The team behind the L2 project MegaETH has made a strategic decision to shut down its accelerator, Mega Mafia. Project co-founder Shuyao Kong announced that the program, which has been running for two years, will not conduct a new round of participant recruitment. During its operation, the accelerator supported around 20 teams, which collectively raised approximately $80 million.
According to Kong, a significant portion of the successful applications that went through the program ultimately left the MegaETH ecosystem. As a result, the project intends to redirect resources toward internal development of its own products, abandoning the external accelerator format.
This decision reflects a growing trend among blockchain projects: instead of spreading efforts thin by supporting third-party initiatives, teams are increasingly focusing on building their own solutions capable of providing a sustainable competitive advantage. For MegaETH, which positions itself as a high-performance L2, focusing on internal products could be key to accelerating development pace and improving the quality of core infrastructure.
Expert opinion: The closure of Mega Mafia is a pragmatic move that signals market maturity. Amid fierce competition among L2 solutions, projects are forced to abandon "brand" accelerators in favor of targeted investments in their own technological nodes. The question remains whether MegaETH can retain the loyalty of developers who have already left the ecosystem and whether it will lose momentum in the race for liquidity.