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MegaETH ran its token generation event on April 30, 2026, and the chain went straight into Season 1 of its Terminal points program the same week. About 2.5% of $MEGA supply, roughly 250 million tokens worth $37 to $42 million at current prices, will be paid out to wallets that interact with featured ecosystem apps before the season closes on June 23. That window is eight weeks. There is no second-chance round announced.
The chain has institutional credibility. Backers include Vitalik Buterin, ConsenSys founder Joseph Lubin, and EigenLayer founder Sreeram Kannan. Mainnet has been live since February 9, three full months before the TGE actually happened, so the chain accumulated real activity rather than launching a token into a vacuum. The 2.5% allocation is one of the cleaner mainnet farming pools currently open. There is no token already trading that you need to buy first, no minimum deposit, no whitelist gate. You bridge ETH, you connect to Terminal, you use apps for eight weeks. The gating is on activity weight, not access.
Before going further: this is a points program, not a guaranteed token drop. MegaETH's documentation calls the rewards "subject to eligibility" and notes that KYC and sanctions screening "may apply" at distribution. Treat it as a possible airdrop, not a confirmed one, and size your participation accordingly.
| TGE | April 30, 2026 |
| Season 1 window | Apr 28 to Jun 23, 2026 (8 weeks) |
| Pool size | 2.5% of supply, ~$37 to $42 million |
| Total supply | 10 billion MEGA |
| Snapshot cadence | Tuesday 00:00 UTC, distribution Wednesday |
| KYC at claim | May apply per Terminal docs |
How Terminal works
Terminal awards points weekly based on three inputs: which apps you used during that week, the boosters tied to your wallet cluster, and the (up to) three apps you selected for the week's multiplier. The exact formula is not published. The cadence is fixed. Snapshots fire every Tuesday at 00:00 UTC, balances drop on Wednesday, and clan and app selections reset on the same Tuesday clock.
Three pieces of that flow matter more than the others.
- The booster multiplier only applies to your three selected apps. Activity on anything else earns at the base rate. If you use Hit.One, Kumbaya, and Brix in a week but only select two of them, the third earns flat. If you select an app you do not actually touch that week, the multiplier sits unused. Pick the three apps you will genuinely use, not the three that look highest-value on paper.
- Wallet clustering is the way to scale. The first wallet you connect to Terminal becomes your Main Wallet. Additional addresses linked to the same profile become sub wallets, and boosters and weekly selections apply across the entire cluster. Activity on any wallet in the cluster counts under the same profile. The catch: a single wallet can only belong to one profile at a time, and deleting a profile permanently zeros its points. So cluster strategically and do not delete in haste.
- Every app you use needs its own Terminal connection. This is the easiest step to miss. Most apps surface it as a "Connect to Terminal" button in their profile or settings section, sometimes as a banner at the top once you sign in. Until you click it, activity in that app earns at base rate to a disconnected wallet and does not roll up under your profile, which means your boosters and weekly selections do not apply. Do this once per app the first time you sign in. Re-check after each app update; some apps disconnect on session expiry.
Points themselves are non-transferable and not a token. They are the leaderboard signal that determines your share of the eventual distribution. Whether the conversion ratio is generous or stingy is the variable nobody can price right now, which is part of why this is optionality rather than a sure thing.
What 2.5% of supply actually means
MegaETH's total supply is 10 billion $MEGA. At the public reference price of $0.15 right after TGE, that puts fully diluted valuation at $1.5 billion. Circulating supply at TGE was roughly 1.1 billion tokens, or 11% of the total, with the rest unlocking through various vesting schedules.
The 2.5% mainnet activity allocation works out to 250 million $MEGA. At spot, that is around $37.5 million. As $MEGA price moves, so does the dollar value of the pool. Some farmers have quoted higher numbers like $42 million, which simply reflects a slightly higher reference price at the time they wrote.
What that 2.5% does not include is the rest of the community pool. The full community allocation is 15% of supply, split four ways:
| Bucket | % of supply | Status |
|---|---|---|
| Echo private sale | 5% | Closed. 1y cliff, 3y vest. |
| Fluffle NFT holders | 5% | Closed. 50% at TGE, rest over 6mo. |
| Sonar public sale | 2.5% | Closed. 100% at TGE or 1y lockup option. |
| Bonus Campaign (mainnet activity) | 2.5% | Active. The pool this guide covers. |
One detail in the Bonus Campaign worth flagging. Per coverage of the original tokenomics, the top 5,000 mainnet participants can earn up to 2x their original Sonar allocation. A non-trivial slice of the 2.5% may be reserved for existing Sonar buyers who farm aggressively, not freely competed for by every new wallet. MegaETH has not published the exact split. Expect to compete with both new entrants and a layer of pre-existing token holders running their boosters at full stack.
Featured this week
The featured set rotates approximately every five days. These are the apps the team is spotlighting for the current wave, and they are the obvious picks for your three weekly selections since that is where the booster multiplier earns the most. The grid below hydrates from MegaETH's live feed.
Currently featured on Terminal
Synced from MegaETH Rabbithole
Hit.One
MafiaConsumer DeFi · Trading
Extreme leverage gamified and in your pocket. In the backend it might be a 666x ETH Long, on your screen you're just trying to Hit One. Currently invite-only beta.
Brix
MafiaNovel Assets · Yield & Credit
Access yield from Emerging Markets, starting with the Turkish Lira - enabled by DeFi Legos (tokenized MMFs, custodied real-world assets and staking).
World Markets
MafiaTrading · Yield & Credit
Extract more value from your positions by executing trades and credit loops with unified margin across spot, perps and lending.
RockSolid
Consumer DeFi · Yield & Credit
The RockSolid MegaETH USDm Vault provides one-click access to ecosystem yield and incentives. Deposit USDC on Ethereum to begin.
Kumbaya
MafiaTrading · Culture & Social · Novel Assets
Swap with deep liquidity on ecosystem tokens and native launches around die-hard cults. Get rewarded for creating content for these cults.
TopStrike
Gaming
Trade and optimise your fantasy draft build based on footballing moments as they happen in real-time on the pitch.
Coming next: Euphoria, Blackhaven, Dream, Strip.
If your booster multiplier is base rate (i.e. no retroactive boosters from Echo, Fluffle, or prior Rabbithole activity), the difference between selecting featured apps and non-featured ones is mostly about where the team is concentrating attention and points emissions. Featured does not mean "only place that earns." It means "place where the team's active weighting is pointed this week."
Where to focus first
The MegaETH ecosystem currently lists 113 apps in the Rabbithole catalog. Most are not relevant for points farming. The ones below are the apps we have either used directly or expect to see in featured rotations through Season 1, with an honest read on what each is for and whether it deserves one of your three weekly slots.
Hit.One
Extreme leverage gamified into a phone app. Sign up with email, deposit USDm to your in-app wallet, then connect the app to your Terminal profile from the wallet section. Pick a wager between $1 and $50 and the app opens a high-leverage long or short for you. The marketing references positions up to 1000x. Most rounds resolve quickly. There is a profit guard toggle that protects against total losses on most outcomes, and we recommend leaving it on.
The honest read: this is a points-buying mechanism, not a trading app. The expected value of any 666x random position is negative once you include slippage. Spin a few small rounds, register the activity, move on. Do not size it like a trade.
Open Hit.OneKumbaya
The native DEX on MegaETH and the recommended USDm liquidity pair for the season. Kumbaya supports basic swaps and concentrated liquidity provision on the USDm/USDT0 pool, plus a launchpad for ecosystem token launches. Kumbaya creates a sub wallet for you at signup, so the connect-to-Terminal button (top of the page) is what links that sub wallet to your profile and gets your activity credited.
Kumbaya day-1 fee incident. Kumbaya launched on April 30 with an undocumented 50% protocol fee on LP earnings. Independent reporting from Protos quantified the impact at over $375,000 in protocol revenue between April 30 and May 1, taken from LPs without prior disclosure. The team reversed within 24 hours, matched Uniswap fees on all pools, and announced refunds for affected LPs. Kumbaya is still the recommended USDm pair for farming, but the early-ecosystem fee transparency is a real risk variable to factor in before parking serious liquidity.
For LP exposure, the USDm/USDT0 pair has limited impermanent loss in normal conditions because both sides are dollar-pegged. The non-trivial risk is a USDm depeg. USDm is MegaETH's native stablecoin and not yet battle-tested at scale. Treat any LP position as an exposure to USDm holding its peg through the season, not as a passive cash farm.
Open KumbayaMonster
A tokenized trading card game. Sign in with X or wallet, fund the in-app wallet with USDm, then go to the MegaETH section in the app and connect to your Terminal profile (this step is what credits the points; skipping it leaves your activity orphaned). Buy booster packs priced from $50 up to $1,250, open them, and either keep the cards or instant-sell back to the protocol. Expected loss per pack is roughly 20% on average, per third-party reports, before any price changes on cards held.
Like Hit.One, this is points fuel rather than collecting. One mid-sized pack registers the activity. Opening packs in series hoping for a card hit is a slot machine with cosmetic upside.
Open MonsterPrism
The widest product surface in the MegaETH catalog. Prism combines spot DEX, perpetuals, lending, and on-chain prediction markets into a single onboarding flow. They partnered with Swapper Finance for direct deposits from card, CEX, or wallet, which lowers the friction of getting capital onto MegaETH compared to pure-bridge flows.
Prism is not in the current featured set as of Wave 2, but it has appeared in earlier waves and will likely return given the team's connection to the Bad Bunnz NFT clan and the ecosystem more broadly. When it is featured, the per-action weight is high. A few swaps and one or two small prediction-market positions cover most of the activity surface.
Open PrismITS
A booster-pack TCG with dynamic pricing. Pack prices move with demand, so early purchases are cheaper than late ones. Packs cost roughly $6 to $10 at launch and have moved up since. Lower entry cost than Monster, similar mechanic.
Open ITSWorld Markets
A unified-margin trading app that runs spot, perps, and credit loops against a single collateral pool. The current points farm vector is a spot swap into wiTRY (synthetic Turkish lira) and holding it, which dual-farms World Markets and Brix simultaneously.
This one rewards capital efficiency more than transaction count. One larger spot position you are willing to leave for the season earns more than dozens of small swaps.
Open World MarketsBrix
Emerging-markets yield through tokenized money market funds, real-world assets, and staking primitives. Initial focus is the Turkish lira. Returns are quoted in local currency, so the headline yield is high but the FX exposure is real. Keep position size modest unless you have a view on TRY.
Open BrixTopStrike
Sportfun-style fantasy football where you trade and hold real footballer "shares" through tournament cycles. Engagement is recurring through the season. A few player positions held into tournaments covers the activity. Fits readers who already follow football and would enjoy this independently of farming.
Open TopStrikeRockSolid
A one-click USDm vault. Deposit USDC on Ethereum mainnet, the protocol bridges and routes into MegaETH ecosystem yield, and you hold a vault token. Closest thing in the ecosystem to a passive set-and-forget farming primitive. Lower active points than other apps, but no manual upkeep.
Open RockSolidCap
A stablecoin protocol that issues cUSD, a yield-bearing dollar generated through covered credit and on-chain financial guarantees. Not in the current featured rotation but has counted for points in earlier waves. Mechanically similar to RockSolid with different yield sourcing.
Open CapShowdown, Chisino, Stomp, Aveforge, Smasher, and the rest
Smaller gaming and consumer apps. Each generates points if used, but the points-per-dollar-of-effort math is worse than the larger apps unless you genuinely enjoy the gameplay. Pick one if you want a leisure track inside your weekly selection. Otherwise treat them as base-rate filler.
The booster lockout
Terminal has seven booster types. They stack into a single multiplier that applies only to your three weekly selected apps. All of them are retroactive, awarded for past actions rather than something you can grind into now.
| Booster | How you would have unlocked it | Open today? |
|---|---|---|
| Conviction | Allocation in the Echo Conviction Round | Closed |
| Fluffle Friend | Secured a Fluffle NFT spot | Closed |
| Fluffle | Minted a Fluffle (the flagship NFT) | Closed |
| Committed Alignment | Long-term positioning across the ecosystem | Closed |
| The People | Participated in Echo's People's Round | Closed |
| Day One | Explored Rabbithole before Terminal launched | Closed |
| Man of Culture | Holding "culturally significant onchain collections" | Possibly via clan NFTs |
The only one a participant joining in May 2026 has any path to is Man of Culture, and even that depends on what MegaETH counts as "culturally significant onchain collections," a definition the team has not formalized. The clan NFTs (Bad Bunnz, WCNetizens, meganacci, Megalio, MINIMINDS, Legend of Breadio) are the most plausible candidates.
The honest implication: if you did not buy into Echo, did not mint a Fluffle, and were not on Rabbithole pre-Terminal, your booster stack is base rate or close to it. Your three weekly selections still benefit from the multiplier, but the multiplier itself is small or absent. You compete against farmers who carry one or more of the closed boosters at full stack.
The one lever new participants do have is the clan system, which interacts with Man of Culture and standalone clan boosts. That is worth its own section.
How clans actually pay
Six clans are live: Bad Bunnz, WCNetizens, meganacci, Megalio, MINIMINDS, and Legend of Breadio. Anyone can pledge to a clan each week. Pledges that pass anti-sybil filters count toward clan milestones. As a clan reaches more milestones, holders of that clan's NFT get a higher booster.
Two stacking rules matter. You can hold up to 3 NFTs from the same collection to maximize that single clan's boost. You can also hold NFTs across multiple clans, which gives you boosters across each one. The booster only flows to NFT holders, though. Pledging without holding feeds the milestone but does not give you the multiplier.
Is buying clan NFTs worth it? A single clan NFT at floor is roughly the price of one large Monster pack, and the boost stacks for the rest of the season (about seven weeks remaining as of mid-May). If your weekly farming generates around 100 base points and the clan boost is 1.2x to 1.5x at full milestone count, that is 20 to 50 extra points per week, or 140 to 350 extra points across the remaining season. Whether that translates into more $MEGA than the NFT cost is unknowable until distribution.
Our read: one clan NFT is reasonable optionality if the floor is below $200 equivalent. Stacking three from the same collection to maximize a single clan is harder to justify unless you already plan to hold the NFT for collection reasons. Buying across multiple clans is even more speculative.
Wave history
The featured set rotates every five days or so. The list below shows which apps were featured in each wave so you can see how the team's focus has shifted. Reconstructed entries (where we did not directly capture the wave's API state) are flagged.
App list reconstructed from public threads, not directly observed via the MegaETH API.
Eight-week plans by bankroll
Three sample plans. None of them are advice; they are starting points to adapt. The rule that holds at every size: do not size positions you would not be comfortable holding for the full eight weeks at zero airdrop value.
$200 starter
Bridge $150, leave $50 for gas and small interactions. Allocate roughly $50 to a Kumbaya USDm/USDT0 LP position as your passive farm. Use the remaining $100 across Hit.One (small wagers), Monster (one $50 pack), and one ITS pack. Pick Hit.One, Kumbaya, and one of the others as your weekly three. Pledge to a clan but skip the NFT at this size.
$1,000 active
Bridge $800. Allocate $400 to the Kumbaya USDm pool, $200 to a RockSolid vault deposit (passive yield), and $200 across Hit.One, Monster, and one of TopStrike or Showdown. Pick Kumbaya, Hit.One, and one rotating featured app as your weekly three. One clan NFT becomes reasonable if the floor is approachable. Pledge weekly. Cluster a second wallet under the same Terminal profile to extend boosters across activity.
$5,000 aggressive
Bridge $4,000. Run a full Kumbaya LP position around $1,500, a $1,000 RockSolid deposit, $500 in Brix wiTRY (accept the FX risk), and the remaining $1,000 split across active apps including Prism when it returns to featured. Buy one or two clan NFTs depending on floor and your own NFT preference. Cluster two or three wallets under one profile and rotate weekly selections so different wallets cover different featured apps.
Risks
USDm depeg. If you LP USDm/USDT0 on Kumbaya, you are taking on USDm-holds-its-peg risk for the full season. USDm is the chain's native dollar and is not yet stress-tested at scale. A depeg event would impair the LP value regardless of points farmed. Treat the position as exposure, not as cash.
Impermanent loss on volatile pairs. The USDm/USDT0 LP has minimal IL in normal conditions because both sides are stables. If you LP into anything paired with ETH or a volatile token, IL becomes a real cost. Stick to stablecoin pairs unless you have a directional view.
Smart contract risk. Every protocol on the chain carries it, and the newer Mafia accelerator apps (most of the featured set) do not have third-party audit history. Bigger names that ship on MegaETH (Aave, Lido, GMX, Stargate) bring their existing audit track record with them, but most points farming routes through newer code.
The Kumbaya fee precedent. A flagship app shipped with undocumented fee logic and was caught within 24 hours. Other apps in the ecosystem may have similar gaps that have not surfaced yet. Read the docs on any app before depositing meaningful capital.
KYC at distribution. Terminal documentation says KYC and sanctions screening "may apply." For wallets in the United States, China, or other restricted jurisdictions, treat KYC as probable. Wallets that cannot pass KYC may forfeit their share.
Sybil filtering. Cluster wallets carefully. One Main Wallet plus thoughtful sub wallets is fine. A spray of fresh disconnected addresses gets filtered out.
Negative-EV apps. Hit.One and Monster are designed to take money from the median user in exchange for points. Size them like points purchases, not investments.
Bottom line
Season 1 is a real $37 to $42 million distribution open to most wallets willing to spend a few hours a week through June 23. Three things matter most: pick three featured apps to receive your weekly multiplier, cluster wallets under one Main profile to share boosters across activity, and accept that all seven retroactive booster types are closed if you did not have early access. New participants run at base or near-base multipliers and compete against farmers who do not.
The honest framing is cheap optionality, not a guaranteed payday. Median outcomes will be modest. Aggressive farmers with retroactive boosters and significant capital will capture an outsized share. For everyone else, the right approach is to size positions you are happy to hold at zero airdrop value, focus weekly selections on apps you will genuinely use, and pledge to a clan even without owning the NFT.
Bridge ETH via Rabbithole, open Terminal, pledge a clan, and select three featured apps from the grid above. As you sign up for each app, click its "Connect to Terminal" button before you start using it. Without that link the activity does not credit to your profile. The next snapshot is Tuesday at 00:00 UTC.
