Euphoria is developing a consumer-oriented crypto derivatives platform that lets users trade options and perpetual contracts on MegaETH with a simple tap-based interface, removing the need to understand order books, margin, or leverage mechanics. Co-founded and led by CEO Nathan Worsley, the eight-person team is positioning the product as the Robinhood-style on-ramp for crypto derivatives, which represent roughly 80% of overall crypto exchange activity. Revenue will come from in-house market-making and trading fees, mirroring the model used by Hyperliquid. The company plans to launch its tap-trading product on MegaETH later this year and is considering a native token as part of its long-term roadmap. Future hiring includes three to five roles across engineering, product design, and growth. The latest funding places Euphoria’s post-money equity valuation in the “upper eight figures,” according to Worsley.

Total raised

$8M

Funding rounds

1

Latest round

Seed

Latest activity

Aug 2025