Tuesday, January, 21, 2025

MegaETH Mainnet Launches Today as Token Release Awaits Key Targets

MegaETH launches its mainnet with gasless onboarding via Infinex, while the MEGA token remains delayed until key adoption milestones are met.
MegaETH
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Areeba Rashid

Areeba Rashid is a dedicated crypto news writer with a passion for making complex topics accessible to everyone. She covers the latest developments in the crypto world, including in-depth price analysis, helping readers stay informed and make sense of market trends.
  • MegaETH mainnet launches today, but the MEGA token awaits strict adoption-driven milestones.
  • Infinex integration enables gasless first transactions, boosting early MegaETH user activity.
  • MEGA token unlock depends on USDM growth and app activity, shifting focus from speculation.

MegaETH’s long-awaited mainnet is set to go live today on Feb 9, 2026. The launch marks a major step for the Ethereum Layer-2 network. However, the MEGA token will not debut yet. The team has tied the token release to strict ecosystem milestones.

The rollout also includes integration with Infinex’s crypto super app. This enables users to transact on MegaETH for the first time without incurring gas costs. The team seeks to lower user onboarding hurdles and increase early network usage. 

The MegaETH development team confirmed that the mainnet rollout will happen on schedule. The rollout occurs simultaneously with the superapp features. The features allow users to transact gaslessly on MegaETH-based apps.

Focus Shifts to Activity Over Token Launch

A Web3 commentator, wyck, pointed out the importance of today’s launch. He mentioned on X that the absence of a token generation event means that the focus is now on user activity. He added that market attention is still focused on the performance, not the price, of the tokens.

MegaETH is a real-time scaling solution for Ethereum. It is a network that processes transactions in no time. It is also a high-capacity environment for applications that require quick confirmations.

Despite the mainnet launch, the MEGA token is not expected to be launched today. The launch of the token is subject to specific targets. The targets include $500 million in USDM minted or 10 apps exceeding 100,000 transactions.

Also Read: MegaETH Launches Stress Test Before Mainnet Rollout, Aims for Historic Transaction Volume

The requirement shows that MegaETH wants adoption before releasing the token. The approach removes early speculation from the rollout. It places importance on real usage and ecosystem development instead of price momentum.

MegaETH to Use USDM Growth for MEGA Purchases

The MegaETH Foundation previously stated that the network will use revenue from its USDM stablecoin to accumulate MEGA. The team intends to conduct buybacks through routine purchases. They also stressed that USDM will function as the central asset across the MegaETH ecosystem.

According to the foundation, major applications built on MegaETH will use USDM as their primary settlement layer. As activity increases, USDM usage is expected to expand. This expansion will guide MEGA accumulation through the platform’s planned buybacks.

Last week, the team released additional performance conditions for unlocking more than half of the MEGA supply. These conditions include maintaining at least $500 million in USDM in circulation for 30 days. They also require the launch of 10 applications on MegaETH.

Another condition is the requirement for at least three applications to generate $500,000 in fees over consecutive days. The tokens cannot enter circulation until they meet all these conditions.

With today’s mainnet launch, MegaETH is entering a stage of growth based on real users. The release of MEGA tokens will depend on the pace of achievement for these defined metrics.

Also Read: Tether Invests in t-0 Network to Transform Instant Cross-Border Payments

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