Architecture & Technology

Built on MegaETH

Euphoria runs on MegaETH, a high-performance EVM-compatible blockchain designed for real-time applications.

We chose MegaETH because Tap Trading depends on speed. Squares update continuously, market makers refresh quotes in real time, and trades need to settle in sub-second windows. MegaETH provides:

• 100k TPS with sub 10-ms blocktimes

• Full EVM compatibility, so contracts are auditable with standard tooling

• Low transaction costs, enabling small trade sizes without prohibitive gas

How a Trade Flows

A single tap moves through four parties:

1. Market makers provide the live quote shown on your square

2. You tap on a square to submit a trade from your wallet

3. The Euphoria smart contracts record the trade, hold positions, and handle settlement

4. Redstone oracle provides external price data used to validate settlement

Redstone Oracle

Euphoria uses a custom Redstone oracle for price validation and settlement.

The oracle provides trusted external market data used to:

• Verify reference market prices

• Determine final trade settlement values

• Ensure pricing integrity independent of Euphoria or market makers

Settlement outcomes are based on objective external data, not prices generated internally by the platform.