Buterin and Dragonfly Invest in MegaETH: Mainnet Launch Date Announced

The highly anticipated MegaETH blockchain is scheduled to launch its public mainnet on February 9, 2026. This project has garnered attention due to its backing by Ethereum co-founder Vitalik Buterin.

Public Mainnet // 02.09.26 pic.twitter.com/fMcqVnQ7ZB

— MegaETH (@megaeth) January 28, 2026

MegaETH boasts a claimed throughput of 100,000 transactions per second with near-instant latency, all while ensuring compatibility with Ethereum. The development team envisions creating a "world computer" that merges Web2 server capabilities with distributed ledger technology. Developers are already utilizing the testnet to create various applications, including video games and prediction markets.

Investors in the venture include notable names such as venture firm Dragonfly Capital, Ethereum co-founder Joseph Lubin, EigenLayer creator Shriram Kannan, and Helius founder Mert Mumtaz. Last year, MegaLabs, the project's operator, conducted a token sale that saw demand skyrocket, with over 11,500 wallets contributing $300 million against an initial fundraising cap of $50 million. To distribute tokens, the team analyzed potential investors' social media activity.

The MegaETH ecosystem will also introduce a new stablecoin, USDm, which will generate yields and be issued by Ethena, with collateral sourced from a tokenized fund managed by BlackRock. Notably, a developer known as Gunboats successfully ported the mixer Tornado Cash to the MegaETH testnet in March 2025, marking a significant milestone for the project.