bidding system to enhance trading speed. The TGE will occur after three performance milestones are reached, with 20% of tokens allocated to Echo users and others on the first day.

Foresight News Report: On-chain trading platform GMX will expand to MegaETH and is scheduled to launch in early February. Users will be able to trade BTC, ETH, and SOL contracts with a maximum leverage of 100x, and support one-click trading and TWAP orders. Liquidity is provided by a unilaterally GLV treasury, which holds USDM (MegaETH's native yield-bearing stablecoin).

PANews January 20 News, according to MegaETH official announcement, its mainnet will launch on January 22, starting with a 7-day global stress test aimed at processing 11 billion transactions and achieving 15,000 to 35,000 TPS. During the test, multiple on-chain interactive applications will be launched to test the system's stability under high load. The mainnet will then officially open, with the first batch integrating USDM-driven DeFi and consumer applications.

The Aava community proposed an ARFC to deploy Aave V3 on MegaETH. The initial token list includes btc.b, ETH, USDM, cUSD, and iTRY. Aave Labs will also receive 30 million points from MegaETH to incentivize market distribution.

Odaily Planet Daily News: Aave Labs has initiated an ARFC proposal on the governance forum, proposing to deploy Aave V3 on the MegaETH chain to support bridged btc.b, ETH, USDM, USDT0, cUSD, iTRY, wstETH, ezETH, rsETH, USDe, sUSDe, stcUSD, as well as native

MegaETH officially announced that it will refund all funds raised through the pre-stored bridge, as the execution did not meet expectations. The refund process will be distributed as soon as possible after a new smart contract audit. At the same time, the conversion bridge for exchanging USDC to USDM will be reopened to increase liquidity before the Mainnet launch.

BlockBeats news, on November 25, according to official news, MegaETH announced that the USDm limit has been raised to 1 billion USD, and the bridge will open at 0:00 Beijing time tomorrow, but the limit has apparently been preemptively seized. The team originally planned to carry out the limit increase operation through pre-signed transactions and execute it at a specified time to ensure the event starts on time. However, the team did not realize that any signed transaction can be broadcast by anyone. It is suspected that the encryption Large Investors @chudeth exploited this loophole to execute the limit increase operation in advance, completing the distribution of USDm ahead of time. Meanwhile, the total limit has been modified to 500 million USD, and more than 483 million USD of the limit has already been distributed.

ChainCatcher message, CBB posted on X platform stating that CBB Cartel has deposited 25.5 million USDm to participate in Monad public sale.

MegaETH announced that it will open the USDm pre-storage channel today at 22:00, with a limit of 250 million USD. Users can obtain USDm Tokens in December. The cross-chain bridges will be launched on November 25, allowing Ethereum USDC to be exchanged for Mega Mainnet USDm.

According to BlockBeats, on November 20, MegaETH announced the launch of a pre-deposit cross-chain bridge, allowing Ethereum USDC to be exchanged cross-chain for Mega Mainnet USDm, with a limit of USD 250 million, starting on November 25.