MegaETH is ending their point earning season early and shutting down the program.
A premature shutdown could mean a weak retention signal - the activity just wasn't there seems like.
This doesn't necessarily mean failure but moving goal posts instead of having a clear path isn't the best sign.
Abstract truly is becoming THE L2. Strong focus on UX, extremely scalable tek, and a clear path with phases on their ecosystem and growth.
The true chain for consumers.
After reviewing the Terminal data, we’ve decided to conclude the season early, and sunset our Terminal program.
The points distribution for Week 3 has gone out as normal and a snapshot has been taken of all user activity up to this point, which will be used in our final calculations. This decision did not come easy, but we believe this is what’s best to support our ecosystem.
Next week, we'll run a supplemental points distribution to thank all users who have been exploring and experimenting with the different apps throughout the program.
Eligible Terminal participants will receive a share of the rewards pool in USDM, based on the points accumulated to date as well as activity that supported Mega.
Early next week, we'll open a place on Terminal for one week so you can designate a wallet address to receive your rewards.
Terminal’s main features will be merged with Rabbithole, transitioning everything into one unified chain experience.
Thank you to everyone who has supported us this far. We can’t wait to show you what we have in store.
A note from Shuyao on what’s next: