Ethereum Layer 2 blockchain MegaETH has cleared the first of its three self-imposed performance hurdles and scheduled the token generation event (TGE) for its native MEGA token for April 30.
According to MegaETH's Road to TGE dashboard, all 10 Mega Mafia applications required under KPI-2 are now fully deployed on mainnet. These include stablecoin payments protocol Cap, DEX Kumbaya, onchain game Showdown, lending market Avon, decentralized telecom protocol Ubitel, World, Stomp, HitOne, Nectar AI, and yield tokenization platform Brix.
The milestone triggers a seven-day countdown to MEGA's launch, the team confirmed on X, ending a stretch of uncertainty that began when MegaETH went live in February without a fixed token launch date, instead tying issuance to three on-chain milestones: a $500 million circulating supply of its native USDM stablecoin with at least 25% deposited into smart contracts, 10 deployed Mafia apps with verified contracts and functioning core loops, or three apps generating $50,000 in daily fees for 30 consecutive days. Per the network's TGE FAQ, only one KPI needs to be hit to start the seven-day clock.
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