MegaETH Mainnet Launch: Eight Must-See dApps

Author: Amir Ormu, Crypto KOL; Translator: Felix, PANews

MegaETH announced the official launch of its mainnet on February 9th and introduced the 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 summarizing eight potential projects in its ecosystem. Details are as follows.

MegaETH has recently garnered significant attention, 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 people are 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 "tap-tap" games in the trading space. From slot machines to last year's Hamster frenzy, it's proven that humans are naturally drawn to clicking on anything that promises value. The problem with these games is that most are not designed for long-term development, attracting only those who want quick rewards. Currently, most such games have fewer than 100,000 users, while Hamster at its peak had over 300 million. Most current trading apps are simply copying each other: the same functionality, just a different logo. People trade to make money, without any emotional experience, which is precisely the problem Euphoria aims to solve. If trading becomes fun, more people will participate. Platforms like Memecoin and Polymarket have proven one point: the platform that wins the market is not the most feature-rich platform, 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. This real-time interaction would be impossible without the performance support of MegaETH. Euphoria is one of MegaETH's top projects, having raised over $7 million in funding from top venture capital firms such as Santiago R. Santos and Robot Ventures. Euphoria is currently being tested on the testnet, with participation limited to 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 key areas: It targets risk-averse investors seeking safe, sustainable returns without risk. It also targets DeFi native users seeking 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 concluded, attracting over 45,000 users, and the team anticipates even more joining in the future.

3. Bad Bunnz

Bad Bunnz is the most well-known NFT brand on MegaETH. The team has been working quietly behind the scenes, rising from a relatively unknown player in the ecosystem to become a PFP (Professional Provider Platform) supported by some of MegaETH's most influential figures. Even just by remaining loyal, they received 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 has risen from obscurity to become a PFP project supported by MegaETH's core circle.

Bad Bunnz is the most well-known NFT brand on MegaETH. The team has risen from being relatively unknown to becoming a PFP project supported by MegaETH's core circle.

Even simply remaining loyal can earn you a token allocation worth over $10,000 in the $MEGA token sale (based on a pre-market final value of $4 billion). They have evolved from mere PFP collectibles into a true ecosystem: Faster: A fair launch platform incubated by Bad Bunnz; Paw: (Not yet announced); Prism: A community-driven DEX on MegaETH. Given the attention, partnerships, and reputation Bad Bunnz has built, they are poised to launch one of the largest projects in the ecosystem. 4. CAP CAP uses smart contracts with built-in parameters that require entities generating yield to exceed a specific threshold to receive funding and earn yield for the protocol and its USD stablecoin. They are solving one of the biggest problems in the yield stablecoin space: the problem of governance controlled by DAOs or centralized giants. CAP replaces trust in people with code; 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 yield threshold set by the smart contract (including hedge funds, RWA, market makers, etc.) Restakers: Provide security by re-staking ETH; supporting violating operators will result in slashing. 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 penalized. All operations are executed autonomously by an agent without human intervention. Currently, cUSD is listed on Ethereum, with a TVL exceeding $200 million, and an event is underway where users can earn CAP by supporting the protocol. This event will end in a few months, but may end early if certain metrics are met. However, frankly, it feels a bit late now, as early depositors have already earned most of the returns. It's best to wait for MegaETH to launch and see what new incentives they will offer to new users. 5. legend.trade Legend, incubated by GTE, is the first TVT (trader-to-trader) platform to turn the marketplace into an arena where skill, not capital, determines victory. Legend borrows from video game models. You're no longer trading alone in a room, but entering a battlefield to compete against top traders. You can trade Memecoin, stablecoins, or perpetual contracts through GTE's unified asset architecture. Your Legend profile syncs across Web, iOS, and Telegram. Early alpha versions and an upcoming NFT minting program are also available. 6. HelloTrade HelloTrade is the latest project incubated by MegaMafia. It's 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're not actually operating on-chain. A positive sign: the founders are two former BlackRock cryptocurrency directors 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's an AI-driven online museum dedicated to collecting, preserving, and managing 3D models of all human architecture—essentially a living archive of all human buildings. Their goal is to compile the material memory 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 a truly long-term future. 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, this project is integrating AI functionality. 8. World Markets World Markets is an innovative exchange natively built on MegaETH, integrating spot trading, perpetual contracts, and lending. World Markets' biggest advantage lies in low-collateral lending. Most lending dApps rely on over-collateralization, while World Markets leverages MegaETH's real-time nature to instantly track all your spot, futures, and lending positions across the entire ecosystem. If one position loses while another gains, the system can instantly offset them, allowing you to borrow using spot collateral and active positions. It is still in the theoretical verification stage, but it is one of the most interesting experiments.