$MEGA token is live, but the bigger story is what the launch says about the future of L2s. Co-Founders Shuyao and Lei join Bankless to unpack why MegaETH tied its TGE to app milestones, why USDM and proximity markets could become core revenue streams, and how the team is thinking about appchains, AI agents, security, and Stage 2 decentralization.
---
📣SPOTIFY PREMIUM RSS FEED | USE CODE: SPOTIFY24
https://bankless.cc/spotify-premium
---
BANKLESS SPONSOR TOOLS:
🔮POLYMARKET | #1 PREDICTION MARKET
https://bankless.cc/polymarket-podcast
🟦 COINBASE ONE | GET 20% OFF
https://bankless.cc/coinbase-one
🧭OKX | TRADE, EARN, PAY
https://app.okx.com/join/USBANKLESS
🦊 METAMASK | DOWNLOAD NOW
https://go.metamask.io/BL-Pod-Download
🌐BRIX | EMERGING MARKET YIELD
https://bankless.cc/brix
💰NEXO | YIELD + CREDIT LINE
https://bankless.cc/nexo
---
TIMESTAMPS
0:00 MegaETH Reaches TGE: KPIs and Milestones
3:10 The 10 Apps That Unlocked Launch
8:12 Composability for New Crypto Apps
11:22 World Markets as MegaETH’s Liquidity Hub
14:13 USDM and the First Revenue Stream
15:59 Co-Location, Low Latency, and Proximity Markets
19:40 Proximity Markets vs. MEV
22:13 Revenue and Token Value Accrual
25:15 Ethereum Decentralization as a KPI
27:40 Token Unlocks and Launch Supply
30:31 Terminal, Incentives, and Flux
32:28 MegaETH vs. Appchains
38:31 Could MegaETH Support Polymarket Scale?
41:12 AI Agents on a Fast, Cheap Chain
47:23 KelpDAO, Arbitrum, and L2 Decentralization
55:38 Life After TGE
---
RESOURCES
Shuyao Kong
https://x.com/hotpot_dao
Lai Yang
https://x.com/yangl1996
---
Not financial or tax advice. See our investment disclosures here:
https://www.bankless.com/disclosures
