MegaETH launches public testnet, reaches 20,000 TPS on first day

#Ethereum scaling project #MegaETH has launched its public #testnet , reporting 20,000 transactions per second on its first day. The protocol takes an alternative approach to Ethereum scaling by aiming to be a high-throughput solution rather than relying on Layer 2 rollups.

MegaETH processes transactions off-chain while using Ethereum $ETH for security, leveraging alternative data availability solutions and specialized sequencers for parallel processing. The project aims to scale to 100,000 TPS in the future.