MegaETH, the much-watched high-performance Ethereum layer-2 community, introduced that its public mainnet will go dwell Feb. 9, marking a serious milestone for a venture that has gained numerous consideration within the scaling panorama.
MegaETH positions itself as a “real-time” blockchain for Ethereum, designed to ship ultra-low latency and large transaction throughput.
The venture has attracted important consideration and capital over the previous yr. MegaETH has been backed by distinguished figures within the Ethereum ecosystem, like Ethereum co-founders Vitalik Buterin and Joe Lubin, and has raised thousands and thousands of {dollars} up to now. Most not too long ago in October 2025, it accomplished a $450 million token sale that was closely oversubscribed, CoinDesk beforehand reported.
That sale, which provided roughly 5% of the protocol’s 10 billion MEGA provide, noticed 1000’s of traders rush into allocations inside minutes, underscoring intense demand for next-generation scaling infrastructure.
The venture 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 reasonably than a standard scaling resolution.
MegaLabs has mentioned that the protocol is designed for functions that want near-instant transaction speeds, akin to buying and selling platforms, video games and different consumer-facing crypto apps — an space the place Ethereum has traditionally struggled during times of heavy use.
Learn extra: MegaETH Raises $450M in Oversubscribed Token Sale Backed by Ethereum Founders
