{"id":"megaeth","title":"MegaETH","content":"**MegaETH** is an [Ethereum](https://iq.wiki/wiki/ethereum) [Layer 2](https://iq.wiki/wiki/layer-2) (L2) [blockchain](https://iq.wiki/wiki/blockchain) designed to achieve high transaction speeds and low latency. It was built to [leverage](https://iq.wiki/wiki/leverage) extreme [node](https://iq.wiki/wiki/node) specialization, eliminating [block](https://iq.wiki/wiki/block) [gas](https://iq.wiki/wiki/gas) limits and unlocking continuous compute for developers. MegaETH also features a native [stablecoin](https://iq.wiki/wiki/stablecoin), [USDm](https://iq.wiki/wiki/megaeth-usdm), designed to subsidize network operational costs and provide stable, low transaction fees. MegaETH launched its native MEGA token on April 30, 2026, debuting at an approximately $2 billion market valuation. The token was subsequently listed on major centralized exchanges, including [Binance](https://iq.wiki/wiki/binance) and [Coinbase](https://iq.wiki/wiki/coinbase), which led to sharp price volatility. [\\[7\\]](#cite-id-TS6FErI8CudCV4di) [\\[8\\]](#cite-id-iVb32wAae4YDSTnc) [\\[9\\]](#cite-id-5V2IW8Zn5HmS3PhZ) USDm and the sequencer-subsidy model remain central to the project's economics, with public testnet performance achieving 10 ms block times and processing over 20,000 TPS. [\\[5\\]](#cite-id-QOsehwgpdwAhausL)​\n\n## Overview\n\nMegaETH is a high-performance [Ethereum](https://iq.wiki/wiki/ethereum) [Layer 2](https://iq.wiki/wiki/layer-2) solution, focusing on achieving fast transaction processing speeds and lower [block](https://iq.wiki/wiki/block) times than many existing blockchains [\\[2\\]](#cite-id-R2KcFWFM2s).\n\nThe project was first conceptualized in 2022 by [Yilong Li](https://iq.wiki/wiki/yilong-li), with development commencing in mid-2024 following initial fundraising. The core objective was to create a \"real-time [blockchain](https://iq.wiki/wiki/blockchain)\" capable of supporting [decentralized applications](https://iq.wiki/wiki/decentralized-application) (DApps) that require high throughput and responsiveness, such as those in [DeFi](https://iq.wiki/wiki/defi), GameFi, and SocialFi [\\[3\\]](#cite-id-rQ0a5BNm98). A key part of its economic design is the native stablecoin, [USDm](https://iq.wiki/wiki/megaeth-usdm), whose reserve yield is used to subsidize the sequencer's operating costs, aiming to replace traditional fee markups [\\[5\\]](#cite-id-QOsehwgpdwAhausL).\n\n## History\n\nMegaETH was conceptualized in 2022 by computer scientist [Yilong Li](https://iq.wiki/wiki/yilong-li). Li's idea was influenced by discussions around blockchain scaling, particularly a 2021 essay by [Vitalik Buterin](https://iq.wiki/wiki/vitalik-buterin) on centralized block production and a 2022 article on data availability layers [\\[4\\]](#cite-id-TrBUHHgUTZ). He co-founded the project with [Lei Yang](https://iq.wiki/wiki/lei-yang), who had previously contributed to the foundational research for [EigenLayer](https://iq.wiki/wiki/eigenlayer). Development began in mid-2024 following a successful 10 million on December 13, 2024, through a sale on [Cobie'](https://iq.wiki/wiki/cobie)s Echo platform.\n\nThroughout 2024, the project engaged its community with events like the World Computer Day at Bangkok Devcon on November 20. In early 2025, MegaETH raised further capital through a flagship NFT collection. The \"The Fluffe\" soulbound NFT collection was announced on February 5, 2025, with the first minting phase taking place on February 12-13, raising $30 million. The project's public testnet went live in March 2025, and on March 26, [Bitget](https://iq.wiki/wiki/bitget) Wallet announced native support, allowing users to interact with the high-speed test environment. Other initiatives included opening applications for the MegaMafia 2.0 accelerator program on April 23, 2025.\n\nA key strategic development occurred on September 8, 2025, when MegaETH announced its native stablecoin, [USDm](https://iq.wiki/wiki/megaeth-usdm), in partnership with [Ethena](https://iq.wiki/wiki/ethena) Labs. The stablecoin was designed to use yield from its reserves to subsidize network operational costs. On November 20, 2025, the team announced a pre-deposit window for USDm would open on November 25 with an initial cap of $250 million. The launch event on November 25 was plagued by technical difficulties. An outage with a third-party bridge provider and KYC system failures delayed the opening for up to an hour. Once deposits began, the $250 million cap was filled in minutes. A critical multisig configuration error (a 4-of-4 instead of a planned 3-of-4) then allowed a community member to prematurely execute a transaction to raise the deposit cap. This resulted in an uncontrolled surge of deposits that surpassed $400 million. The team halted the process after the cap reached $500 million, canceling a planned expansion to $1 billion and offering withdrawals to all participants while publishing a post-mortem of the incident.  [\\[2\\]](#cite-id-R2KcFWFM2s)  [\\[3\\]](#cite-id-rQ0a5BNm98) \n\n### Token Launch\n\nMegaETH launched its native MEGA token on April 30, 2026, with a debut market valuation of about $2 billion. The token was immediately listed on major centralized exchanges such as [Binance](https://iq.wiki/wiki/binance) and [Coinbase](https://iq.wiki/wiki/coinbase), which quickly led to significant price volatility. Notably, it experienced a 38% drop within the first 72 hours following the exchange announcements. The token generation event (TGE) capped a seven-day countdown beginning April 23, as MegaETH achieved its performance target of 100,000 transactions per day across multiple applications. The MEGA token is designed to serve as the primary currency within the MegaETH ecosystem, being especially integral to the network's proximity markets [\\[7\\]](#cite-id-TS6FErI8CudCV4di) [\\[8\\]](#cite-id-iVb32wAae4YDSTnc) [\\[9\\]](#cite-id-5V2IW8Zn5HmS3PhZ).\n\n## Technology and Performance\n\nMegaETH is designed as an EVM-compatible Layer 2 network, allowing existing [Ethereum](https://iq.wiki/wiki/ethereum) applications to potentially port over. Its primary focus is on achieving high-performance metrics [\\[4\\]](#cite-id-TrBUHHgUTZ).\n\nKey technical aspects and performance targets include:\n\n* Transaction Processing Speed (TPS): Aims for over 100,000 TPS. The public testnet has demonstrated over 20,000 TPS, while private testing reportedly achieved 15,000 TPS [\\[5\\]](#cite-id-QOsehwgpdwAhausL).\n* [Block](https://iq.wiki/wiki/block) Times: Targets sub-10 millisecond [block](https://iq.wiki/wiki/block) times, with a goal of reaching 1 millisecond for \"real-time\" performance. The public testnet has shown 10-millisecond block times [\\[2\\]](#cite-id-R2KcFWFM2s).\n* [Gas](https://iq.wiki/wiki/gas) Capacity: Aims for over 10 gigagas per second [\\[1\\]](#cite-id-kz5jkjf42o). Private testing showed usage of 1.5 gigagas, with plans that were set to double this with a proprietary parallelization engine [\\[4\\]](#cite-id-TrBUHHgUTZ).\n* Sequencer: Utilizes a single, centralized sequencer to minimize latency and maximize throughput. The sequencer posts [collateral](https://iq.wiki/wiki/collateral) that can be slashed if it acts maliciously, and a backup sequencer is planned [\\[4\\]](#cite-id-TrBUHHgUTZ).\n* Data Availability (DA): Outsourced to EigenDA, which is backed by [EigenLayer](https://iq.wiki/wiki/eigenlayer) restaking. This allows for higher bandwidth compared to posting data directly to [Ethereum](https://iq.wiki/wiki/ethereum) [blobs](https://iq.wiki/wiki/blobs) [\\[4\\]](#cite-id-TrBUHHgUTZ).\n* Network Structure: Includes a network of full nodes that update their states based on the sequencer, a network of provers for validity checks, and replica nodes that receive state differences (diffs) to update their states with lower hardware requirements.\n\n## Funding and Investors\n\n​[MegaETH](https://iq.wiki/wiki/megaeth) has conducted multiple fundraising rounds to support its development.\n\n* Seed Round: Raised $20 million on June 27, 2024. Notable investors included [Dragonfly](https://iq.wiki/wiki/dragonfly) Capital, [Vitalik Buterin](https://iq.wiki/wiki/vitalik-buterin), and angel investor Santiago R. Santos [\\[2\\]](#cite-id-R2KcFWFM2s).\n* Additional Funding: Raised another $10 million on December 13, 2024, through [Cobie'](https://iq.wiki/wiki/cobie)s Echo platform.\n* Public Token Sale: Occurred in April 2026 with the debut of the MEGA token, achieving a market valuation of approximately $2 billion [\\[7\\]](#cite-id-TS6FErI8CudCV4di).\n\n## The Fluffe NFT Collection\n\nOn February 5, 2025, the MegaETH team announced \"The Fluffe,\" a flagship soulbound (non-tradeable after minting) NFT collection. The collection consists of 10,000 humanoid rabbit NFTs.\n\n* Purpose: The NFT collection was launched as a method for public fundraising and to give the community \"meaningful skin in the game\" [\\[2\\]](#cite-id-R2KcFWFM2s).\n* Mint Details: The mint was whitelist-only. Each NFT cost 1 ETH to mint. The mint occurred in two phases.\n  * Phase 1: Started on February 12-13, 2025, with specific allocations for whitelist participants.\n  * Phase 2: Planned for an unconfirmed date \"a few months after the first phase.\"\n* Token Allocation: The team plans to [airdrop](https://iq.wiki/wiki/airdrop) at least 5% of [MegaETH](https://iq.wiki/wiki/megaeth)'s token supply to NFT holders [\\[2\\]](#cite-id-R2KcFWFM2s).\n\n## USDm Stablecoin\n\nOn September 8, 2025, MegaETH announced its native [stablecoin](https://iq.wiki/wiki/stablecoin), USDm, created in partnership with [Ethena](https://iq.wiki/wiki/ethena) Labs. The [stablecoin](https://iq.wiki/wiki/stablecoin), also referred to as MegaUSD, is designed as a core component of the network's economic model to power real-time applications and ensure low transaction fees.\n\n### Economic Model and Purpose\n\nThe primary purpose of USDm is to subsidize the operating expenses (OPEX) of MegaETH's sequencer. Instead of marking up transaction fees for profit, the network uses the yield generated from USDm's underlying reserves to cover these costs. This model is intended to provide users and developers with consistently low, sub-cent transaction fees and align incentives between the network and its participants [\\[5\\]](#cite-id-QOsehwgpdwAhausL).\n\n### Technical Infrastructure\n\nUSDm is built using Ethena's \"Stablecoin-as-a-Service\" infrastructure. The initial version of USDm is issued on Ethena's [USDtb](https://iq.wiki/wiki/usdtb) rails, meaning it is directly backed by Ethena's [USDtb](https://iq.wiki/wiki/usdtb) [stablecoin](https://iq.wiki/wiki/stablecoin).\n\nThe reserves backing USDm (via [USDtb](https://iq.wiki/wiki/usdtb)) are primarily held in BlackRock’s tokenized U.S. Treasury fund, [BUIDL](https://iq.wiki/wiki/buidl), which is managed on the [Securitize](https://iq.wiki/wiki/securitize) platform, and also include liquid stablecoins to facilitate redemptions.\n\n### Pre-Deposit Launch Incident\n\nOn November 25, 2025, MegaETH launched a pre-deposit window for USDm, allowing KYC-verified users from a prior token sale to deposit [USDC](https://iq.wiki/wiki/usdc). The launch faced operational issues, causing delays and an uncontrolled surge in deposits, surpassing $400 million before the process was halted at $500 million. The team offered withdrawals and published a post-mortem [\\[6\\]](#cite-id-yjbWpZfhwl6JYVmI).\n\n### MegaETH Pre-Deposit Bridge Refund\n\nOn November 27, 2025, MegaETH announced that it would return all funds from its Pre-Deposit [Bridge](https://iq.wiki/wiki/bridge). Citing execution issues and misalignment with community expectations, the team stated that refunds would follow a new smart contract audit, reaffirming USDm's role in the MegaETH economy.\n\n## Ecosystem and Use Cases\n\nMegaETH is EVM-compatible, allowing existing DApps to potentially migrate. The project aims to foster the development of new applications that [leverage](https://iq.wiki/wiki/leverage) its high speed and throughput capabilities.\n\n* **MegaMafia:** An accelerator program for early-stage founders building applications on MegaETH. Participants co-build with the core team and advisors during month-long offsites. Applications for MegaMafia 2.0 opened on April 23, 2025.\n* **Potential Applications:** The high performance is intended to unlock use cases not feasible on slower blockchains. Examples include high-frequency trading, institutional DeFi, and interactive gaming or streaming platforms.\n\n## Partnerships\n\nMegaETH has established partnerships to expand its reach and ecosystem.\n\n* **Bitget Wallet:** On March 26, 2025, [Bitget](https://iq.wiki/wiki/bitget) Wallet announced native integration of the [MegaETH](https://iq.wiki/wiki/megaeth) [testnet](https://iq.wiki/wiki/testnet), allowing users to explore MegaETH's growing ecosystem.\n* **Ethena Labs:** In September 2025, MegaETH announced a partnership with [Ethena](https://iq.wiki/wiki/ethena) Labs to create and issue its native [stablecoin](https://iq.wiki/wiki/stablecoin), USDm.\n\n## Team\n\n* [Yilong Li](https://iq.wiki/wiki/yilong-li) - Founder\n* [Namik Muduroglu](https://iq.wiki/wiki/namik-muduroglu) - Chief Strategy Officer (CSO)\n* [Shuyao Kong](https://iq.wiki/wiki/shuyao-kong) - Co-founder\n* [Lei Yang](https://iq.wiki/wiki/lei-yang)","summary":"MegaETH is a high-performance Ethereum Layer 2 blockchain featuring the USDm stablecoin and the MEGA token, designed for low-latency, high-throughput applications.","images":[{"id":"QmR2dkjY38cvCJwu8xk1E2NXgDK5SwnRmo7CWN2YzWuryX","type":"image/jpeg, image/png"}],"categories":[{"id":"projects-and-protocols","title":"projects-and-protocols"}],"tags":[{"id":"Layer2"},{"id":"Ethereum"},{"id":"Infrastructure"}],"media":[],"metadata":[{"id":"discord_profile","value":"https://discord.gg/megaeth"},{"id":"telegram_profile","value":"https://t.me/megaeth_labs"},{"id":"twitter_profile","value":"https://x.com/megaeth_labs"},{"id":"website","value":"https://www.megaeth.com/"},{"id":"github_profile","value":"https://github.com/megaeth-labs"},{"id":"references","value":"[{\"id\":\"kz5jkjf42o\",\"url\":\"https://www.megaeth.com/\",\"description\":\"MegaETH Official Website\",\"timestamp\":1750729041046},{\"id\":\"R2KcFWFM2s\",\"url\":\"https://www.coingecko.com/learn/what-is-megaeth\",\"description\":\"What Is MegaETH: The Ethereum L2 Backed by Vitalik Buterin | CoinGecko\",\"timestamp\":1750729041046},{\"id\":\"rQ0a5BNm98\",\"url\":\"https://www.globenewswire.com/news-release/2025/03/26/3049318/0/en/Bitget-Wallet-Adds-Native-Support-for-MegaETH-Testnet-Unlocking-High-Speed-Layer-2-Ecosystem.html\",\"description\":\"Bitget Wallet Adds Native Support for MegaETH Testnet\",\"timestamp\":1750729041046},{\"id\":\"TrBUHHgUTZ\",\"url\":\"https://cointelegraph.com/magazine/megaeth-launch-could-save-ethereum-but-at-what-cost/\",\"description\":\"MegaETH launch could save Ethereum… but at what cost?\",\"timestamp\":1750729041046},{\"id\":\"QOsehwgpdwAhausL\",\"url\":\"https://www.theblock.co/post/369786/megaeth-usdm-stablecoin\",\"description\":\"MegaETH launches native USDm stablecoin with Ethena\",\"timestamp\":1764130535043},{\"id\":\"yjbWpZfhwl6JYVmI\",\"description\":\"MegaETH Pre-Deposit Bridge Refund & USDm Liquidity Update (Nov 27, 2025)\",\"timestamp\":1764304782838,\"url\":\"https://x.com/megaeth/status/1994165259171397882\"},{\"id\":\"TS6FErI8CudCV4di\",\"url\":\"https://thedefiant.io/news/blockchains/megaeth-token-debuts-at-usd2-billion-valuation\",\"description\":\"MegaETH Token Debuts at $2 Billion Valuation - \\\"The Defiant\\\"\",\"timestamp\":1779933041374},{\"id\":\"iVb32wAae4YDSTnc\",\"url\":\"https://news.bitcoin.com/megaeth-token-mega-falls-38-in-72-hours-after-binance-and-coinbase-listings/\",\"description\":\"MegaETH Token MEGA Falls 38% in 72 Hours After Binance and Coinbase Listings\",\"timestamp\":1779933041374},{\"id\":\"5V2IW8Zn5HmS3PhZ\",\"url\":\"https://decrypt.co/366164/megaeth-token-launches-ethereum-layer-2-novel-rewards-system\",\"description\":\"MegaETH Token Launches as Ethereum Layer-2 Network's Novel Rewards System Is Tested\",\"timestamp\":1779933041374}]"},{"id":"previous_cid","value":"\"https://ipfs.everipedia.org/ipfs/QmQmvk7Q1cqi2HjJwKZ4JpzE9zChWcqukUtDYKBPHnK9Zd\""},{"id":"commit-message","value":"\"Updated tag defi to projects-and-protocols and removed MegaETH content\""},{"id":"previous_cid","value":"QmQmvk7Q1cqi2HjJwKZ4JpzE9zChWcqukUtDYKBPHnK9Zd"}],"events":[{"id":"7ae27362-bac8-46c1-9615-03b14091cea5","date":"2024-03-01","title":"MegaETH launch","type":"CREATED","description":"MegaETH was established by its cofounders in March 2024","link":"https://www.megaeth.com/","multiDateStart":null,"multiDateEnd":null,"continent":null,"country":null}],"user":{"id":"0x8af7a19a26d8fbc48defb35aefb15ec8c407f889"},"author":{"id":"0x8AF7a19a26d8FBC48dEfB35AEfb15Ec8c407f889"},"operator":{"id":"0x1E23b34d3106F0C1c74D17f2Cd0F65cdb039b138"},"language":"en","version":1,"linkedWikis":{"blockchains":["ethereum"],"founders":["shuyao-kong","lei-yang","namik-muduroglu","yilong-li"],"speakers":[]},"recentActivity":"{\"items\":[{\"id\":\"38a8ea1e-fdea-4780-8205-7d8e68b887e4\",\"title\":\"MegaETH\",\"description\":\"MegaETH is a high-performance Ethereum Layer 2 blockchain designed for high transaction speeds and low latency. It features a native stablecoin, USDm, which is used to subsidize network operational costs to maintain low transaction fees. \",\"timestamp\":\"2025-11-26T04:54:21.073Z\",\"category\":\"Wiki Update\",\"status\":{\"icon\":\"RiGlobalLine\",\"label\":\"Wiki Updated\",\"iconClassName\":\"text-green-500\"},\"user\":{\"name\":\"0x8AF7a19a26d8FBC48dEfB35AEfb15Ec8c407f889\",\"address\":\"0x88D5B28842B30b2Bc8E0839f7bcBb7798F080263\"},\"button\":{\"label\":\"View Summary\",\"icon\":\"RiFileTextLine\"},\"summarySections\":[{\"title\":\"Summary\",\"subtitle\":\"The summary was updated to highlight the native stablecoin, USDm, and its function in subsidizing network costs.\",\"variant\":\"modified\",\"changeCount\":1,\"changes\":[\"Updated the summary text to focus on the role of the USDm stablecoin.\"]},{\"title\":\"Tags\",\"subtitle\":\"Tags were updated, removing 'dapps' and 'Ethereum' and adding 'defi'.\",\"variant\":\"modified\",\"changeCount\":3,\"changes\":[\"Removed tag 'dapps'\",\"Added tag 'defi'\",\"Removed tag 'Ethereum'\"]},{\"title\":\"Media\",\"subtitle\":\"An image was removed from the wiki's media gallery.\",\"variant\":\"removed\",\"changeCount\":1,\"changes\":[\"Removed an image from the gallery.\"]},{\"title\":\"Introduction\",\"subtitle\":\"The introduction was updated to include information about the native stablecoin, USDm.\",\"variant\":\"modified\",\"changeCount\":1,\"changes\":[\"Added details about MegaETH's native stablecoin, USDm, and its role in subsidizing network costs and providing low transaction fees. [[\\\"11\\\"]](#cite-id-QOsehwgpdwAhausL)\"]},{\"title\":\"Overview\",\"subtitle\":\"The overview section was expanded with information on the USDm stablecoin and public testnet performance.\",\"variant\":\"modified\",\"changeCount\":2,\"changes\":[\"Added that a key part of the economic design is the native stablecoin, USDm, whose reserve yield subsidizes the sequencer's operating costs. [[\\\"11\\\"]](#cite-id-QOsehwgpdwAhausL)\",\"Included public testnet performance metrics, noting demonstrated block times of 10 milliseconds and processing over 20,000 TPS. [[\\\"11\\\"]](#cite-id-QOsehwgpdwAhausL)\"]},{\"title\":\"History\",\"subtitle\":\"The history section was significantly rewritten and expanded to include a detailed narrative of the project's development and the USDm stablecoin launch.\",\"variant\":\"modified\",\"changeCount\":4,\"changes\":[\"Rewrote the section from a milestone list to a narrative, including details on the project's conceptual origins and co-founders. [[\\\"5\\\"]](#cite-id-TrBUHHgUTZ)\",\"Added details about the fundraising through Cobie's Echo platform. [[\\\"11\\\"]](#cite-id-QOsehwgpdwAhausL)\",\"Added a new paragraph detailing the announcement of the native stablecoin USDm in partnership with Ethena Labs on September 8, 2025. [[\\\"11\\\"]](#cite-id-QOsehwgpdwAhausL) [[\\\"12\\\"]](#cite-id-0VjOjZ8P1tQIfsPj)\",\"Added an account of the turbulent pre-deposit launch for USDm on November 25, 2025, including technical difficulties, a multisig configuration error, an uncontrolled surge in deposits, and the team's subsequent response. [[\\\"13\\\"]](#cite-id-4UBfHkPFK2uRZd6d) [[\\\"14\\\"]](#cite-id-sJPmZ6JHW0xcmk7b) [[\\\"15\\\"]](#cite-id-1t2DSIJKxVc8hpYL)\"]},{\"title\":\"Technology and Performance\",\"subtitle\":\"Performance metrics were updated with data from the public testnet.\",\"variant\":\"modified\",\"changeCount\":2,\"changes\":[\"Updated 'Transaction Processing Speed (TPS)' to note that the public testnet demonstrated over 20,000 TPS. [[\\\"11\\\"]](#cite-id-QOsehwgpdwAhausL)\",\"Updated 'Block Times' to state the public testnet has shown 10-millisecond block times. [[\\\"11\\\"]](#cite-id-QOsehwgpdwAhausL)\"]},{\"title\":\"Funding and Investors\",\"subtitle\":\"The section was streamlined by removing subsections related to the NFT sale fundraising and total funds raised.\",\"variant\":\"modified\",\"changeCount\":2,\"changes\":[\"Removed the 'NFT Sale' subsection.\",\"Removed the summary line about the total funds raised by Q1 2025.\"]},{\"title\":\"USDm Stablecoin\",\"subtitle\":\"A new section was added to provide comprehensive details about the USDm stablecoin.\",\"variant\":\"added\",\"changeCount\":1,\"changes\":[\"Added a dedicated section for the USDm Stablecoin, detailing its announcement, economic model, technical infrastructure, and the pre-deposit launch incident. [[\\\"11\\\"]](#cite-id-QOsehwgpdwAhausL) [[\\\"12\\\"]](#cite-id-0VjOjZ8P1tQIfsPj) [[\\\"13\\\"]](#cite-id-4UBfHkPFK2uRZd6d) [[\\\"14\\\"]](#cite-id-sJPmZ6JHW0xcmk7b) [[\\\"15\\\"]](#cite-id-1t2DSIJKxVc8hpYL)\"]},{\"title\":\"Ecosystem and Use Cases\",\"subtitle\":\"Minor clarifications were made to the details of the MegaMafia accelerator program.\",\"variant\":\"modified\",\"changeCount\":1,\"changes\":[\"Updated the application details for the MegaMafia 2.0 accelerator program, clarifying dates and the interview process. [[\\\"7\\\"]](#cite-id-LWYv3wPSkB)\"]},{\"title\":\"Partnerships\",\"subtitle\":\"A new partnership with Ethena Labs was added.\",\"variant\":\"modified\",\"changeCount\":1,\"changes\":[\"Added a new subsection detailing the partnership with Ethena Labs to create the native stablecoin, USDm. [[\\\"11\\\"]](#cite-id-QOsehwgpdwAhausL) [[\\\"12\\\"]](#cite-id-0VjOjZ8P1tQIfsPj)\"]},{\"title\":\"Team\",\"subtitle\":\"Team members' roles and titles were added or updated.\",\"variant\":\"modified\",\"changeCount\":3,\"changes\":[\"Added role 'Founder' for Yilong Li.\",\"Added role 'Chief Strategy Officer (CSO)' for Namik Muduroglu. [[\\\"11\\\"]](#cite-id-QOsehwgpdwAhausL)\",\"Added role 'Co-founder' for Shuyao Kong. [[\\\"12\\\"]](#cite-id-0VjOjZ8P1tQIfsPj)\"]},{\"title\":\"Events\",\"subtitle\":\"An event's details were updated, including a more specific date.\",\"variant\":\"modified\",\"changeCount\":2,\"changes\":[\"Changed event date from '2024-03' to '2024-03-01'.\",\"Added null values for 'continent' and 'country' fields to an event.\"]},{\"title\":\"References\",\"subtitle\":\"Five new references were added, primarily related to the USDm stablecoin.\",\"variant\":\"added\",\"changeCount\":5,\"changes\":[\"Added reference: 'MegaETH launches native USDm stablecoin with Ethena'\",\"Added reference: 'MegaETH Labs Unveils MegaUSD Stablecoin'\",\"Added reference: 'MegaETH to open pre-deposit window for USDm stablecoin'\",\"Added reference: 'MegaETH USDm stablecoin deposit launch sees turbulence'\",\"Added reference: 'MegaETH's Bumpy USDM Launch Causes Chaos'\"]},{\"title\":\"Metadata\",\"subtitle\":\"New editor-specific metadata fields were added.\",\"variant\":\"added\",\"changeCount\":4,\"changes\":[\"Added metadata key 'words-changed'.\",\"Added metadata key 'percent-changed'.\",\"Added metadata key 'blocks-changed'.\",\"Added metadata key 'wiki-score'.\"]}]}]}"}