PANews reported on April 7th that the MegaETH team released an investor memo during Easter, sharing the latest project progress and future plans. The main updates are as follows:

• Chain Progress: MegaChain ranks seventh in holder rewards and has experienced zero downtime; SUSDM 1:1 bridging has been launched, and $USDM now complies with the x402 v2 standard; MegaETH is defining a universal EVM specification to support MPP.
• Mafia Ecosystem: World Market is now publicly listed; Euphoria has completed its audit and is about to launch; Hit One has integrated GMX liquidity, with USDm becoming its sole treasury asset; Showdown has completed its Spring Championship and distributed rewards; the new project Dream has joined the Mafia ecosystem and is developing an options protocol.
• The TGE plan, based on KPIs, emphasizes the team's commitment to achieving meaningful token milestones and plans to launch a functional ecosystem, stablecoin adoption programs, and user-friendly applications. The team acknowledged previous underestimation of timelines for some foundational work and stated they will accelerate ecosystem development through clear decision-making and team coordination.

The team stated that April will be a crucial and exciting month, with the launch of new products, the introduction of a new Mafia project, and the release of new primitives to solve real-world problems, continuing to maintain the unique dynamism of MegaETH.

Previous reports indicated that MegaETH would use its native stablecoin yields to buy back MEGA tokens .