StoryFunding
MegaETH mainnet ICO raises $1.39 billion with 27x oversubscription
MegaETH completed a mainnet ICO raising $1.39 billion, receiving 27x more capital commitments than available. The oversubscription demonstrated strong investor confidence in the Layer 2's real-time execution design. Tokens were set to unlock gradually in phases tied to the protocol's development milestones.
- MegaETH raised $1.39 billion in a mainnet ICO with 27x oversubscription.
- The MEGA token will unlock gradually rather than at mainnet launch, tied to protocol development stages.
- The funding will support ecosystem development, marketing and scaling infrastructure.