According to ChainCatcher, in response to community concerns about the slow progress of the MegaETH launch, GMX stated that since the MegaETH mainnet launched in the second week of February, the ecosystem development has been in a gradual launch phase. Currently, the on-chain TVL scale is still relatively limited, and most protocols are still in the testing and optimization phase.
GMX stated that its smart contract has been deployed on-chain, and the team is advancing several preparatory tasks, including ensuring initial liquidity is in place, improving the incentive design for liquidity providers (LPs) in the GLV [USDM-USDM] vault, optimizing the trading user experience, and collaborating with the DeFi protocol built on MegaETH to leverage composability advantages. However, the official launch date has not yet been determined, and it is expected to follow up as soon as MegaETH announces its next phase of ecosystem development plans.
