Author: Amir Ormu, Crypto KOL
Compiled by: Felix, PANews
Original Title: MegaETH Mainnet Launched, Listing Eight dApps You Can't Miss
On February 9, MegaETH announced the official launch of its mainnet and introduced the ecosystem frontend The Rabbithole, which supports users in discovering applications, cross-chain transactions, exchanging assets, and receiving ecosystem notifications. On the occasion of the mainnet launch, crypto KOL Amir Ormu published an article listing eight potential projects in its ecosystem. Below are the details.
MegaETH has been in the spotlight recently, but most people's understanding of this blockchain is limited to the Fluffle NFT sale, the oversubscribed public token sale, or the $250 million pre-staking that sold out in less than a minute.
However, most people only see the surface-level excitement of MegaETH and overlook its dApp ecosystem. Many are not even aware that many real applications have already been born on this "Real-time Blockchain."
This article condenses hours of research into a 10-minute read, introducing you to eight potential dApps you must know before the MegaETH TGE.
1. Euphoria
Euphoria is an evolution of "tap-tap" games in the trading field. From slot machines to last year's Hamster craze), it has been proven that humans are naturally inclined to tap on anything that promises value. The problem with such games is that most are not designed for long-term development and attract only airdrop hunters who leave as soon as rewards dry up. Currently, most such games have fewer than 100,000 users, while Hamster peaked at over 300 million.
Most current trading applications are copies of each other: the same features with a different logo. People trade to make money, with no emotional experience, which is exactly what Euphoria aims to solve.
If trading becomes fun, more people will participate. Memecoin and Polymarket have proven that the platforms that win the market are not the ones with the most complex features, but those that resonate most with ordinary users.
Euphoria combines the tap-tap experience that has been popular for years with trading and gamification elements, making it a true game-changer.
This real-time interaction would not be possible without the performance support of MegaETH. Euphoria is one of the top projects on MegaETH, having raised over $7 million from top VCs including Santiago R Santos and Robot Ventures.
Euphoria is currently being tested on the testnet, with access limited to certain members. If you want to try it, you can visit the official website to join the waitlist.
2. Blackhaven
Blackhaven aims to become the Digital Asset Treasury (DAT) of the MegaETH ecosystem. Its architecture is designed to continuously absorb $MEGA through various financial instruments. It is supported by a diversified portfolio of on-chain yield-generating assets aimed at producing sustainable returns and serving as the core liquidity engine of the MegaETH ecosystem.
Blackhaven's design focuses on two parts:
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For risk-averse investors who want safe, sustainable returns without taking on risk.
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For DeFi-native users who seek unique risk/reward strategies.
Blackhaven is entirely community-centric, with 80% of the tokens allocated to the community. The team includes the former Growth Lead of OlympusDAO, the founder of AlfaDao (one of the most well-known crypto DAOs currently), and a former SushiSwap contributor.
Their early access event has ended, attracting over 45,000 users. The team has indicated that they expect more users to join in the future.
3. Bad Bunnz
Bad Bunnz is the most well-known NFT brand on MegaETH. The team has been working diligently behind the scenes, rising from an underdog in the ecosystem to a PFP project supported by the most influential figures in MegaETH. Even just maintaining loyalty could earn a token allocation worth over $10,000 in the $MEGA token sale (based on a pre-launch final valuation of $4 billion).
Bad Bunnz has evolved from a simple PFP collection into a true ecosystem:
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Faster: A fair launch platform incubated by Bad Bunnz
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Paw: (Not yet disclosed)
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Prism: A community-oriented DEX on MegaETH.
Given the attention, partnerships, and reputation that Bad Bunnz has built, it is believed they will launch one of the largest projects in the ecosystem.
4. cap
CAP uses smart contracts with built-in parameters that require yield-generating entities to exceed specific thresholds to obtain funds and generate returns for the protocol and its dollar stablecoin.
They are addressing one of the biggest issues in the yield stablecoin space: the problem of DAOs or centralized giants controlling governance. CAP replaces trust in people with trust in code, with governance entirely enforced by smart contracts.
The CAP system involves three main participants:
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Minters: cUSD holders (redeemable 1:1 for USDC/USDT)
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Operators: Must meet the yield threshold set by the smart contract (including hedge funds, RWA, market makers, etc.)
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Restakers: Provide security by restaking ETH and face slashing if they support non-compliant operators.
In short: Users deposit USDC/USDT → Mint cUSD at a 1:1 ratio → Stake cUSD → Earn yield. cUSD can be redeemed at any time as it is fully backed by USDC/USDT. Operators borrow funds to run yield strategies → Share profits with cUSD holders based on CAP's benchmark yield. Stakers bear the risk and may be slashed. All operations are executed by autonomous agents without human intervention.
cUSD is already live on Ethereum with a TVL exceeding $200 million, and there is an ongoing campaign where users can earn CAP by supporting the protocol. The campaign will end in a few months, and it may end early if certain metrics are met.
But honestly, it feels a bit late now, as early depositors have already captured most of the rewards. It might be better to wait for the launch of MegaETH and see what new incentives they roll out for new users.
5. legend.trade
Legend, incubated by GTE, is the first TVT (Trader vs. Trader) platform that turns the market into an arena where skill, not capital, determines the outcome.
Legend draws inspiration from video game models. Instead of trading alone in a room, you enter a battlefield to compete with top traders. You can trade Memecoins, stablecoins, or perpetuals through GTE's unified asset architecture.
Your Legend profile syncs across Web, iOS, and Telegram. Additionally, there is an early alpha version and an upcoming NFT minting plan.
6. HelloTrade
HelloTrade is the latest project incubated by MegaMafia, a platform that allows trading of various markets (stocks, commodities, ETFs, cryptocurrencies) with leverage of up to 10x. Unlike traditional stock markets, it operates on-chain 24/7. Thanks to MegaETH's real-time network, its hybrid architecture makes users feel like they are not operating on-chain.
A positive signal: The founders are two former BlackRock crypto directors who helped launch the fastest-growing spot Bitcoin ETF in history. They have raised $4 million led by Dragonfly.
7. Funes
Funes is the first MegaETH dApp to receive support from Binance Labs and is incubated by MegaMafia. It is an AI-powered online museum dedicated to collecting, preserving, and managing 3D models of all human architecture, essentially a living archive documenting all human-built structures.
Their goal is to compile the material memory of the world: temples, towers, ruins, houses. You can think of it as a Wikipedia for human architecture. They have already collected nearly 1,000 digitized buildings, and the number is growing.
Personally, I believe this is a project with huge potential and genuine long-term prospects. Consider that NFTs with no practical use are worth tens of thousands of dollars; the potential value of a project preserving human memory is self-evident. Additionally, the project is integrating AI features.
8. World Markets
World Markets is an innovative exchange natively built on MegaETH, integrating spot trading, perpetual contracts, and lending.
World Markets' biggest advantage is low-collateral borrowing. Most lending dApps rely on over-collateralization, while World Markets leverages MegaETH's real-time特性 to instantly track all your spot, futures, and lending positions across the entire ecosystem. If one position is losing money and another is profitable, the system can instantly offset them, allowing you to borrow using spot collateral and active positions. It is still in the proof-of-concept stage, but it is one of the most interesting experiments.
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