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MegaETH Token Launch with Co-Founders Shuyao and Lei

Bankless

Bankless

Tech News, Technology, News

4.71.2K Ratings

🗓️ 30 April 2026

⏱️ 56 minutes

🧾️ Download transcript

Summary

$MEGA token is live, but the bigger story is what the launch says about the future of L2s. Co-Founders Shuyao and Lei join Bankless to unpack why MegaETH tied its TGE to app milestones, why USDM and proximity markets could become core revenue streams, and how the team is thinking about appchains, AI agents, security, and Stage 2 decentralization. --- 📣SPOTIFY PREMIUM RSS FEED | USE CODE: SPOTIFY24 https://bankless.cc/spotify-premium --- BANKLESS SPONSOR TOOLS: 🔮POLYMARKET | #1 PREDICTION MARKET https://bankless.cc/polymarket-podcast 🟦 COINBASE ONE | GET 20% OFF https://bankless.cc/coinbase-one 🧭OKX | TRADE, EARN, PAY https://app.okx.com/join/USBANKLESS 🦊 METAMASK | DOWNLOAD NOW https://go.metamask.io/BL-Pod-Download 🌐BRIX | EMERGING MARKET YIELD https://bankless.cc/brix 💰NEXO | YIELD + CREDIT LINE https://bankless.cc/nexo --- TIMESTAMPS 0:00 MegaETH Reaches TGE: KPIs and Milestones 3:10 The 10 Apps That Unlocked Launch 8:12 Composability for New Crypto Apps 11:22 World Markets as MegaETH’s Liquidity Hub 14:13 USDM and the First Revenue Stream 15:59 Co-Location, Low Latency, and Proximity Markets 19:40 Proximity Markets vs. MEV 22:13 Revenue and Token Value Accrual 25:15 Ethereum Decentralization as a KPI 27:40 Token Unlocks and Launch Supply 30:31 Terminal, Incentives, and Flux 32:28 MegaETH vs. Appchains 38:31 Could MegaETH Support Polymarket Scale? 41:12 AI Agents on a Fast, Cheap Chain 47:23 KelpDAO, Arbitrum, and L2 Decentralization 55:38 Life After TGE --- RESOURCES Shuyao Kong https://x.com/hotpot_dao Lai Yang https://x.com/yangl1996 --- Not financial or tax advice. See our investment disclosures here: https://www.bankless.com/disclosures

Transcript

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0:00.0

Bankless Station, we are here with Shuiyau and Lay two of the three co-founders of Mega-Eath on the day of their token launch.

0:09.7

Big day. Are you guys, you guys nervous?

0:12.0

Yeah, so we shouldn't suppose to say, we shouldn't say nervous because when the podcast is out, it's no longer nervous.

0:19.4

But yeah, for now, yes, it is.

0:21.2

Yeah, we're recording this a day and a half ahead of actual token release date, so we

0:25.5

actually don't know what the conversation is at the time.

0:29.2

But the quick timeline here is you guys have done a series of just like kind of private

0:34.1

token sales.

0:35.4

You guys did an echo sale.

0:36.5

You guys did an NFT sale.

0:38.5

And so there are some like token holders out there that are awaiting the TGE.

0:43.4

And then they're really the thing that the Mega ETH project did was it did these KPI locks.

0:50.7

Can you just talk about the philosophy about the KPI metrics that you guys put yourself

0:55.8

behind before we could ultimately get to this date? Why do that in the first place? And then

1:01.1

seemingly since there is a TGE date, we've hit them. How did we hit them? What's just the health

1:06.8

of all the KPIs and talk to us about just the road so far? I'll throw this one to you to start. You know, I was going to say that I'm so excited that we're finally TG. I think unlike most projects, right, you launch the main night, you TG, kind of just get it over with and your baby is out in the public. I think for us, it's like the baby is there, but no one is able to see it.

1:29.0

And then we're finally able to reveal the baby via this token, which I believe token is not a

1:35.3

product. Token is part of the infrastructure. I think the TG itself kind of marks the completeness of

1:41.2

mega as a protocol. But to answer your question directly, why did we set up

1:46.2

these KPIs, right? And the more often I say the word KPI, the more weird feeling I have,

1:55.1

because they're like to sound so strict, but they're really celebratory milestones instead of

1:59.4

KPIs. The idea was rather simple.

...

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