Performances
RD Popularity Index
RD Growth Index
Comparison
Follow Updates
Follow Lists
People
About Euphoria Finance
Euphoria Finance is a derivatives trading application built on the MegaETH network. Its core offering is a "tap trading" interface: users observe price charts and tap grid positions to predict the next price movement, making options and perpetuals trading feel like a simple game. Behind this simplified frontend is a CLOB-based market-making engine that aggregates liquidity for options and perpetuals.
The platform's main selling point is accessibility. Traditional derivatives trading involves complex concepts like margin management, leverage settings, and risk tracking, which create high barriers for newcomers. Euphoria strips away these complexities, allowing users to speculate on market direction and volatility with a single tap. The gamified design—including points, streaks, and leaderboards—adds a social and competitive layer that traditional trading platforms lack.
As of the recent period, Euphoria Finance holds approximately $148,000 in total value locked, ranking #96 among derivatives protocols tracked by DefiLlama. Its 30-day perpetual trading volume is around $673,000. The platform currently operates exclusively on MegaETH, which accounts for 100% of its activity. Notably, the service is unavailable to users in the United States, and the relatively low TVL and trading volume suggest early-stage adoption with limited market traction.
Euphoria Finance, a mobile-first crypto derivatives trading app built on MegaETH, has marked several milestones with long-term significance. In late 2024, it secured a $2.5 million pre-seed round, followed by a $5 million seed round from February to July 2025, totaling $7.5 million. The seed round was led by Karatage, with participation from Figment Capital, Robot Ventures, Bankless Ventures, and over 100 angel investors including Infinex founder Kain Warwick and GSR's Frank Chaparro. This funding, structured as SAFE with token warrants, valued the project in the 'high eight figures' and signaled strong institutional confidence. Another notable milestone was its growing influence in the crypto community: in early July 2025, RootData data showed Euphoria Finance gained the most new top-follower accounts on X within seven days, attracting prominent traders like Ansem, 2Lambroz, and Leo the Horseman. This organic interest from key opinion leaders highlighted its potential as a breakout consumer app. The project's core innovation, 'Tap Trading,' simplifies derivatives trading into a single tap on a price chart, aiming to onboard a new generation of mobile-native users—positioning it as a potential 'Robinhood for crypto.' Its planned mainnet launch on MegaETH within the year and the possibility of a native token further underline its long-term strategic direction.
Euphoria Finance's key progress in the past six months centered on May 2026: mainnet launch on MegaETH on May 14, Tap Trading one-click trading feature on May 16 targeting mobile low-latency experience, and MoonPay fiat on-ramp integration on May 19 to lower user barriers. The project disclosed $7.5M seed funding from Robot Ventures, Karatage, Figment, among others. On-chain data as of August 2026: TVL ~$148K, 30-day perp volume ~$673K, still early stage.
Future roadmap focuses on scaling liquidity pools, adding new trading pairs, and gamification mechanics (points boosts, clans, progression systems) to boost retention. The team emphasizes continuous optimization of real-time trading on MegaETH and exploring cross-app collaborations. Overall, the project remains in early growth; sustained liquidity depth and user retention will determine its trajectory.
Co-founders of Euphoria Finance: Casey Craig and Johnny Gannon.
Casey Craig: Co-founder and DeFi builder. She advocates a mobile-first, game-like trading experience on MegaETH and has shared insights on MEV and MegaETH architecture in public podcasts.
Johnny Gannon: Co-founder. His detailed background is not publicly disclosed.