- MegaETH will launch on mainnet on Feb. 9, 2026, as a self-described “real-time” blockchain.
- The network claims compatibility with Ethereum and a capacity of “100,000 transactions per second with millisecond-level responsiveness.”
- Backers include Vitalik Buterin, Joe Lubin, Dragonfly Capital, Sreeram Kannan, and Mert Mumtaz.
- Its 2025 ICO drew 11,534 wallets that pledged over $300 million, although only $50 million in tokens were available and allocations used investors’ social media history.
- The MEGA token traded at $0.18 on Hyperliquid futures, down about 60% from a $0.50 high in November; the project also plans a native stablecoin, USDm.
MegaETH, a high-speed blockchain backed by Vitalik Buterin, will launch on mainnet on Feb. 9, 2026, aiming to run applications at Web2 scale by offering what it calls a “real-time” platform with Ethereum compatibility. The founders say the network can reach “100,000 transactions per second with millisecond-level responsiveness.”
The project has drawn funding and support from a range of figures and firms, including Dragonfly Capital, Joe Lubin, Sreeram Kannan, and Mert Mumtaz. Developers have already built videogames, prediction markets, and payment applications on a MegaETH test network.
A 2025 initial coin offering attracted broad retail interest: 11,534 wallets pledged over $300 million, but only $50 million in tokens were available for purchase. To allocate tokens, MegaLabs assessed investors’ social media history when assigning allocations.
The team frames MegaETH as a path toward a global on-chain “world computer.” An explainer on the MegaETH website states, “Real-time blockchains will blur the line between Web2 servers and blockchains.” The project emphasizes maintaining compatibility with Ethereum while increasing throughput and lowering latency.
MegaLabs also announced plans for a native stablecoin. The company said the stablecoin, USDm, would be backed by BlackRock‘s tokenised treasury fund and issued by Ethena. On secondary markets, the MEGA token was trading at $0.18 on Hyperliquid futures, a decline from its November peak of $0.50.
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