Overview
- Co-founder and CTO Lei Yang confirmed the February 9 public launch following a week-long review of network results.
- The seven-day run processed 10.7 billion transactions and peaked around 35,000 TPS, nearing an 11 billion target and reportedly exceeding Ethereum’s lifetime total.
- Select access included Web3 games Smasher, Crossy Fluffle, and Stomp.gg, with testers such as Moonrock Capital’s Simon Dedic reporting smooth, low-latency performance.
- MegaETH touts sub-millisecond latency and 100,000+ TPS capacity, with earlier controlled trials reaching 47,000 TPS, though real-world throughput typically falls below lab numbers.
- The project reversed a $500 million pre-deposit sale in November over configuration, multisig, and KYC errors, and it enters launch backed by Vitalik Buterin, Joe Lubin, and VCs like Dragonfly, Figment, and Big Brain after a $450 million token sale in October 2025.