MegaETH’s decision to shut down Terminal became the main lens for a broader conversation about whether crypto rewards can move past visible farming and toward real user activity. Cap framed the pivot as painful for MegaETH NFT holders in the short term, but potentially healthier if USDM, Rabbit Hole and MOSS SDK can reward people who actually use the network. That product shift sat alongside a livelier NFT market discussion, from Shellmates bringing back pre-reveal mint energy through onchain pet mechanics to Yuga moving quickly on a bot designed to protect collectors from sniper extraction. The show also touched on privacy infrastructure and protocol risk, but the strongest read was that crypto products are being forced to prove they can keep real users engaged after the farming game gets harder.

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