MegaETH cuts 20% of staff as it pursues AI business
DEFIMegaETHcoinbrief/daily · 2 sources
- Severity
- Medium
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What happened
MegaETH, an Ethereum scaling project, has reduced headcount by 20% while pursuing an AI business. DeFi total value locked on the chain reportedly fell from over $245 million to $8.8 million. The article gives no timeframe for the TVL decline and no further detail on the AI strategy.
For experienced traders · Written by AI from 2 sources · Wrong?
What to do
- Check whether any of your funds sit in DeFi applications on MegaETH, given the sharp fall in locked value.
- Watch for further detail on MegaETH's AI plans and any follow-up on its staffing changes.
Written by AI from the sources, checked against them
Full story timeline · 2 updates
Who reported · 2 outlets
CointelegraphCoinDesk
Who and what is in it
Companies