PANews reported on December 14 that MegaETH developer MegaLabs has completed $10 million in financing through the Echo platform, according to The Block. Shuyao Kong, co-founder of MegaLabs, stated that the structure of this financing round is a combination of equity and token warrants, similar to MegaLabs' $20 million seed round financing in June, with both rounds having a valuation in the 'nine figures.' Kong mentioned that although the over-the-counter (OTC) market has a 'significantly higher' valuation for MegaLabs, the valuation for the Echo round financing remains unchanged, prioritizing decentralization and community participation.

According to previous news, MegaETH's developer MegaLabs has completed a $20 million seed round financing, led by Dragonfly, with participation from Vitalik and others.