MegaETH shutters accelerator as startups migrate to rival networks

The accelerator aimed to foster growth by providing technical and market support without taking equity or governance rights. Core team member Shuyao Kong noted that this open approach, while successful in helping founders raise funds, did not guarantee long-term alignment with the network. Projects like Global Token Exchange, Noise, and HelloTrade eventually migrated to competing chains like Base and Monad, leaving little economic value within the MegaETH network.

Moving forward, MegaETH is shifting its strategy toward developing first-party consumer applications, dubbed "OMEGA" projects. By bringing product development in-house, the team intends to capture user activity and economic value directly rather than relying on independent startups. This pivot marks a departure from the growth model that helped trigger the network's MEGA token launch in April, signaling a new focus on building infrastructure-specific products to ensure ecosystem retention.