The L2 project MegaETH has set the date for its MEGA token launch. The Token Generation Event (TGE) is scheduled for April 30.

MEGA TGE

APRIL 30, 2026 pic.twitter.com/XmtJdhEA8y

— MegaETH (@megaeth) April 23, 2026

The team announced the timeline after achieving their goal of launching 10 applications on the mainnet. These include the lending service Cap, the exchange Kumbaya, the gaming project ShowDown, and others.

Source: MegaETH.

Following the announcement, the price of the MEGA token dropped from $0.20 to $0.16 in pre-market trading.

Source: DropsTab.

Not all participants in the rewards program will receive the full amount of tokens on the release day. Only users from the Sonar Sale are eligible for a 100% unlock.

MegaETH is marketed as a "real-time blockchain" aiming for a throughput of 100,000 TPS and near-instant transaction finalization. However, current average daily metrics are around 30 TPS.

Source: MegaETH.

In October 2025, the team conducted an ICO, raising $1.39 billion from the token sale. Demand significantly exceeded supply: 11,534 wallets contributed $300 million against a limit of $50 million. The oversubscription was 27x.

As a reminder, in February 2026, the MegaETH developers launched the public mainnet.