COINDESK · 2026-11-14 16:33 UTC

Ethereum scaling project MegaETH slashes staff by 20% as it pursues AI business

MEGA, developer of Ethereum scaling network MegaETH, cut 20% of its staff, affecting blockchain, wallet and ecosystem teams; founders and core engineers remain. The company plans to launch an AI model marketplace in December, funded by a $30 million treasury commitment, after rebranding from the MegaETH Foundation. MegaETH's DeFi total value locked is $8.8 million, down from a peak above $240 million, and its token has fallen more than 70% this year.

Loading the story on Tree News…