MegaETH's decentralized finance total value locked (TVL) dropped sharply by over 96% in six months, falling from $246 million in May to $8.71 million by mid-November. This decline coincides with MEGA, the development group behind MegaETH, shifting its focus from DeFi applications like trading and gaming to developing AI inference products. MEGA is launching an AI inference marketplace in December, backed by a $30 million commitment to build products on the MegaETH network. Despite the pivot, MEGA maintains its crypto-native identity and plans to use blockchain and cryptography to improve inefficiencies in the AI inference market. The company recently restructured, reducing its team by 20%, but core staff remain to support the new direction.
MegaETH's recent TVL decline provides context for cryptocurrency market conditions. For readers following crypto broadly, here is Pluang's market snapshot as of Nov 15, 2026 08:31 WIB: out of 50 major cryptocurrencies priced on Pluang, 4 rose and 45 fell today. Notable movers include UNI at Rp86.611 with a 1-day change of -17.02% and a typical hold time of 66 days, AVAX at Rp125.681 down 16.18%, and FIL at Rp10.997 down 14.86%.
Binance Coin (BNB) fell to $568, marking a 2.21% decline in one hour and a 10.13% drop over 24 hours on Binance spot trading. During the same hour, liquidations across Binance, Bybit, and OKX totaled $380,000, with long positions accounting for the m...
Cardano (ADA) experienced a sharp 3.04% price drop within one hour to $0.1435 on Binance spot trading, accompanied by $110,000 in long liquidations across Binance, Bybit, and OKX. Over the past 24 hours, ADA's price fell 14.38%, reflecting significan...
Aster (ASTER) token saw a 4.20% price increase within one hour on Binance, rising from $0.4899 to $0.5105, yet it remains down 20.71% over the past 24 hours. The short-term price rebound did not offset the broader daily loss. Liquidations of $10,000 ...
NEAR Protocol's price fell to $2.94 on Binance, down 3.66% in the last hour and 14.37% over the past 24 hours. During the same hour, $210,000 worth of long positions were liquidated across Binance, Bybit, and OKX, indicating significant selling press...
Avalanche (AVAX) dropped 3.02% in the hour ending at 8:37 p.m. ET on Nov. 14, reaching $6.83 on Binance's spot market, down from $7.05 an hour earlier. Over the past 24 hours, AVAX declined 16.72%, showing a sharper drop over the longer period. Liqui...
