MegaETH is the latest player in the Ethereum Layer 2 scaling solutions space. It promises fast and cost-effective transactions through its modular approach that helps the blockchain process 100,000 transactions per second in less than 0.001 second block time.
Developed by MegaLabs, and set to launch later in 2024, the project is backed by Ethereum co-founder Vitalik Buterin. It has recently raised $20 million from leading venture capital firms, including Dragonfly Capital. Understanding how MegaETH's technology works is key before jumping early on the project.
When Will MegaETH Launch?
MegaETH is set to launch its public testnet in September or October of 2024, with the mainnet anticipated to go live by the end of the year. The decision on whether MegaETH's native token will launch concurrently with the mainnet is still under consideration. Crypto users are already speculating about a potential MegaETH airdrop and are constructing strategies on how to farm it early.
Developers are welcome to join the MegaMafia Builder Program which supports global developers in collaborating with the MegaLabs team and advisors.
MegaETH Founding Team
MegaETH and its founders stand for the vision that they aren't just building yet another blockchain, but are rather transforming Ethereum to be a real-time network that will open the door for dapps that can compete even with the best Web2 applications in both speed and user experience.
The technology-first approach and support by leading VCs and core members from Ethereum and EigenDA create all the necessary conditions for the ideal launch of the MegaETH Layer 2 later in 2024.
ETH - The horizon will always be beyond what you imagine.
