Author: Amir Ormu , Crypto KOL
Compiled by: Felix, PANews
Original title: MegaETH Mainnet Launch: Eight Must-Have dApps
MegaETH announced the official launch of mainnet on February 9th, along with the introduction of its ecosystem frontend, The Rabbithole, which allows users to discover applications, cross-chain transactions, exchange assets, and receive ecosystem notifications. To mark the mainnet launch, crypto KOL Amir Ormu published an article highlighting eight promising projects within its ecosystem. Details are as follows.
MegaETH has garnered significant attention recently, but most people's understanding of this blockchain is limited to the Fluff NFT sale, the oversubscribed public token sale, or the $250 million pre-deposit that sold out in less than a minute.
However, most people only see the surface-level excitement of MegaETH, ignoring its dApp ecosystem. Many are even unaware that numerous real-world applications have already emerged on this "real-time blockchain."
This article condenses hours of research into a 10-minute read, introducing you to 8 potential dApps you must know before MegaETH TGE.
1. Euphoria
Euphoria is an evolution of the "tap-tap" game in the trading world. From slot machines to last year's Hamster frenzy, it's proven that humans are inherently drawn to clicking on anything that promises value. The problem with these games is that most aren't designed for long-term growth, attracting only casual players who run away as soon as the rewards are gone. Currently, most of these games have fewer than 100,000 users, while Hamster peaked at over 300 million.
Most trading apps these days are just copies of each other: the same functionality, just a different logo. People trade to make money, without any emotional experience, which is exactly the problem Euphoria wants to solve.
If trading becomes engaging, more people will participate. Platforms like Memecoin and Polymarket have proven this: it's not the most feature-rich platform that wins the market, but the one that resonates most with ordinary users.
Euphoria combines the click-based experience that has been popular for years with trading and gamification elements, making it a true game-changer.
Such real-time interaction would be impossible without the performance support of MegaETH. Euphoria, one of MegaETH's top projects, has raised over $7 million in funding from top venture capital firms such as Santiago R. Santos and Robot Ventures.
Euphoria is currently being tested online, with limited participation from a select group of members. If you'd like to try it, you can join the waiting list on the official website.
2. Blackhaven
Blackhaven aims to become the digital asset vault (DAT) of the MegaETH ecosystem, with an architecture designed to continuously absorb $MEGA through various financial instruments. It is backed by a diversified portfolio of on-chain yield assets designed to generate sustainable returns and serve as the core liquidity engine of the MegaETH ecosystem.
Blackhaven's design focuses on two parts:
This targets risk-averse investors who seek safe, sustainable returns without taking on risk.
Targeting native DeFi users, who want unique risk/reward strategies.
Blackhaven is entirely community-centric, with 80% of its tokens allocated to the community. Team members include the former Head of Growth at OlympusDAO, the founder of AlfaDao (one of the most well-known cryptocurrency DAOs), and a former contributor to SushiSwap.
Their early access campaign has ended, attracting over 45,000 users, and the team says they expect even more to join in the future.
3. Bad Bunnz
Bad Bunnz is the most well-known NFT brand on MegaETH. The team has worked tirelessly behind the scenes, rising from a relatively unknown player in the ecosystem to a PFP backed by some of MegaETH's most influential figures. Even simply remaining loyal will earn you a token allocation worth over $10,000 in the $MEGA token sale (based on a pre-market final value of $4 billion).
Bad Bunnz is the most well-known NFT brand on MegaETH. The team rose from obscurity to become a PFP project supported by the MegaETH core community. Even simply remaining loyal can earn you a token allocation worth over $10,000 in the token sale (based on a pre-market final value of $4 billion).
They have evolved from simple PFP collections into a true ecosystem:
Faster: A fair launch platform incubated by Bad Bunnz
Paw: (Not yet disclosed)
Prism: A community-driven DEX on MegaETH.
Given the attention, partnerships, and reputation 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 entities generating revenue to exceed a specific threshold in order to receive funds and earn revenue for the protocol and its USD stablecoin.
They are solving one of the biggest problems in the yield stablecoin space: the issue of governance controlled by DAOs or centralized giants. CAP replaces trust in people with code, and governance is entirely enforced by smart contracts.
The CAP system comprises three main participants:
Minters: cUSD holders (can be exchanged for USDC/USDT at a 1:1 ratio)
Operators: Must meet the return threshold set by the smart contract (including hedge funds, RWA, market makers, etc.)
Restakers: Provide security by restaking ETH. If they support a violating operator, they will be slashed.
In short: Users deposit USDC/USDT → mint cUSD at a 1:1 ratio → stake cUSD → earn yield. cUSD is redeemable at any time because it is fully backed by USDC/USDT. Operators borrow funds to run yield strategies → share profits with cUSD holders based on the CAP benchmark yield. Stakers bear the risk and may be subject to forfeiture. All operations are executed autonomously by an agent without human intervention.
cUSD is currently listed on Ethereum, with a TVL exceeding $200 million, and an ongoing campaign allows users to earn CAP by supporting the protocol. This campaign will end in a few months, but may end earlier if certain metrics are met.
But to be honest, it feels a bit late now, as early depositors have already reaped most of the rewards. It's best to wait for MegaETH to launch and see what new incentives they'll offer for new users.
5. legend.trade
Legend, incubated by GTE, is the first TVT (trader-to-trader) platform to turn the market into an arena where skill, not capital, determines the outcome.
Legend borrows from video game formats. Instead of trading alone in a room, you enter a battlefield and compete against top traders. You can trade Memecoin, stablecoins, or perpetual contracts through GTE's unified asset architecture.
Your Legend profile can be synced across Web, iOS, and Telegram. In addition, there's an early alpha version and an upcoming NFT minting program.
6. HelloTrade
HelloTrade, the latest project incubated by MegaMafia, is a platform that allows trading in various markets (stocks, commodities, ETFs, cryptocurrencies) with leverage up to 10x. Unlike traditional stock markets, it operates 24/7 on-chain. Thanks to MegaETH's live network, its hybrid architecture makes users feel like they are not operating on-chain.
A positive sign: the founders are two former cryptocurrency directors at BlackRock, who helped launch the fastest-growing spot Bitcoin ETF in history. They have secured $4 million in funding led by Dragonfly.
7. Funes
Funes is the first MegaETH dApp to receive support from Binance Labs and be incubated by MegaMafia. It is an AI-driven online museum dedicated to collecting, preserving, and managing 3D models of all human-made architecture, essentially a living archive documenting all of humanity's architectural achievements.
Their goal is to compile the material memories of the world: temples, towers, ruins, houses. You can think of it as a Wikipedia of human architecture. They have already collected nearly 1,000 digitized buildings, and that number is constantly growing.
Personally, I believe this is a project with enormous potential and genuine long-term growth prospects. Consider that NFTs with no practical use are worth tens of thousands of dollars, so the potential value of a project that preserves human memories is self-evident. Furthermore, the project is integrating AI capabilities.
8. World Markets
World Markets is an innovative exchange built natively on MegaETH, integrating spot trading, perpetual contracts, and lending.
World Markets' biggest advantage lies in low-collateral lending. Most lending dApps rely on overcollateralization, while World Markets leverages MegaETH's real-time capabilities to instantly track all your spot, futures, and lending positions across the entire ecosystem. If one position incurs a loss while another is profitable, the system can immediately offset it, allowing you to borrow using spot collateral and active positions. Currently in the proof-of-the-art stage, it is one of the most interesting experiments.
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