15 new projects worth watching on MegaETH

MegaETH, known for its robust infrastructure with over 100,000 TPS and sub-10ms block time, is gaining attention due to its ecosystem applications supported by the MegaMafia accelerator program. Here are 15 testnet-stage projects worth watching:

  • GTE: A vertical trading platform offering end-to-end services from token issuance to trading, mimicking a CEX experience on-chain.
  • Cap Money: Introduces a novel stablecoin model where minters choose yield operators, backed by ETH from re-stakers.
  • World Capital Markets: Brings leveraged finance to blockchain, enabling spot trading, perpetual contracts, and cross-margined lending.
  • Funes: An online museum digitizing human constructions into a free 3D database.
  • Lemonade: Focuses on immersive crypto events to build community identity and loyalty.
  • Showdown: A free-to-play poker game blending action cards from top card game designers.
  • Pump Party: A live-streaming platform with game lobbies, though details remain scarce.
  • Euphoria: Gamifies trading with minimal operations, combining SocialFi and price prediction.
  • Valhalla: A high-speed perpetual contract DEX with real-time execution and dynamic funding.
  • NectarAI: Lets users create and interact with AI companions via images, videos, and role-playing chats.
  • Sweep: A live prediction platform where users bet on streamers' performance.
  • Noise: Allows betting on narrative popularity (e.g., "MegaETH") rather than price.
  • Avon: Reintroduces order books to on-chain lending, enabling undercollateralized and fixed/floating-rate loans.
  • Hop: A decentralized VPN prioritizing privacy, speed, and accessibility.
  • Autonomous World Engine: A 3D web engine reviving creative chaos for games and AI simulations.

These projects aim to diversify MegaETH's appeal beyond finance, with a closed beta expected in Q4 2025. MegaMafia 2.0 applications close on June 1, emphasizing native innovation.

Summary

Author: Chilla

Compiled by: TechFlow

There is no doubt about the infrastructure strength of MegaETH - more than 100,000 TPS and a block time of less than 10 milliseconds. But frankly, we have heard these technical parameters many times. So, what exactly makes MegaETH gain such high attention?

The answer lies in the applications in its ecosystem.

The core highlight is MegaMafia, an accelerator program that supports native on-chain applications. This is the key to MegaETH's unique identity.

Here are 15 apps that MegaMafia has launched so far, which are running in the testnet phase, while the application window for MegaMafia 2.0 is about to close.

MegaMafia accelerator supported applications

GTE – Vertical Trading Platform

15 new projects worth watching on MegaETH

@GTE_XYZ provides an end-to-end trading center: including token launch platform, automated market maker (AMM), limit order book (CLOB), aggregator and token generation event (TGE). One platform, from token issuance to trading, to create a CEX experience on the chain.

Cap Money – A new stablecoin model

15 new projects worth watching on MegaETH

@capmoney_ launches the first true third class stablecoin by creating a market for minters to choose their preferred external operator yield. Meanwhile, re-stakers provide ETH as economic proof

World Capital Markets – Leveraged Capital Markets

15 new projects worth watching on MegaETH

@wcm_inc brings leveraged finance to the chain, supporting spot trading, perpetual contracts and lending. All positions are cross-margined. Its innovation lies in capital efficiency, users can build undercollateralized positions, hedge between assets, and overlay strategies in the MegaETH ecosystem.

Funes – Online Museum

15 new projects worth watching on MegaETH

@Funes_World is an online museum that collects, preserves and curates 3D models of all human constructions. The goal is to digitize the physical world into a large, free and accessible 3D database.

Lemonade – Redefining Crypto Activity

15 new projects worth watching on MegaETH

@lemonade_events specializes in creating immersive events, both in-person and online, from small gatherings to large festivals, designed to build identity and transform engagement into lasting loyalty.

Showdown – Magic meets poker

15 new projects worth watching on MegaETH

@Showdown_TCG is a free-to-play poker showdown game that combines action cards designed by top poker, Hearthstone, and Magic: The Gathering players with multiple innovative poker gameplay.

Pump Party – Live streaming and game lobby

15 new projects worth watching on MegaETH

There is little information about @pumppartyapp at the moment, but it seems to be a live streaming platform where users can create game lobbies. Its specific functions are still to be explored.

Euphoria – Touch, Trade, Feel

15 new projects worth watching on MegaETH

@Euphoria_fi redefines the trading experience: predict price trends with a click. The core lies in the gamification experience, combining social finance (SocialFi) with minimal operations, and hiding the technology as much as possible.

Valhalla – A super fast refactoring of perpetual contracts

15 new projects worth watching on MegaETH

@valhalla_defi is a real-time, fully on-chain perpetual contract decentralized exchange (DEX). It provides real-time execution, instant liquidation, and dynamic funding support, while allowing users to leverage high composability and use yield assets as collateral.

NectarAI– AI companion

15 new projects worth watching on MegaETH

@TryNectarAI allows users to create AI companions and interact with their ideal AI companions through images, videos, and AI role-playing chats. Although it is a bit "scary", it is very attractive to the encryption field.

Sweep – Live Prediction Platform

15 new projects worth watching on MegaETH

@trysweep lets users predict how a live streamer will perform. For example, will Tom get 10 kills in the next game? Yes or no.

Noise – Trading narrative heat

15 new projects worth watching on MegaETH

@noise_xyz allows users to bet on popular narratives, such as "MegaETH" itself. The focus is not on price or sentiment, but on the attention itself.

Avon – Funding Market Order Book

15 new projects worth watching on MegaETH

@avon_xyz reintroduces the order book model to the on-chain funding market. Borrowers define terms, lenders execute customized strategies, and real-time matching relies on the high-speed performance of MegaETH. This opens the door to undercollateralized, fixed-rate, and floating-rate lending.

Hop – VPN Innovation

15 new projects worth watching on MegaETH

@Hop_Network abandons centralized VPNs and adopts a fully distributed, multi-hop routing and community-driven model. Hop's focus is not only on privacy, but also on making Internet access faster, smoother and more accessible to everyone.

Autonomous World Engine – Making the Internet fun again

15 new projects worth watching on MegaETH

The Internet used to be a playground. @awe_box is a brand new 3D engine designed for the web, bringing back the creative chaos of the Internet. Users can build games or AI simulations with code or drag and drop. It runs fast, supports browsers, and remains open by design.

Some of these applications are already being used by many users during the testnet phase. In the future we will see whether they are only used for gold mining or whether they can stimulate real interest. Currently, the MegaETH ecosystem shows clear differentiation in different verticals and strives to attract a wider audience, not just users in the financial field.

The testnet has been online for some time, and the closed beta is expected to be launched in the fourth quarter of 2025. MegaMafia 2.0 will soon welcome 15 new teams, and the application window will close on June 1. No forks, no copies, only native innovation.

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Author: 深潮TechFlow

This article represents the views of PANews columnist and does not represent PANews' position or legal liability.

The article and opinions do not constitute investment advice

Image source: 深潮TechFlow. Please contact the author for removal if there is infringement.

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