Here's something wild about these two L1s—MegaETH is pulling in $60 million in prediction market volume for a network that literally hasn't gone live yet. Meanwhile, Monad's grinding through 2.8 million transactions every single day with a $276M market cap, but only capturing $2.3M in comparable metrics.

That 26x gap? It's not about tech specs or transaction speed. It's pure expectation arbitrage. MegaETH exists in this perfect state where it can't let anyone down because there's nothing to be disappointed by yet. No network congestion. No failed transactions. No "wait, this is it?" moments.

Monad's already trading at $0.024 and absorbed all the reality checks that come with an actual functioning chain. Users have poked it, tested it, formed opinions. The hype cycle already hit the "trough of disillusionment" phase and climbed back out.

It's the classic crypto paradox—vaporware commands premium valuations until it becomes actualware.