ChainCatcher message: In response to community concerns about the slow progress of MegaETH’s launch, GMX issued a statement saying that since the MegaETH mainnet went live in the second week of February, the ecosystem development is still in the initial stages. Currently, on-chain TVL remains relatively limited, and most protocols are still in testing and optimization phases.
GMX stated that its smart contracts have been deployed on the chain. The team is working on several preparations, including ensuring initial liquidity, improving the GLV [USDM-USDM] vault liquidity provider (LP) incentive design, optimizing the trading user experience, and collaborating with DeFi protocols built on MegaETH to leverage composability. However, the official launch date has not yet been determined. They expect to follow up as soon as MegaETH announces the next phase of ecosystem development plans.
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