MegaETH Raises Deposit Cap to $1 Billion Amidst High Demand

MegaETH has rapidly adjusted its USDm stablecoin deposit cap, initially increasing it from $250 million to $1 billion in response to surging demand. This action came after the initial cap reached its maximum capacity within just 156 seconds. However, technical hurdles led to a subsequent adjustment down to $500 million. The team’s swift action highlights the challenges of managing large-scale liquidity events, showcasing the need for ongoing system optimization.