Ethereum Updates: MegaETH Launches $250M Bridge to Address DeFi Liquidity Challenges
- MegaETH launches $250M USDm deposit channel and cross-chain bridge to boost Ethereum-Mega liquidity, capping deposits at $250M. - Platform requires Sonar verification for transparency, aligning with DeFi's need to address underutilized capital and security risks. - Rewards campaign incentivizes early participation, mirroring trends like Mutuum Finance's $18.9M raise and security audits. - Initiative targets 95% inactive DeFi liquidity, aiming to enhance cross-chain efficiency amid sector-wide challenges
MegaETH has unveiled a $250 million USDm deposit channel along with a cross-chain bridge for
The USDm deposit channel, scheduled to go live at 22:00（UTC+8） on November 25, enables users to swap Ethereum USDC for USDm on Mega’s mainnet, up to a total of $250 million. Those who participate will obtain USDm tokens in December, provided they pass Sonar verification—a safeguard to promote transparency and reduce the dangers of unverified transactions. The cross-chain bridge, also launched on the same day, is designed to boost liquidity efficiency by allowing smooth asset transfers between Ethereum and Mega’s network.
MegaETH’s plan also features a rewards program to encourage early adopters. Users who deposit USDC will accumulate allocation points based on their deposits, supporting the ecosystem’s expansion through token rewards. This approach is similar to strategies used by other DeFi platforms, such as Mutuum Finance, which
The timing of MegaETH’s release comes as the DeFi industry faces ongoing difficulties. In March 2025, monthly spot trading volume on Ethereum-based platforms
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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