News linked to both this project and an event.
MegaETH has completed its first Key Performance Indicator (KPI), with 10 "Mega Mafia" applications officially launched within its ecosystem, and will conduct its TGE on April 30.It is reported that MegaETH previously linked its token release mechanism to actual business performance, rather than a traditional time-based unlock model. The first KPI required applications to demonstrate real user interaction capabilities, including conditions such as cumulative trading volume exceeding 100,000 transactions within 30 days for a single application, which has now been achieved. A co-founder of MegaETH stated that this move aims to ensure the network has real use cases and economic circulation before the token issuance, rather than relying solely on market expectations.Currently, the MegaETH ecosystem has incubated approximately 30 projects, covering areas such as stablecoin payments, yield tokenization, and on-chain lending. The total supply of MEGA tokens is 10 billion, with 53.3% to be gradually released based on subsequent KPIs. (The Block)
According to The Block, Brix—a startup focused on tokenizing emerging-market assets—has announced a $5.5 million funding round. Participants include Yapi Kredi’s venture capital arm, FRWRD, IS Asset Management, and crypto investment firms Circle Ventures, ConsenSys, and Borderless Capital. Brix plans to launch on the MegaETH network, aiming to bring traditionally institutional trading strategies—such as Turkish lira arbitrage—on-chain.