GMX Addresses Concerns Over MegaETH Launch Progress

GMX has responded to community concerns regarding the slow progress of MegaETH's launch. According to ChainCatcher, the MegaETH mainnet has been operational since the second week of February, but its ecosystem development is still in the early stages. The current total value locked (TVL) on the chain remains limited, with most protocols still undergoing testing and optimization. GMX stated that its smart contracts have been deployed on the chain, and the team is working on several preparatory tasks. These include ensuring initial liquidity, refining the liquidity provider (LP) incentive design for the GLV [USDM-USDM] vault, optimizing the trading user experience, and collaborating with DeFi protocols built on MegaETH to leverage composability advantages. However, a formal launch date has not been set, and GMX plans to follow up promptly after MegaETH announces its next phase of ecosystem development.