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MegaETH is nearing its token generation event after crossing the first milestone in the KPI based release schedule tied to the MEGA token.
The network said 10 Mega Mafia apps are now live on MegaETH, which started a seven day countdown to the token launch and puts the timeline on track for next Thursday, April 30.
MEGA TGE
APRIL 30, 2026 pic.twitter.com/XmtJdhEA8y
— MegaETH (@megaeth) April 23, 2026
The milestone reflects MegaETH’s broader effort to tie token emissions to measurable network growth instead of a fixed unlock calendar. The project previously said 53.3% of MEGA’s total supply would be released over time as staking rewards linked to four top line KPI goals, including ecosystem traction and growth in USDM, the network’s native stablecoin.
MegaETH said the 10 live apps were not counted on launch alone. To qualify, each app had to show a functioning core loop with real user activity and generate more than 100,000 total transactions over a 30 day period. Another KPI requires at least three MegaETH apps to generate at least $50,000 in daily fees for 30 consecutive days.
Co founder Shuyao Kong said the team wanted the token to act as an accelerant for an ecosystem built around new onchain primitives rather than launch on a purely arbitrary date. She said the network’s next phase is about seeing whether the system can sustain and expand itself after years spent building the underlying infrastructure.
The Mega Mafia program has been central to that strategy. MegaETH has incubated around 30 applications through the initiative, with financial backing from firms including Anagram, GSR, Kraken Ventures, Maven11, Robot Ventures, and Wintermute, as well as angel investors such as Vitalik Buterin and Kain Warwick. MegaETH’s website currently lists live ecosystem apps including CAP, Avon, Euphoria, and others building on the chain.
Disclosure: This article was edited by Estefano Gomez. For more information on how we create and review content, see our Editorial Policy.
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