MegaETH Launches Mainnet With Extreme Throughput

Computer scientist Yilong Li debuted the MegaETH public mainnet to eliminate the persistent latency bottleneck hindering contemporary decentralized applications. This formidable architecture targets 50,000 transactions per second to enable instantaneous, high-frequency on-chain user interactions.

The activation transpired on 9 February 2026 across the Ethereum ecosystem following a massive $1.39 billion public crowdfunding event. Over 50 live applications immediately populated the MegaETH network to capitalize on 10 millisecond block times.

Leadership initiated this specific "real-time" protocol because traditional blockchains suffer from storage delays and sequential execution ceilings. By utilizing the SALT in-memory system, the network decouples execution from settlement to provide unparalleled Web2 level responsiveness.

Engineers will unlock the native MEGA token only after the ecosystem achieves one of three performance-based success milestones. Consequently, all yield from the native USDm stablecoin will fund a buyback program to secure long-term asset scarcity.

Base App Removes Farcaster to Refocus On Onchain Trading

The Base App officially removed its Farcaster-powered social feed this Monday to prioritize core onchain trading features. This strategic update replaces the previous Talk feed with a streamlined interface dedicated to tradable assets and real-time network activity. Coinbase is also sunsetting its Creator Rewards program after paying out $450,000 to roughly 17,000 active participants.

Base lead Jesse Pollak explained that the wallet was never intended to function as a full-featured social client. He emphasized the need for the product to maintain a singular focus on liquidity and decentralized exchange interactions. Removing the Farcaster social content allows the team to improve the speed and reliability of the primary trading engine for its global users.

Polymarket Partners With Kaito For Attention Markets

Polymarket announced a partnership with Kaito AI this Tuesday to launch a new class of social attention markets. Users will soon wager on metrics like brand popularity and public sentiment across platforms like TikTok and YouTube. Kaito CEO Yu Hu noted that these markets quantify mindshare more accurately than traditional surveys by tracking the actual volume of online discussion.

The expansion is scheduled to begin in early March with dozens of contracts covering the artificial intelligence and finance sectors. Polymarket intends to scale this specific offering to thousands of unique markets by the end of the 2026 calendar year. This collaboration follows a period of massive growth where the platform processed $7.7 billion in total January trading volume.

Backpack Exchange Unveils Novel Tokenomics Growth Plan

Backpack revealed a new tokenomics strategy on Monday designed to prevent insiders from offloading assets on retail investors. The exchange will release 25% of its total 1 billion token supply during the upcoming token generation event. Notably, 240 million tokens are reserved for points holders, while 1 million tokens will go to Mad Lads NFT investors.

CEO Armani Ferrante stated that the team will only earn wealth from the project following a successful public exit. Future token unlocks are strictly tied to specific growth triggers such as launching in new regions or releasing financial products. This metrics-based approach aims to align long-term corporate success with the rewards distributed to the active Backpack community members.

Data of the Day

Bitcoin’s recent correction to roughly $60,000 likely represents the halfway point of the current bear market cycle. A report from Kaiko Research on Monday highlighted a 30% drop in spot trading volume across the top 10 global exchanges. This specific decline suggests the market has transitioned out of its post-halving euphoria and into a standard twelve-month accumulation phase.

Analysts observed that combined futures open interest fell from $29 billion to $25 billion during the recent deleveraging event. While some experts view the $60,000 level as a local bottom, others warn that historical retracements could imply deeper targets. Determining the total depth of this cycle remains difficult as multiple catalysts from the previous rally still remain in effect.

More Breaking News

• Jump Trading will provide market-making services to Polymarket and Kalshi in exchange for small equity stakes in the multi-billion dollar platforms.
• Tether Investments made a strategic investment in LayerZero Labs to support cross-chain interoperability and the development of autonomous AI "agentic finance" applications.
• MoonPay partnered with human resources platform Deel to enable 40,000 businesses to pay employee salaries directly in stablecoins across European markets.
• Kraken replaced CFO Stephanie Lemmerman with Robert Moore as the crypto exchange prepares for a confidential $20 billion US initial public offering.
• Blockchain.com secured registration from the UK Financial Conduct Authority, allowing the York-founded exchange to offer regulated brokerage and custody services nationwide.
• Michael Saylor predicted Bitcoin will significantly outperform the S&P 500 while vowing that Strategy will continue buying the asset every single quarter.
• Vitalik Buterin called for a rethink of AI development, suggesting Ethereum could provide essential privacy and economic coordination infrastructure for future AGI.
• A CertiK report revealed prediction market volumes quadrupled to $63.5 billion in 2025, while warning of structural risks from potential wash trading.
• The European Union is considering a complete ban on crypto transactions with Russia to prevent sanctioned entities from using digital assets.

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