Ecosystem Valuation Shift - The industry is moving beyond transaction fees to value ecosystems based on their ability to generate revenue [1] - General-purpose chains are limited, with Hyperliquid and MegaETH highlighted as examples [1] Stablecoin TVL and Revenue Potential - Stablecoin TVL internalization at 4% and 8% yields significantly increases revenue for most chains compared to the status quo [2] - Even with conservative estimates, the potential revenue from internalized stablecoin TVL is substantially higher than current levels for many chains [2] Value Leakage and Revenue Streams - Current systems leak value to entities like Circle instead of benefiting users within the ecosystem [3] - Companies are focusing on converting traditional value leaks into revenue streams, starting with stablecoins and proximity markets [3][4] MegaETH and L2 Perceptions - MegaETH is identified as an L2 solution with significant committed capital [4] - There is skepticism about L2s, with some questioning their ability to justify the level of investment they attract [4]

We chose cap for a reason here btw.The goal is to start off our ecosystem covering the gamut of value leakage.Cap is from Mafia and will the premier yield-bearing stable on Mega, pairing nicely with USDm (non-yield bearing).Users get options. Ecosystem grows.cap (@capmoney_):Would you look at that.Prioritized allocation to those who have been participating in the Cap Frontier Program 🏔️Positive-sum alignment creates positive-sum outcomes 🐰 🤝 🧢 https://t.co/y2cWfxPAte ...

Partnerships & Integrations - MegaETH 与 Chainlink 合作，推出首个原生数据流 Oracle [1] - MegaETH 与 Ethena Labs 合作，推出首个原生稳定币 USDm [1] - MegaETH 与 Redstone DeFi 合作，实现最快的推送 Oracle [1] Technological Advancements - 行业领先的合作伙伴正在加强与 MegaETH 的创新合作 [1] - MegaETH 推出原生、实时数据流 [1] - 该集成结合了传统链上 Oracle 的安全性和流数据的即时性 [1]

Partnership Overview - Lombard Finance partners with MegaETH Labs as their primary BTC partner, a potentially significant move [1] - The partnership is mutually beneficial, strengthening MegaETH's asset-layer credibility and bolstering Lombard's $LBTC fundamentals [4] - The partnership represents a strategic alignment between an ecosystem aiming for category leadership [4][5] MegaETH Ecosystem - MegaETH is building for mainstream adoption beyond the DeFi-native crowd, differentiating itself from other ecosystems [1] - MegaETH's native stablecoin $USDm, backed by BlackRock's $BUIDL tokenised treasuries, signals institutional confidence [2] - $USDm is strategically designed to deliver an unmatched user experience (UX) [2] Lombard Finance's Positioning - Lombard Finance aims to be a category-defining protocol for native BTC-Fi on MegaETH [3] - Lombard has demonstrated scaled adoption backed by institutional-grade security and transparent Proof of Reserves (PoRs) [3] - This partnership marks a pivotal shift for Lombard, scaling into the vast Bitcoin capital markets [7] Potential Benefits - Yield covers sequencer costs, lowering transaction fees [6] - Integration across MegaETH reduces reliance on transaction fees as the core revenue model [6]

🏦 DeFi Brief:Ethena integrates USDe with Binance (spot pairs, collateral, Earn). MegaETH + Ethena team up to launch USDm, MegaETH’s native stablecoin. Rabby launches Perps on Hyperliquid. Based App Store debuts for trading tools + automation.5/6 https://t.co/TNSgE5hV9z ...

I asked DeFi Dave for his take on the Ethena x MegaETH $USDm announcement & how it affects his stablecoin protocol.He was pretty damn bullish... https://t.co/AIELhRLjOn ...

Stablecoin & Seigniorage - MegaETH is utilizing seigniorage, similar to the US Federal Reserve, to potentially reduce costs [1] - Ethena generates revenue through USDtb reserves, primarily backed by BlackRock's BUIDL fund, USDC, and USDT, having already provided $25 million in revenue [2] - MegaETH's USDm stablecoin aims to redirect seigniorage earnings from its reserves into sequencer operations [3] Market & Revenue Potential - USDm will compete with USDT0 and cUSD, potentially capturing around 7% of MegaETH's stablecoin market share [4] - With a short-term total stablecoin market cap on MegaETH between $3 billion and $5.8 billion, USDm supply could reach $210 million to $400 million [5] - At a 4.5% BUIDL yield, USDm could generate $10 million to $20 million annually for the network [5] - MegaETH has the potential to generate revenue comparable to Arbitrum ($20 million annually) by issuing a native stablecoin [5]