What is MegaETH ($MEGA)?

2025-10-24 04:38:23

MegaETH ($MEGA) is an Ethereum Layer-2 (L2) blockchain designed for ultra-high throughput and sub-millisecond latency, enabling real-time transaction processing at over 100,000 TPS while maintaining full EVM compatibility. As Ethereum’s scalability challenges persist in $150 billion+ DeFi TVL ecosystem, MegaETH addresses the “blockchain trilemma” by splitting execution into specialized layers: Sequencer for ordering, Executor for parallel processing, and Verifier for ZK-proofs, ensuring secure, fast finality without compromising decentralization.

Core Technology: Three-Layer Architecture

MegaETH’s innovation lies in its modular design: Sequencer nodes batch transactions in real-time, Executor nodes distribute workloads across machines for massive parallelism, and Verifier nodes generate cryptographic proofs for Ethereum settlement. This enables sub-second confirmations even during congestion, outperforming Solana’s 65,000 TPS and Ethereum’s 30 TPS. The $MEGA token, with a 10 billion total supply, powers governance, staking for sequencer nodes, and fees, with 5% allocated for a public English auction starting at $1 million FDV and capping at $999 million to prevent overvaluation.

(Sources: TradingView)

Funding and Community Engagement

MegaETH has raised $37.73 million, Backers include Dragonfly Capital, Vitalik Buterin, and 3,000 Echo users, emphasizing community conviction. The Fluffle NFT collection, a 10,000-piece soulbound series, grants at least 5% of $MEGA supply to holders, with traits like cabal affiliations and evolutions boosting allocations. Testnet campaigns and the ICO on Sonar prioritize “chronically on-chain” users and NFT owners for fair distribution.

MegaETH ($MEGA) Outlook: Enabling Real-Time DeFi

With mainnet slated for Q4 2025, MegaETH could capture 10% of Ethereum’s L2 market, enabling real-time dApps for gaming and DeFi. Risks include sequencer centralization, but ZK proofs mitigate them.

In summary, MegaETH’s real-time Ethereum L2, backed by Vitalik and auctions, promises scalable DeFi innovation.

ETH-0,32%

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.