Binance listed MegaETH’s MEGA token on April 30 without receiving any project allocation or listing fee, marking a rare fee-free launch across major exchanges.
The listing follows MegaETH’s commitment to a no-pay policy, with platforms including Coinbase, Bybit, Upbit and Bithumb also adding MEGA without token incentives.
“MegaETH has not, and will not, give away MEGA tokens as ‘fees or airdrops’ to any centralised or decentralised exchange for a listing,”
The project said, adding listings should reflect demand rather than supply transfers.
The approach drew industry praise, with analysts suggesting the move signals a shift in how exchanges evaluate high-demand projects without relying on token allocations.
MEGA traded between $0.16 and $0.22 following launch, implying a fully diluted valuation of roughly $1.7 billion to $2 billion, with a circulating market cap near $190 million.
The token’s launch also delivered gains of around 2x for initial coin offering participants, though some reports of wallet drains linked to phishing highlighted ongoing risks.
The listing model may set a precedent for future Layer 2 launches, though replication will likely depend on whether other projects can generate similar organic demand.
At the time of reporting, MegaETH price was $0.1652.