USDm TVL
Circulating USDm market cap (CoinGecko / megausd) since launch.
[MEGAFEES_]
The First Real-Time
Economics Dashboard.
>> USDM Yield + Network Fees · Live On-Chain Data · Updated Daily
USDM4 charts
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USDm TVL
USDm vs USDT0 + USDe
Top Holder Concentration
Destination Apps
USDm share
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Mega3 charts
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MEGA Holders
Committed vs Free Float
MEGA P/E
Committed share
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$Revenue
3 charts
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Daily Revenue
Annualized Revenue
Cumulative Revenue
Annualized
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Cumulative
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VSComparison
3 charts
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Forecast
Chain Revenue
P/E Ratio
Forecast
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MEconomics
1 chart
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M0
M1
M0
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M1
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USDM
USDm vs USDT0 + USDe
USDm market cap vs USDT0 and USDe supply on MegaETH, sourced from Blockscout.
USDT0 and USDe are sourced from MegaETH Blockscout. When transfer-history reconstruction is unavailable, each line falls back to the live Blockscout supply snapshot.
Top Holder Concentration
Tracks the current biggest USDm holder and its share of total supply through time.
Loading USDm holder concentration…
Where USDm Goes
A Sankey-style destination proxy built from DefiLlama app-level TVL shares on MegaETH.
Loading USDm destination apps…
MEGA Holders
Unique wallets and contracts holding a positive MEGA balance, plus 1k+/10k+/100k+/1M+ holder cohorts reconstructed from Blockscout transfer history, with absolute and 100% stacked views.
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Committed vs Free Float
Historical circulating MEGA split between Terminal commitments and liquid supply, with absolute, stacked and percentage views.
Loading MEGA committed vs free float…
MEGA P/E Since TGE
MEGA token market cap divided by MegaETH annualized revenue, tracked day by day since the MEGA TGE.
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Daily Revenue
USDm reserve yield vs MegaETH network fees, day by day since launch.
Estimated (based on current TVL flat baseline)
$Annualized Revenue
Run-rate projection: 7-day rolling daily revenue × 365.
Run-rate = (daily USDm yield + 7-day avg network fees) × 365.
Cumulative Revenue
Running total of daily revenue accumulated since Feb 9, 2026.
Forecast
Hypothetical annualized revenue if MegaETH had the DeFi TVL of other major chains.
Hypothetical run-rate = (chain DeFi TVL × USDm APY) + MegaETH 7d-avg network fees × 365.
Chain Revenue
MegaETH's latest daily on-chain revenue ranked against DefiLlama's revenue/chains leaderboard.
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P/E Ratio
Market cap divided by annualized revenue for every chain currently visible in Chain Rank, plus MegaETH.
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MM0
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Tokenized USDM minus lending vault reserves.
MM1
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M0 plus liquid USDM-denominated deposit claims.
MM0 / M1 History
Daily reconstructed USDM money supply: base money vs liquid deposit claims.
Timeframe
Full history
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USDM Money Supply
These figures are preliminary and should be treated as a high-level view of the MegaETH economy rather than a final accounting source.
M0 consists of USDM held by the public outside deposit-taking protocols, centralized exchanges, and companies. In this dashboard, DEX and spot liquidity stays in M0, while USDM held inside lending vaults and reserves is excluded.
M1 adds liquid USDM-denominated claims on top of M0, including demand deposits at deposit-taking protocols and other checkable or savings-like deposits. When M1 rises well above token supply, it means credit claims are circulating while part of the underlying USDM has been lent out.
M2 would add USDM time deposits and maturing assets under six months. It is not shown yet because a meaningful time-deposit market has not appeared.
Inspired by PaperImperium
Transaction Revenue Breakdown
Daily aggregate of network fees and USDm yield.
| Date | Tx Fees (ETH) | Tx Fees (USD) | USDm Revenue |
Total Daily |
|---|---|---|---|---|
| Loading… | ||||
Network fees source: MegaETH Blockscout. ETH is exact; USD is derived from ETH price data.
How USDm Powers MegaETH
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- USDm is MegaETH's native stablecoin, backed by Ethena's delta-neutral reserves.
- Its reserve yield (~3.09% APY) funds sequencer operations across the network.
- This yield-funded model means gas costs approach zero for end users.
- Every dollar held in USDm directly subsidizes MegaETH's economic security.
Daily Revenue = TVL × ~3.09% ÷ 365
Apps
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