MegaETH, the rising high-performance Ethereum Layer 2 community, introduced that its public mainnet will go reside on February ninth. It is a main milestone for a undertaking that has acquired quite a lot of consideration within the scaling discipline.
MegaETH positions itself as Ethereum’s “real-time” blockchain, designed to ship ultra-low latency and large-scale transaction throughput.
The undertaking has attracted important consideration and funding over the previous 12 months. MegaETH is backed by a few of the largest names within the Ethereum ecosystem, together with Ethereum co-founders Vitalik Buterin and Joe Rubin, and has raised tens of millions of {dollars} to this point. CoinDesk beforehand reported that it just lately accomplished a $450 million token sale in October 2025, which was considerably oversubscribed.
The sale provided roughly 5% of the protocol’s 10 billion MEGA provide, with hundreds of buyers speeding to allocate inside minutes, highlighting sturdy demand for next-generation scaling infrastructure.
The undertaking is being developed by MegaLabs, which raised $20 million in a seed spherical led by Dragonfly in 2024, pitching MegaETH as a brand new sort of real-time blockchain quite than a standard scaling resolution.
MegaLabs says the protocol is designed for purposes that require near-instantaneous transaction speeds, reminiscent of buying and selling platforms, video games, and different shopper crypto apps. That is an space the place Ethereum has traditionally struggled during times of heavy use.
Learn extra: MegaETH raises $450 million in Ethereum founder-backed oversubscribed token sale
