Letter 98: A Look at 8 of the Most Interesting Projects on MegaETH
From a gamified payments app targeted at Gen Z, to yield from a Turkish Lira carry trade, to a good old fashioned (3,3).. MegaETH has it all
Last Friday’s Newsletter was on MegaETH, and with their mainnet launching soon, I thought it would be nice to take a look at some of their projects and any opportunities there might be.
I asked the X-verse what the most interesting projects were, and good ole Bread came through with this list:
My plan was to research them and then share a blurb on all of them, but that was getting a bit unwieldy (and there’s very little info on some of them), so instead I will just highlight the ones I think are the most interesting and opportunistic. I recommend looking through the list yourself though if you’re keen to really go deep.
What stands out to me the most are the apps that need real-time transactions, aka, wouldn’t work on any other chain. Not all of the projects below fit this bill, but several of them do, and they’re really freaking cool to see.
(every project name is a link to their X page).
1. Rocket — Redistribution Market
Rocket is building a new primitive called redistribution markets. You call any price on any crypto feed, and your returns compound the more right you are (or rather, the longer you are right for). They’re building to be bobile-first and social.
It’s actually so cool how they designed it (tldr is they split everything into 5-second chunks, and settle every 5 seconds). Check out this post for a full explanation.
2. Euphoria - Gamified DeFi
Euphoria is a mobile-first derivatives trading app. Their core feature, Tap Trading, lets you predict price movements with a single tap. By removing order books, they strip the complexity out of options and perps and turn it into something that feels like a game. They raised $7.5M in seed funding led by Karatage, with Figment Capital and Robot Ventures also participating.
Sign up here for early access. No token yet, but one is planned post-mainnet.
3. Blackhaven — Liquidity Engine
Blackhaven was created by the founder of OHM. It builds a reserve-backed treasury that grows perpetually, compounding value for participants and converting dormant capital into onchain efficiency. Their RBT Notes give you real backed rewards (minted during bond activities, not rebasing). Who doesn’t love a good (3,3) ponzi?
4. Blitzo - Gamified Payments
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