World Markets Launches Unified 'Everything DEX' on MegaETH
World Markets has launched its "Everything DEX" on the MegaETH platform. The new decentralized exchange unifies spot trading, perpetuals, and lending into a single cross-margin venue. This integrated model aims to provide a more powerful and composable on-chain trading experience.
- The proprietary ATLAS risk engine is a key innovation, enabling portfolio-level netting that recognizes hedged positions (like a basis trade) as having zero directional risk. This allows for significantly higher capital efficiency compared to other DEXs. - World Markets is one of the first three applications to launch on the MegaETH mainnet, which went live on February 9, 2026. Shortly after its debut, World Markets secured approximately $6.3 million in Total Value Locked (TVL), making it the third-largest protocol on the new network. The largest protocol by a significant margin is a DEX named Kumbaya, with over $51 million in TVL. - A core feature is the elimination of Auto-Deleveraging (ADL), a mechanism on many exchanges that can forcibly close profitable positions to cover losses from other traders' liquidations. This "No ADL" approach is designed to protect traders who are delta-neutral or have properly hedged positions from being unfairly liquidated during market volatility. - The MegaETH blockchain provides the foundational infrastructure, targeting over 100,000 transactions per second with sub-millisecond latency. The project is backed by notable figures including Ethereum co-founder Vitalik Buterin, ConsenSys founder Joseph Lubin, and venture capital firm Dragonfly. - The founding team of MegaETH has a strong academic background, including CEO Yilong Li, a Stanford University PhD in Computer Science, and CTO Lei Yang, an MIT PhD. The Chief Business Officer, Shuyao Kong, is a Harvard MBA and previously served as the global head of business development at ConsenSys. - According to founder Kevin Coons, the platform is currently prioritizing asset listings and user traction over venture capital funding. Liquidity is being supported by the MegaETH team, and there are plans to release a mobile application later in the year. - The platform plans to introduce "vaults" for automated leveraged basis trades within one to two months of launch. While a token is a long-term possibility, the team has stated there is no set timeline for its release.
