The L2 project MegaETH has officially announced the completion of its accelerator program, Mega Mafia. This program, which ran for two years, will no longer recruit new teams. Project co-founder Shuyao Kong confirmed that the decision was made as part of a strategic reorientation.
During its operation, Mega Mafia supported about 20 startups, which collectively raised approximately $80 million. This is an impressive figure for an incubator, but as Kong noted, most of the most successful applications have left the MegaETH ecosystem. Instead of scaling through external projects, the team will now focus on developing its own products.
In my view, this decision reflects a mature approach to resource management. Accelerators often turn into "project factories" that fail to bring long-term value to the parent network. MegaETH likely realized that diluting focus on external startups distracts from the core task—building high-performance infrastructure. Given that many "graduates" have left, winding down the program seems like a logical step to consolidate efforts.
Professional perspective: The success of Mega Mafia ($80 million in raised funds) indicates strong market confidence in the MegaETH brand. However, the departure of the best teams is a concerning signal. Now, the project must prove that it can create its own products capable of retaining liquidity and developers. If MegaETH truly transitions from the role of an "incubator" to that of a "builder," this could become its strongest competitive advantage compared to other L2 solutions.