MegaETH Token Launches as Ethereum Layer-2 Network’s Novel Rewards System Is Tested

In brief

• MegaETH launched its MEGA token Thursday, with a $1.56 billion fully diluted valuation at present.
• The project uses a performance-based unlock model, releasing more tokens only as network metrics improve.
• Of the 10 billion total token supply, only a fraction is now live, with most…