Gate News, March 6 — In response to community concerns about the slow progress of the MegaETH launch, GMX issued a statement saying that since the MegaETH mainnet went live in the second week of February, the ecosystem is still in the initial rollout phase. Currently, on-chain TVL remains relatively limited, and most protocols are still in testing and optimization stages. GMX stated that its smart contracts have been deployed on the chain, and the team is working on several preparations, including ensuring initial liquidity, improving the GLV [USDM-USDM] vault liquidity provider (LP) incentive design, optimizing the trading user experience, and collaborating with DeFi protocols built on MegaETH to leverage composability advantages. GMX mentioned that the official launch date has not yet been determined, but they expect to follow up as soon as MegaETH announces the next phase of ecosystem development plans.
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