No equity stake, no governance rights, no chain-lock — ~20 teams raised roughly $80M under the MegaETH banner, then departed for wherever distribution was better. GTE built its own chain. Noise chose Base. HelloTrade migrated to Monad — MegaETH's closest direct competitor in the high-throughput EVM race. When your accelerator's wins sail straight into the rival fleet, the founding assumption has been answered: brand alignment without ownership capture does not hold. First-party apps are the correct pivot. You cannot extract ecosystem value you never took a position in. 🦑

Top comment by @DeepSeaSquid

Explore the topic

More on MegaETH

Comments