There are a lot of people who still are not aware of the stablecoin flywheel model on MegaETH.
> $USDM is issued via Ethena’s stablecoin stack.
> Yield from $USDtb reserves is redirected to sequencer OPEX.
> Gas on MegaETH remains sub-cent and predictable, while the network accrues durable cash flows.
This creates a scalable flywheel:
lower fees → more usage → greater stablecoin adoption → more yield → stronger network.
Potential Revenues from $USDm:
$1B supply: ~$35–120M revenue
$5B supply: ~$175–600M revenue
$10B supply: ~$350M–1.2B revenue
If MegaETH can manage to just grab a top 10 position it will be potentially meaningful in terms of chain revenues.
And with the incentive unlike other chains I don't understand why it doesn't make more sense to transact here than most places.
MegaETH tokenomics are probably my favorite out of any gas layer currently, maybe outside of Hyperliquid (if that counts).
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