MegaETH pulled the plug on its Terminal points program on May 21, a full month before its originally scheduled June 23 end date. Eligible participants will receive rewards in USDM, the project’s yield-bearing stablecoin, based on their accumulated points and a final activity snapshot.
The move isn’t just an early wrap. It’s a consolidation play, with Terminal’s core features being absorbed into Rabbithole, MegaETH’s official application interface, creating a single entry point for users interacting with the chain.
What happened and why it matters
The Terminal program launched in late April 2026 as an engagement driver for the MegaETH ecosystem.
MegaETH’s leadership reviewed participation data and concluded the points system had already served its purpose.
