# MegaETH TVL Falls More Than 96% to $8.71 Million in Six Months By Enna Lee Canonical URL: https://www.tokenpost.com/news/investing/57603 Published: 2026-11-15T01:36:20.000Z Updated: 2026-11-15T01:36:20.000Z Section: Investing > MEGA’s first product under its $30 million treasury commitment is an AI inference marketplace planned for December. MegaETH’s decentralized finance (DeFi) total value locked (TVL) fell more than 96% in six months, reaching $8.71 million on Nov. 15 as its development group MEGA moves into AI inference. The network had about $246 million in TVL at its May 12 peak. TVL stood at $8.71 million on Nov. 15. TVL measures funds locked in a network’s DeFi applications. MegaETH is an Ethereum layer-2 network built for high-speed execution. Trading and gaming were among the applications it originally targeted. Separately, MEGA is developing products for the AI inference market. MEGA selected an inference marketplace as the first product under its [ $30 million commitment to products built on MegaETH](). The commitment is funded from the group’s treasury and is intended to support multiple products. The marketplace is planned to launch in December. The proposed marketplace would let customers obtain access to AI models from different providers. Its planned mechanisms include checking which model handled a request and reserving computing capacity at an agreed price. MEGA has not confirmed which features will be available at launch. MegaETH co-founder Shuyao Kong has described inference as a market MEGA is entering while maintaining that the company’s crypto-native identity and use of cryptography will shape its approach. Kong said the team saw blockchain and cryptography as ways to address inefficiencies in the inference market after MegaETH’s mainnet launched this summer. The product push follows a [completed restructuring that reduced MEGA’s team by 20%](). Kong said the departing employees had worked in areas including blockchain development, wallets and ecosystem support. The founders, early employees and core engineering staff remained with the group. ## Links in this article - [$30 million commitment to products built on MegaETH](https://www.tokenpost.com/news/technology/54197) - [completed restructuring that reduced MEGA’s team by 20%](https://www.tokenpost.com/news/business/56809)