MegaETH cuts staff 20% as it shifts toward AI business
In short
MegaETH cut its staff by 20% while it moves toward an AI business.
What the reporting says
MegaETH cut staff by 20% while pursuing an AI business push, according to the headline and published summary. The only cited market signal was that decentralized finance total value locked on MegaETH fell sharply from more than $245 million to $8.8 million. The note links the staffing move and business shift to that drop, but gives no further official details on timing or execution.
Why it matters
The same summary says decentralized finance total value locked on MegaETH dropped from over $245 million to $8.8 million, indicating a steep fall in activity on the platform.