The MegaETH mainnet is online, here are eight dApps you can't miss.

Author: Amir Ormu, Crypto KOL

Compiled by: Felix, PANews

On February 9, MegaETH announced the official launch of its mainnet and introduced the ecosystem frontend The Rabbithole, which supports users in discovering applications, cross-chain transactions, and asset exchanges while receiving ecosystem notifications. On the occasion of the mainnet launch, crypto KOL Amir Ormu published an article reviewing eight potential projects within its ecosystem. Below are the details.

MegaETH has recently attracted significant attention, but most people’s understanding of this blockchain is limited to the Fluffle NFT sale, the oversubscribed public token sale, or the $250 million pre-sale that sold out in less than a minute.

However, most people only see the surface excitement of MegaETH and overlook its dApp ecosystem. Many are even unaware that this "real-time blockchain" has already birthed many genuine applications.

This article condenses hours of research into a 10-minute read, guiding you through eight potential dApps you must know before the MegaETH TGE.

1. Euphoria

Euphoria is an evolved version of "tap-tap" games in the trading space. From slot machines to last year's Hamster (Hamster Run) craze, it has been proven that humans are naturally inclined to click on anything that promises value. The problem with these games is that they are mostly not designed for long-term development, attracting only "reward chasers" who disappear once the rewards are gone. Currently, most of these games have fewer than 100,000 users, while Hamster peaked at over 300 million.

Most trading applications today are mere copies of each other: the same features, just a different logo. People trade to make money, devoid of 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 thing: the market is won not by the most complex platforms but by those that resonate most with ordinary users.

Euphoria combines years of popular tap-tap experiences with trading and gamification elements, making it a true game-changer.

Such real-time interaction would not be possible without the performance support of MegaETH. Euphoria is one of MegaETH's top projects, having raised over $7 million in funding from top venture capitalists, including Santiago R Santos and Robot Ventures.

Currently, Euphoria is in testing on the testnet, limited to select members. If you want to try it, you can visit the official website to join the waitlist.

2. Blackhaven

Blackhaven aims to become the Digital Asset Treasury (DAT) of the MegaETH ecosystem, designed to continuously absorb $MEGA through various financial instruments. It is supported by a diversified on-chain yield asset portfolio, aimed at generating sustainable returns and serving as the core liquidity engine of the MegaETH ecosystem.

The design of Blackhaven focuses on two parts:

For risk-averse investors who seek safe, sustainable returns without taking on risks.
For DeFi-native users who want unique risk/reward strategies.

Blackhaven is entirely community-centric, with 80% of the tokens allocated to the community. The team includes the former growth lead of OlympusDAO, the founder of AlfaDao (one of the most well-known cryptocurrency DAOs), and former contributors from SushiSwap.

Their early access campaign has ended, attracting over 45,000 users, and the team expects more users to join in the future.

3. Bad Bunnz

Bad Bunnz is the most well-known NFT brand on MegaETH. The team has been quietly working behind the scenes, rising from the ecosystem's underdogs to becoming a PFP supported by the most influential figures in MegaETH. Just by staying loyal, users can receive a token allocation worth over $10,000 in the $MEGA token sale (based on a pre-launch final value of $4 billion).

Bad Bunnz is the most recognized NFT brand on MegaETH. The team has transformed from an initial "small transparent" project to a PFP project supported by the core circle of MegaETH. Just by staying loyal, users can receive a token allocation worth over $10,000 in the $MEGA token sale (based on a pre-launch 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 public)
Prism: A community-oriented DEX on MegaETH.

Given the attention, partnerships, and reputation that Bad Bunnz has built, it is believed they will launch one of the largest projects in the ecosystem.

4. cap

CAP uses smart contracts with built-in parameters that require entities generating yields to exceed specific thresholds to receive funding and earn yields for the protocol and its USD stablecoin.

They are addressing one of the biggest issues in the yield stablecoin space: the governance problem controlled by DAOs or centralized giants. CAP replaces trust in people with code, enforcing governance entirely through smart contracts.

The CAP system includes three main participants:

Minters: cUSD holders (can be exchanged 1:1 for USDC/USDT)
Operators: Must meet the yield threshold set by the smart contract (including hedge funds, RWA, market makers, etc.)
Restakers: Provide security by restaking ETH; if they support a non-compliant operator, they will be penalized (slashed).

In short: Users deposit USDC/USDT → Mint cUSD at a 1:1 ratio → Stake cUSD → Earn yields. cUSD can be redeemed at any time, as it is fully backed by USDC/USDT. Operators borrow funds to run yield strategies → Share profits with cUSD holders based on CAP's benchmark yield. Stakers bear the risk and may be slashed. All operations are executed by autonomous agents with no human intervention.

Currently, cUSD has launched on Ethereum, with a TVL exceeding $200 million, and an activity is underway where users can earn CAP by supporting the protocol. This activity will end in a few months, and it may conclude early if certain metrics are met.

But to be honest, it feels a bit late now, as early depositors have already reaped most of the rewards. It might be best to wait for the MegaETH launch to see what new incentives they will offer to new users.

5. legend.trade

Legend, incubated by GTE, is the first TVT (Trader vs. Trader) platform that turns the market into an arena, where the outcome is determined by skill rather than capital size.

Legend draws inspiration from video game models. You are no longer trading alone in a room but entering a battlefield to compete with top traders. You can trade Memecoins, stablecoins, or perpetual contracts through GTE's unified asset architecture.

Your Legend profile can sync across Web, iOS, and Telegram. Additionally, there is an early alpha version and an upcoming NFT minting plan.

6. HelloTrade

HelloTrade is the latest project incubated by MegaMafia, a platform that allows trading various markets (stocks, commodities, ETFs, cryptocurrencies) with leverage of up to 10 times. Unlike traditional stock markets, this operates on-chain 24/7. Thanks to MegaETH's real-time network, its hybrid architecture makes users feel as if they are not operating on-chain.

A positive signal: the founders are two former cryptocurrency directors from BlackRock, who assisted in launching 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 supported by Binance Labs and incubated by MegaMafia. It is an AI-driven online museum dedicated to collecting, preserving, and managing 3D models of all human architecture, essentially a living archive of all human constructions.

Their goal is to compile material memories from around the world: temples, towers, ruins, houses. You can think of it as the Wikipedia of human architecture. They have collected nearly 1,000 digitized buildings, and this number continues to grow.

I believe this is a project with immense potential and genuine long-term development prospects. Consider that NFTs with no practical use are valued at tens of thousands of dollars, while a project preserving human memory has an obvious potential value. Additionally, the project is integrating AI functionalities.

8. World Markets

World Markets is an innovative exchange built natively on MegaETH, integrating spot trading, perpetual contracts, and lending.

The biggest advantage of World Markets is low collateral lending. Most lending dApps rely on over-collateralization, while World Markets leverages MegaETH's real-time features to instantly track all your spot, futures, and lending positions across the ecosystem. If one position incurs a loss while another profits, the system can instantly offset, allowing you to use spot collateral and active positions for lending. It is still in the theoretical validation stage, but it is one of the most interesting experiments.

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