MEGAMEGAMegaETH
$0.04
24h
-0.16%
Ignas | DeFiIgnas | DeFi
24 Jun, 10:23

MegaETH ecosystem activity analysis with price recovery

Neutral-14.70%

AI Summary

Author analyzes MegaETH ecosystem activity slowdown with declining volumes and fees, but notes positive signs from Monster trading cards migration and $MEGA price recovery from $0.4 to $0.52, while questioning upcoming catalysts.

Activity really slowed down on MegaETH TVL still stands at $105M USD (mostly on Aave) But slow down is clearest in volumes & fees: - World markets fees and volumes dropped to ATLs - Euphoria generates just $13k in daily volume - Kumbaya DEX at ~2M daily volume Positive sign is Monster trading cards that until 2days ago were generating 50k in daily fees after migrating to megaeth. When season two for Mega? Any catalysts coming? $MEGA recovered from $0.4 to $0.52

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