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MegaETH TVL Jumps to $66.48M One Week After Mainnet Launch
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MegaETH TVL Jumps to $66.48M One Week After Mainnet Launch
MegaETH, Ethereum’s Layer 2 solution, saw a 65% increase in its TVL one week after its mainnet launch, reaching approximately $66.48 million as of February 16. The initial TVL right after the debut was $40.3 million. Most of the network’s assets are stablecoins, with MegaUSD (USDM) reaching a market cap of $99.2 million, a 56% increase over the week. Bridged assets account for about $122 million in TVL. Kumbaya, MegaETH’s decentralized exchange,…
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