bread.mega@bread_
This chart validates the structural model of MegaETH.
It is one of very few chains that combines tech with new paradigm value accrual.
Amongst Chains
DeFi TVL: 33rd
Transaction Fees: 27th
Holder Rev: 7th (!)
Holder revenue is classified as "subset of revenue that is distributed to token holders by means of buyback and burn, burning fees or direct distribution to stakers"
(Holder rev isn't a perf category for what we have but it's the best current approximation for other chains)
We had the pleasure of working with Ethena to launch USDm on MegaETH day 0. It is the native stablecoin of our eco from which the MegaETH Foundation collects rewards from, and has committed to use such revenue for buybacks with
Today, despite being a very young ecosystem with (~33rd in DeFi TVL) we're already 7th (!) as a chain which routes value back to its ecosystem.
As the ecosystem grows, so too does the value, and you can see a world where we very easily reach top 3 (top flip Solana at ~$450k you'd only need to be ~12th in stablecoin supply [~$800M USDm])
Lots of work to be done to match the mature ecosystems out there, but we have the right team to do it.
Very excited for the next few months and what we can showcase.
