MegaETH has launched its mainnet, aiming for high TPS and rapid finality, while introducing new features and a gradual token rollout.
The MegaETH project, built on Ethereum, has officially launched its public mainnet, positioning itself as a high-performance layer 2 solution. The platform aims to achieve an impressive 100,000 transactions per second (TPS) with rapid transaction finality.
Alongside the mainnet launch, MegaETH introduced "The Rabbithole," a user-friendly frontend designed for navigating the ecosystem. Users can access features like discovering live applications, bridging assets, and staying updated on ecosystem events.
Currently, over 50 applications are operational within the MegaETH network. However, the MEGA token will not be immediately fully available; its distribution will occur progressively in alignment with the blockchain's ongoing development.
Supporting the network’s economic activities is the stablecoin USDm, which will be utilized by major applications. The MegaETH Foundation has committed to using revenue generated from USDm to repurchase MEGA tokens.
The project previously launched a public testnet in March 2025, boasting speeds of 20,000 TPS and achieving a block processing time of 10 ms. In October, MegaETH successfully raised $1.39 billion through an ICO, experiencing significant oversubscription as demand surpassed supply by 27 times.
Despite facing technical challenges during the pre-deposit campaign last November, which resulted in attracting $500 million instead of the targeted $250 million, the project continues to advance.
