Data from GMGN puts dog at the top of the 24-hour KOL net inflow ranking for crypto tokens. dog saw roughly $2,000 in net inflows over the period, rose 206.6% in 24 hours, and last changed hands around $0.0001. biketyson also absorbed about $2,000 in KOL net inflows, but its 24-hour jump was much larger at 16,165.1%, pushing the latest price to $0.0005. TripleT took the No. 3 slot with $1,000 in net inflows, up 51.3% to $0.0136. AERO followed with net inflows of $549 and a 52.4% gain to around $0.0001. MEGUSTA completed the top five with $460 in net inflows and a 13.6% rise, also trading near $0.0001. The data tracks the top five assets by 24-hour KOL net inflows, with abbreviated token identifiers listed for each: G2Xh....ump, CbyT....ump, J8PS....ump, 45p6....ump and EzX3....ump. All figures come from GMGN.

Selling blockspace is no longer a strong standalone business for blockchain networks, according to a new analysis from Castle Labs Research translated by TechFlow and published by MarsBit. As infrastructure gets cheaper and more interchangeable, the gap between application fees and chain-level fees keeps widening, leaving many networks with growing usage but weaker direct revenue capture. The report groups recent responses into two tracks. One is ecosystem expansion, where chains such as Arbitrum and Polygon try to earn more through infrastructure distribution, payments, and revenue-sharing arrangements. The other is product expansion, where networks such as MegaETH and Sophon move closer to the application layer and try to internalize value that would otherwise accrue to third-party builders. The piece highlights Arbitrum Stack’s revenue share from Robinhood’s L2, Timeboost’s treasury contribution, Polygon’s role in stablecoin payments, MegaETH’s first-party app strategy and USDm stablecoin model, and Sophon’s shift away from operating its own chain. The broader argument is that chains are no longer content to remain neutral infrastructure providers. More of them are trying to become ecosystem operators, application owners, or both, as they search for revenue models that can better support token value and long-term sustainability.

Over $1.839 billion in token unlocks are scheduled from June 1 to July 1. RAIN's single $713 million unlock, plus WET/STBL/MEGA with extreme supply ratios, pose the highest sell pressure risks.

Global crypto market cap slips 0.6% to $3.26T. Bitcoin falls 1.5%, Ethereum barely holds. JasmyCoin jumps 25% as memecoins slump. Fear & Greed Index drops to 42. Marathon moves 519 BTC; Coinbase adds MegaETH to roadmap.

MegaETH Foundation launched a MEGA token buyback program using net income from USDm stablecoin as of April 30. Future repurchases will be programmatic, with size determined by USDm supply and reserve yield.

MegaETH's governance token MEGA started trading on 13 centralized exchanges and its own DEX on April 30, with only 11.3% circulating supply and over $78 million in 24-hour volume.

MegaETH has launched its mainnet with multiple early deployments already live. MEGA premarket trading opened on January 30 and is now near $0.135, while TGE and listing are expected between February and March 2026.

MegaETH said its first launch KPI has been met after 10 apps went live with real user activity, putting the MEGA token generation event on April 30, 2026. The market is now watching listing details, valuation, and post-launch usage data.