bread.mega

Get your clawdbot agents ready for mainnet (Feb 9th). Put this together from best practices, low-latency implementations and official docs. Currently going through unit testing to find gaps - feel free to contribute before we create the official repo. github.com/0xBreadguy/meg…

@73lV_ It has quite literally not even been 2 full months since mainnet launched (45d)

@bread_ we keep hearing the next few months will be exciting but still nothing exciting

real talk i think MegaETH is playing the long game. not the best market to launch a token → makes sense. 
holding back mainnet incentives → also understandable. but setting KPIs right now? that’s where it kinda gets confusing because there’s not enough product depth yet to justify or meet those metrics. still… if they get the timing right,
they could bring a shift on current state of CT and how mainnet incentives + ICOs are done.

@RealAZKicks Sorry, I'm being a pedant because REV is a thing (and different from Holder rev). So "revs" by itself made me think of the first

@bread_ Your chart literally shows (incorrectly) holder revs my friend 😅

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.

It's not a malicious thing - it's just hard to categorize data accurately for the 973738 variations of ecosystems that we have. It's just like Mega - I had to create this because even when rewards are in place it's not likely to show up on this charge just because of the underlying structural setup (which is similar to HL's situation). Right now the HyperCORE isn't considered a "chain" and thus isn't included here

@high_fades @bread_ Happy to if they don't disingenuously use 'Justin Sun's personal enrichment' as the barometer for token holder revs 🫠🫠🫠 Pretending that Hype's $2-3m daily revs don't accrue to holders (when they're directly injected into the asset holders own) is insane

@DefiIgnas @shachikyoto Insanely sticky positioning

@bread_ @shachikyoto Yeah. Dumb retail pay up to 4 usd per tx

@_stevenhl Lmk if you need a line. I've been working with them for teams in our eco

@bread_ Sounds like I have some feedback to submit to Defillama. Thanks for figuring it out!

Alright, figured it out. Your chart is all holder revenue which takes place on that chain vs holder revenue of those chains (still imperfect for HL). So your Solana numbers include PUMP holder rev, for instance. Hyperliquid is one of the exceptions because it has (a very successful) first party app

@bread_ The data you're pulling is clearly inaccurate if it's saying that Hyperliquid has only generated $105K of holder revenue in the past 7 days. Looking at the defillama website for Holders Revenue by Chains, the numbers are very different from your chart?

@_stevenhl Hyperliquid fits in the "very few chains" category I called out. HL isn't fully there because DL distinguishes between L1 and Core and this is filtered to just chains. Link and screeny: defillama.com/holders-revenu…

@itsaz00 Can confirm.

after our first game we had a choice polish it or build the next one we chose to build because AveForge was never meant to be one game it’s an IP and we’re just getting started

@RealAZKicks Who said revs? Totally separate metric and one of many ways to value an ecosystem.

@bread_ This is a laughably stupid way to demonstrate revs

@shachikyoto It's all burns. I think their setup is unique though and it might not be appropriate to just consider it as user burned tx fees. @DefiIgnas would know

@bread_ Wow I wasn't even aware of holder revenue metric. Wtf is Tron doing to give soo much back to holders. I thought that chain is mostly used for stables.

@bandosei I'm also not naked sometimes

my fav thing about MegaETH is when everyone on CT pledged 6 figs thinking it would retire them just for a naked tattooed dude to take their money and lock it behind unreachable KPIs

@Reed02x They're all just chains dawg

@bread_ is just an l2 bro, pivot to Monad. L2s are dead. Token not needed

There is alpha even in the most unexpected places. Earn ~14% on your deposited ETH by using a leveraged spread trade on @aave. Here is how to do it [thread]:

@pickpo2 @playhuntertales Actually just got off a call with the team. They're not going anywhere, and neither are we

NFTs are showing positive signs, but what about the GameFi project @playhuntertales It was once hyped on MegaETH but is currently down over 350x. Are they making a comeback or is the project officially dead? @bread_ make mega gamefi great agains

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"poly i mean polymarket ofc, not polygon, etc" The definition of suffering from success for Polygon