MegaETH L2 by MegaETH Labs: status and timeline

Milestones

Next · 50+ applications live on mainnet

Public testnet launchedMar 2025Complete.
ICO raising $1.39 billion with 27x oversubscriptionOct 2025Complete.
Pre-deposit campaign raises $500 million (double the target)Nov 2025Complete.
Mainnet launches with 35,000 TPS in stress test9 Feb 2026Complete.
50+ applications live on mainnetTarget 9 Feb 2026Current milestone.

Most important updates

MegaETH mainnet launches with 50+ apps, 35k TPS test9 Feb 2026
MegaETH pre-deposit campaign raises $500 millionNov 2025
MegaETH mainnet ICO raises $1.39 billion with 27x oversubscriptionOct 2025
MegaETH public testnet reaches 20,000 TPSMar 2025

Upcoming

2026Gradual MEGA token unlock (next)
9 Feb 202650+ applications live on mainnet

Current obstacles

App ecosystem adoptionThe network launched with 50 applications, but sustaining growth requires attracting developers away from Ethereum, Solana and other established chains.
Validator decentralizationReal-time execution requires tight coordination among validators; ensuring decentralization while maintaining instant finality is an engineering challenge.
Sequencer centralizationCurrently the MegaETH sequencer is centralized. Decentralizing the sequencer while maintaining real-time finality is an open problem.

Physics limits

Real-time determinism and decentralizationProviding instant transaction finality across a decentralized network of validators requires solving distributed consensus problems that normally take rounds of communication.
Ethereum settlement bandwidthEthereum mainnet can process a limited number of transactions per second. As MegaETH grows, the cost of posting proofs to Ethereum becomes a bottleneck.
State growthLike all blockchains, MegaETH's state (account balances, smart contract code) grows over time, requiring full nodes to store ever-increasing amounts of data.

How it works

3 parts

Real-time execution

Transactions finalize immediately

Unlike typical rollups that batch transactions and wait for Ethereum confirmation, MegaETH uses deterministic ordering to finalize transactions instantly.

Ethereum settlement

Cryptographic proofs posted to Ethereum

Transaction batches are compressed and posted to Ethereum mainnet, where proofs verify the rollup's correctness.

Two-token economics

MEGA governance and USDm stablecoin

MEGA tokens control protocol upgrades and rewards. USDm is the native stablecoin used for gas fees and settlement.

Spec sheet

Spec	MegaETH L2
Target throughput	100,000 TPS^R (reported)
Stress test throughput (Feb 2026)	35,000 TPS^R (reported)
Block processing time (testnet)	10 milliseconds^R (reported)
Transaction finality	Near-instant (sub-second)^R (reported)
Applications on mainnet	50+^R (reported)

^R reported by the company

Update log

4 updates

About MegaETH Labs

The team behind MegaETH L2

MegaETH Labs

Ethereum Layer 2, real-time rollup, high-throughput blockchain

MegaETH Labs builds MegaETH, an Ethereum Layer 2 for real-time settlement. Mainnet launched Feb 9, 2026. Targets 100k TPS with near-instant finality. Raised $1.39B in ICO (27x oversubscription).

MegaETH targets 100k TPS with sub-second finality. Mainnet launched Feb 9, 2026 after stress test reaching 35k TPS.
ICO Oct 2025: $1.39B raised with 27x oversubscription. 50+ apps live on mainnet.
Ecosystem tokens: MEGA (governance), USDm (stablecoin). Team: <20 from top US universities.

megaeth.com (opens megaeth.com)Company profile →

Founded: 20233 yrs
Headquarters: United States
Status: Private
Valuation: $2Best. privateOct 2025estimate
Raised: $1.9B2 rounds
Last round: Pre-deposit campaign · $500MNov 2025
Works in: CryptoRollups & ZK proofs
Coverage: 1 program · 4 updateslatest 9 Feb 2026checked 10 Oct
People: Yilong LiFounderLei YangCTOShuyao KongChief Business OfficerLaura ShiChief Operating Officer

Spec

MegaETH L2

Target throughput

100,000 TPS^R (reported)

Stress test throughput (Feb 2026)

35,000 TPS^R (reported)

Block processing time (testnet)

10 milliseconds^R (reported)

Transaction finality

Near-instant (sub-second)^R (reported)

Applications on mainnet

50+^R (reported)

MegaETH L2

Milestones

Most important updates

Upcoming

Current obstacles

Physics limits

How it works

Transactions finalize immediately

Cryptographic proofs posted to Ethereum

MEGA governance and USDm stablecoin

Spec sheet

Update log

Mon 9 Feb

Nov 2025

Oct 2025

Mar 2025

About MegaETH Labs

Current obstacles

Physics limits

How it works

Transactions finalize immediately

Cryptographic proofs posted to Ethereum

MEGA governance and USDm stablecoin

Spec sheet

Update log

Mon 9 Feb

Nov 2025

Oct 2025

Mar 2025

About MegaETH Labs