what's MegaMafia?
MegaMafia is an incubator program run by MegaETH, a real-time Ethereum-compatible blockchain designed for sub-millisecond latency and high throughput. It supports founders in building innovative onchain applications through year-long residencies, fostering projects that leverage MegaETH's performance for real-time experiences like DEXes, stablecoins, and consumer dApps. Cohort 1.0 included projects such as Noise (sentiment-based perps), GTE (high-performance DEX), and Euphoria (tap-to-trade), which collectively raised significant venture funding. MegaMafia 2.0 continues this with a new group of 15 founders, emphasizing beyond-chain creativity and hyper-scalable "hyperchains" on MegaETH.
MegaMafia TGE scheduled 7 days after reaching one of three KPIs: $500M USDM, 10 apps, or 3 apps earning $50k daily.
Links
x.com/megamafiaKumbaya has reached $50M in TVL on MegaMafia.
Avon has $7M in the MegaVault despite not having a fully live product.
World Markets has $6M in TVL while in stealth mode.
Euphoria launched a paper trading competition on February 16, 2026.
TGE scheduled 7 days after reaching any of three KPIs: $500M USDM supply (30-day time-weighted average), 10 apps launched, or 3 apps earning $50k daily fees for 30 days. Has 5 apps live: Cap, Kumbaya, Showdown, Avon, and Ubitel.
AAVE goes live on MegaETH mainnet at launch with liquidity provider incentives and $MEGA token unlocks tied to its performance, creating potential competition with MegaMafia-accelerated projects like Avon.
The project is introducing a prediction market feature.
MegaMafia's first cohort raised over $40M from Franklin Templeton, Robot Ventures, Maven11, and Figment Capital. MegaMafia 2.0 now supports 15 teams in a year-long program across a total portfolio of 26 projects.
MegaMafia accelerates HelloTrade, a new trading platform providing access to stocks, commodities, ETFs, and crypto with up to 10x leverage 24/7.
An allocation event distributes tokens to participants based on NFT holdings (fluffles, hypurnfts) and echo round participation through valhalla membership, with reported allocations of 2k tokens.
Mega Mafia 2.0 launches with 6 new projects focused on Gen Z applications including gamified payments, prediction markets, and onchain gambling, with additional batches planned.
Two specific companies from the second cohort are revealed: Cilium (real-time motion graph for vehicles/robots) and Blitzo (gamified payments app for Gen Z).
Second cohort attracts 300+ applications with founders prioritizing user experience (552 mentions) over crypto (475 mentions), signaling shift toward user-centric development focus.
First cohort of 15 projects raises $40M in venture funding, with member project GTE_XYZ securing $150-160M valuation. Second cohort of 15 additional projects currently in progress.
Core team implements new dual-track strategy focusing on strategic visibility and quiet execution periods, following internal review of unsuccessful content initiatives.
Original team members pivot from initial project plans while maintaining strong commitment and passion.
RedStone BOLT oracle integration powers real-time data feeds across multiple dApps including Avon, Valhalla, and Euphoria.
Applications close with strong interest; final selection through 1:1 interviews for 30-day Copenhagen program.
Applications for version 2.0 close June 1st, with MM 1.0 member and Euphoria cofounder endorsement.
Applications for version 2.0 close this week, seeking 15 builders for project expansion.
Perpetual DEX testnet launches with access code requirement after receiving highest votes in ecosystem.
Confidential deck leaked by ecosystem member, causing internal conflict and trust concerns.
Franklin Templeton leads investment round in related stablecoin project CAP Money, marking significant institutional entry into the ecosystem.