NDW.mega 🏰🐍

yo, bro bing is sorry we've been quiet over the past 10 days, I’ve heard a consistent piece of feedback from the community: why is the mega core team so quiet? that observation is fair. We have been quiet, and the silence feels eerie for a team that prides itself on building in public. what’s happening behind the scene is that there were several things the ecosystem needed to ship before we felt comfortable being loud again. one example is the bridge. we discovered issues that required deeper fixes than we initially expected, and once we understood the scope, we decided to address them thoroughly. specifically, we are working on a true 1:1 bridge solution to complement multiple low-slippage options listed on Rabbithole another factor is our apps, which are literally breaking every obstacles imaginable and full speeding heading toward public launch (frfr). i know many die hard community memebers have tried them, and are giving feedbacks. to outsiders, it's true that not much progress has been updated so this is my attempt at changing it. btw, i dont have to stress this more but most mega apps are novel, and all of them are essentially money-apps. this means that even the smallest change can trigger deeper questions about risk, liquidity, ux change, and that means a much longer timeline ( often time surprisingly) @brix_money is working directly with Turkish regulators to bring iTRY onchain and enable the TL carry trade. The process involves regulatory engagement, banking partnerships, market maker coordination, and the development of settlement infrastructure that connects traditional finance with onchain systems. The team has started working with major banks in Turkey. The next step before rollout is to finalise the ops around settlement. @SupernovaLabs_ is building the first and fastest CLOB-based rates exchange for trading and hedging economically important numbers that don’t have liquid spot markets, starting with interest rate and FX. Their private beta achieves avg $300m in daily notional trading volume, totaling $10B+ in trading volume already. They are in active conversation with prime brokerage and institutions to bring more liquidity. Last but not least, they just onboarded ex head of growth at Ethena as an investor and advisor. @worldmarketsinc has been building a truly-onchain DEX (no asterisks) with functionality akin to FTX. Mega enables not only their matching engine but also the ATLAS risk engine, so users can “do more with their money.” Unlike FTX, the team deliberately chose NOT to have any form of a backend. WM epitomizes crypto’s original ethos. Currently, they’re in the final sprint of optimising UI and seeding initial liquidity to open up to more users. @hitdotone has just opened access beyond private beta. It is one of the most fun consumer crypto app we've seen, and more importantly the most thoughtful money app. Hit does not make money when users lose. there is no cap on profits, and positions can be held indefinitely. Hit is built on real market liquidity. There is no algorithm deciding whether you win or lose. @Euphoria_fi just concluded its grand Tapathon, giving away a Rollie and a trip to London to a skilled Tap Trader who made $71k in paper money. This served as a stress test for their protocol and MegaETH, fully exposed to the creativity of real users. This pivotal phase now leads right into a fast-approaching mainnet launch. khalas, i’ve learned from the last 3 weeks that despite the core team being more locked in than ever, we should still communicate our progress to the public going forward, we will resume hosting regular Discord AMAs and Twitter Spaces so the community can hear from the team and from builders across the ecosystem. qed.

Today is my first day as Economics Lead at MegaETH. @megaeth’s approach to its onchain economy is a good match for my own, and I’ll be focused on helping MegaETH grow a thriving onchain economy that solves real problems for real people, companies, and organizations.

luma.com/ethglobal-cowo…