{"id":"megaeth","title":"MegaETH","content":"**MegaETH** is an [Ethereum](https://iq.wiki/wiki/ethereum) [Layer 2](https://iq.wiki/wiki/layer-2) (L2) [blockchain](https://iq.wiki/wiki/blockchain) designed to achieve high transaction speeds and low latency. It was built to [leverage](https://iq.wiki/wiki/leverage) extreme [node](https://iq.wiki/wiki/node) specialization, eliminating [block](https://iq.wiki/wiki/block) [gas](https://iq.wiki/wiki/gas) limits and unlocking continuous compute for developers [\\[1\\]](#cite-id-kz5jkjf42o) [\\[2\\]](#cite-id-XedZRsdgGh).\n\n## Overview\n\nMegaETH is being developed as a high-performance [Ethereum](https://iq.wiki/wiki/ethereum) Layer 2 solution, focusing on achieving fast transaction processing speeds and lower [block](https://iq.wiki/wiki/block) times than many existing blockchains [\\[3\\]](#cite-id-R2KcFWFM2s).\n\nThe project was first conceptualized in 2022 by [Yilong Li](https://iq.wiki/wiki/yilong-li), with development commencing in mid-2024 following initial fundraising [\\[3\\]](#cite-id-R2KcFWFM2s). The core objective is to create a \"real-time [blockchain](https://iq.wiki/wiki/blockchain)\" capable of supporting [decentralized applications](https://iq.wiki/wiki/decentralized-application) (DApps) that require high throughput and responsiveness, such as those in [DeFi](https://iq.wiki/wiki/defi), GameFi, and SocialFi [\\[4\\]](#cite-id-rQ0a5BNm98).\n\nThe project aims for transaction processing speeds exceeding 100,000 transactions per second (TPS) and [block](https://iq.wiki/wiki/block) times under 10 milliseconds [\\[3\\]](#cite-id-R2KcFWFM2s) [\\[1\\]](#cite-id-kz5jkjf42o). This performance target involves design decisions that differ from some other L2s, particularly concerning decentralization of certain components like the sequencer [\\[5\\]](#cite-id-TrBUHHgUTZ). [MegaETH](https://iq.wiki/wiki/megaeth) utilizes EigenDA for data availability, leveraging [EigenLayer](https://iq.wiki/wiki/eigenlayer) restaking for security [\\[5\\]](#cite-id-TrBUHHgUTZ).\n\n## History\n\nMegaETH was initially conceptualized in 2022 by [Yilong Li](https://iq.wiki/wiki/yilong-li), a computer scientist [\\[3\\]](#cite-id-R2KcFWFM2s) [\\[5\\]](#cite-id-TrBUHHgUTZ). The idea was influenced by discussions around scaling blockchains and utilizing data availability layers [\\[5\\]](#cite-id-TrBUHHgUTZ). Development on the [blockchain](https://iq.wiki/wiki/blockchain) began in mid-2024 after a successful initial fundraising round [\\[3\\]](#cite-id-R2KcFWFM2s).\n\nKey milestones include:\n\n* 2022: Project conceptualized by [Yilong Li](https://iq.wiki/wiki/yilong-li) [\\[3\\]](#cite-id-R2KcFWFM2s).\n* Mid-2024: Development begins following seed funding [\\[3\\]](#cite-id-R2KcFWFM2s).\n* June 27, 2024: Raised $20 million in a seed round [\\[3\\]](#cite-id-R2KcFWFM2s).\n* November 20, 2024: Participated in World Computer Day event at Bangkok Devcon [\\[6\\]](#cite-id-skirS53Q7d).\n* December 13, 2024: Raised $10 million [\\[3\\]](#cite-id-R2KcFWFM2s).\n* February 5, 2025: Announced \"The Fluffe\" NFT collection [\\[3\\]](#cite-id-R2KcFWFM2s).\n* February 12-13, 2025: First phase of \"The Fluffe\" NFT mint took place [\\[3\\]](#cite-id-R2KcFWFM2s).\n* March 25, 2025: Announced efforts to eliminate [block](https://iq.wiki/wiki/block) [gas](https://iq.wiki/wiki/gas) limits [\\[6\\]](#cite-id-skirS53Q7d).\n* March 26, 2025: [Bitget](https://iq.wiki/wiki/bitget) Wallet announced native support for the [MegaETH](https://iq.wiki/wiki/megaeth) [testnet](https://iq.wiki/wiki/testnet) [\\[4\\]](#cite-id-rQ0a5BNm98).\n* April 22, 2025: Applications opened for MegaMafia 2.0 accelerator program [\\[6\\]](#cite-id-skirS53Q7d) [\\[7\\]](#cite-id-LWYv3wPSkB).\n\n## Technology and Performance\n\nMegaETH is designed as an EVM-compatible Layer 2 network, allowing existing [Ethereum](https://iq.wiki/wiki/ethereum) applications to potentially port over [\\[5\\]](#cite-id-TrBUHHgUTZ). Its primary focus is on achieving high-performance metrics.\n\nKey technical aspects and performance targets include:\n\n* Transaction Processing Speed (TPS): Aims for over 100,000 TPS [\\[3\\]](#cite-id-R2KcFWFM2s) [\\[1\\]](#cite-id-kz5jkjf42o). Private testing reportedly achieved 15,000 TPS [\\[5\\]](#cite-id-TrBUHHgUTZ).\n* [Block](https://iq.wiki/wiki/block) Times: Targets sub-10 millisecond [block](https://iq.wiki/wiki/block) times, with a goal of reaching 1 millisecond for \"real-time\" performance [\\[3\\]](#cite-id-R2KcFWFM2s) [\\[1\\]](#cite-id-kz5jkjf42o).\n* [Gas](https://iq.wiki/wiki/gas) Capacity: Aims for over 10 gigagas per second [\\[1\\]](#cite-id-kz5jkjf42o). Private testing showed usage of 1.5 gigagas, with plans that were set to double this with a proprietary parallelization engine [\\[5\\]](#cite-id-TrBUHHgUTZ).\n* Sequencer: Utilizes a single, centralized sequencer to minimize latency and maximize throughput [\\[5\\]](#cite-id-TrBUHHgUTZ). The sequencer posts [collateral](https://iq.wiki/wiki/collateral) that can be slashed if it acts maliciously, and a backup sequencer is planned [\\[5\\]](#cite-id-TrBUHHgUTZ).\n* Data Availability (DA): Outsourced to EigenDA, which is backed by [EigenLayer](https://iq.wiki/wiki/eigenlayer) restaking [\\[5\\]](#cite-id-TrBUHHgUTZ). This allows for higher bandwidth compared to posting data directly to [Ethereum](https://iq.wiki/wiki/ethereum) [blobs](https://iq.wiki/wiki/blobs) [\\[5\\]](#cite-id-TrBUHHgUTZ).\n* Network Structure: Includes a network of full nodes that update their states based on the sequencer, a network of provers for validity checks, and replica nodes that receive state differences (diffs) to update their states with lower hardware requirements [\\[8\\]](#cite-id-t5pQpscVmI).\n\n## Funding and Investors\n\n[MegaETH](https://iq.wiki/wiki/megaeth) has conducted multiple fundraising rounds to support its development.\n\n* Seed Round: Raised $20 million on June 27, 2024 [\\[3\\]](#cite-id-R2KcFWFM2s). Notable investors included [Dragonfly](https://iq.wiki/wiki/dragonfly) Capital, [Vitalik Buterin](https://iq.wiki/wiki/vitalik-buterin), and angel investor Santiago R. Santos [\\[3\\]](#cite-id-R2KcFWFM2s) [\\[5\\]](#cite-id-TrBUHHgUTZ). Other participants included Figment Capital and [Robot Ventures](https://iq.wiki/wiki/robot-ventures) [\\[5\\]](#cite-id-TrBUHHgUTZ). ABCDE Capital is also listed as an investor [\\[9\\]](#cite-id-4GIK7SqCcK) [\\[10\\]](#cite-id-n1fV7jduWq).\n* Additional Funding: Raised another $10 million on December 13, 2024, through Cobie's Echo platform [\\[3\\]](#cite-id-R2KcFWFM2s) [\\[5\\]](#cite-id-TrBUHHgUTZ).\n* NFT Sale: Planned to raise a further $27 million through the sale of \"The Fluffe\" NFT collection [\\[3\\]](#cite-id-R2KcFWFM2s). The sale aimed to raise $30 million [\\[5\\]](#cite-id-TrBUHHgUTZ).\n\nThe total funds raised by the end of Q1 2025 were expected to be around $57 million [\\[3\\]](#cite-id-R2KcFWFM2s).\n\n## The Fluffe NFT Collection\n\nOn February 5, 2025, the MegaETH team announced \"The Fluffe,\" a flagship soulbound (non-tradeable after minting) NFT collection [\\[3\\]](#cite-id-R2KcFWFM2s). The collection consists of 10,000 humanoid rabbit NFTs [\\[3\\]](#cite-id-R2KcFWFM2s).\n\n* Purpose: The NFT collection was launched as a method for public fundraising and to give the community \"meaningful skin in the game\" [\\[3\\]](#cite-id-R2KcFWFM2s). The team stated it aimed to avoid issues associated with points programs and attract users demonstrating \"conviction and commitment\" [\\[3\\]](#cite-id-R2KcFWFM2s).\n* Mint Details: The mint was whitelist-only [\\[3\\]](#cite-id-R2KcFWFM2s). Each NFT cost 1 ETH to mint [\\[3\\]](#cite-id-R2KcFWFM2s). The mint occurred in two phases.\n  * Phase 1: Started on February 12, 2025, lasting two days [\\[3\\]](#cite-id-R2KcFWFM2s).\n    * Day 1 (Feb 12): 5,000 NFTs available for a small number of wallets, including a guaranteed whitelist for dedicated supporters and partners (1,500 NFTs minted for free) [\\[3\\]](#cite-id-R2KcFWFM2s).\n    * Day 2 (Feb 13): 3,500 NFTs available for a larger pool of whitelist participants [\\[3\\]](#cite-id-R2KcFWFM2s). 5,000 registered wallet addresses were randomly selected for this first-come, first-served opportunity [\\[3\\]](#cite-id-R2KcFWFM2s).\n  * Phase 2: Was planned for an unconfirmed date \"a few months after the first phase\" [\\[3\\]](#cite-id-R2KcFWFM2s).\n* Token Allocation: The team plans to [airdrop](https://iq.wiki/wiki/airdrop) at least 5% of [MegaETH](https://iq.wiki/wiki/megaeth)'s token supply to NFT holders [\\[3\\]](#cite-id-R2KcFWFM2s). Token allocation is intended to increase as users \"evolve\" their NFTs [\\[3\\]](#cite-id-R2KcFWFM2s).\n* Design Features: Each Fluffe NFT has a unique appearance and belongs to one of 16 cabals [\\[3\\]](#cite-id-R2KcFWFM2s). Features include customizable cosmetics, a 2D profile picture, and an \"evolving\" option [\\[3\\]](#cite-id-R2KcFWFM2s).\n\n## Ecosystem and Use Cases\n\nMegaETH is EVM-compatible, allowing existing DApps to potentially migrate [\\[5\\]](#cite-id-TrBUHHgUTZ). The project aims to foster the development of new applications that [leverage](https://iq.wiki/wiki/leverage) its high speed and throughput capabilities [\\[5\\]](#cite-id-TrBUHHgUTZ).\n\n* MegaMafia: An accelerator program for early-stage founders building applications on MegaETH [\\[7\\]](#cite-id-LWYv3wPSkB). Participants co-build alongside the core team and advisors [\\[7\\]](#cite-id-LWYv3wPSkB). Applications for MegaMafia 2.0 opened on April 22, 2025 [\\[6\\]](#cite-id-skirS53Q7d) [\\[7\\]](#cite-id-LWYv3wPSkB). The program includes month-long offsites where founders co-live and build with the Mega core team, advisors, and alumni [\\[7\\]](#cite-id-LWYv3wPSkB). Applications opened April 23rd and rolling admissions were accepted through June 1st, 2025 [\\[7\\]](#cite-id-LWYv3wPSkB). Finalists were flown to New York in mid-June for in-person interviews [\\[7\\]](#cite-id-LWYv3wPSkB).\n* Potential Applications: The high performance is intended to unlock use cases not currently feasible on slower blockchains [\\[5\\]](#cite-id-TrBUHHgUTZ). Examples include high-frequency trading, institutional DeFi, and interactive gaming or streaming platforms [\\[5\\]](#cite-id-TrBUHHgUTZ). Projects mentioned in the MegaMafia context include decentralized exchanges (GTE, Valhalla), gamified trading (Euphoria), live streaming with betting (Sweep), and a 3D world engine (AWE) [\\[5\\]](#cite-id-TrBUHHgUTZ) [\\[7\\]](#cite-id-LWYv3wPSkB).\n\n## Partnerships\n\nMegaETH has established partnerships to expand its reach and ecosystem.\n\n* **Bitget Wallet:** On March 26, 2025, [Bitget](https://iq.wiki/wiki/bitget) Wallet announced native integration of the [MegaETH](https://iq.wiki/wiki/megaeth) [testnet](https://iq.wiki/wiki/testnet) [\\[4\\]](#cite-id-rQ0a5BNm98). This allows [Bitget](https://iq.wiki/wiki/bitget) Wallet users to access the [MegaETH](https://iq.wiki/wiki/megaeth) [testnet](https://iq.wiki/wiki/testnet), claim test tokens, interact with DApps, and provide liquidity directly within the wallet [\\[4\\]](#cite-id-rQ0a5BNm98). This integration enables users to explore [MegaETH](https://iq.wiki/wiki/megaeth)'s growing ecosystem ahead of incentive campaigns from both teams [\\[4\\]](#cite-id-rQ0a5BNm98).\n\n## Team\n\n* [Yilong Li](https://iq.wiki/wiki/yilong-li)\n* [Namik Muduroglu](https://iq.wiki/wiki/namik-muduroglu)\n* [Shuyao Kong](https://iq.wiki/wiki/shuyao-kong)\n* [Lei Yang](https://iq.wiki/wiki/lei-yang)","summary":"MegaETH is an upcoming high-performance Ethereum Layer 2 protocol aiming for sub-10ms block times and over 100,000 transactions per second. It utilizes a centralized sequencer and EigenDA for speed, backed by notable investors including Vitalik Buterin.","images":[{"id":"QmUXyjmxWJb4YN7hQhhctAMB4wcYoYUzcekxGWgUfDJ9pE","type":"image/jpeg, image/png"}],"categories":[{"id":"dapps","title":"dapps"}],"tags":[{"id":"Ethereum"},{"id":"Blockchains"},{"id":"Protocols"}],"media":[{"id":"QmWtKy9LPKGwoo3MsT6G3dGT38G5ig1sWXUDYN5WASBnkF","type":"GALLERY","source":"IPFS_IMG"}],"metadata":[{"id":"discord_profile","value":"https://discord.gg/megaeth"},{"id":"telegram_profile","value":"https://t.me/megaeth_labs"},{"id":"twitter_profile","value":"https://x.com/megaeth_labs"},{"id":"website","value":"https://www.megaeth.com/"},{"id":"github_profile","value":"https://github.com/megaeth-labs"},{"id":"references","value":"[{\"id\":\"kz5jkjf42o\",\"url\":\"https://www.megaeth.com/\",\"description\":\"MegaETH Official Website\",\"timestamp\":1750729041046},{\"id\":\"XedZRsdgGh\",\"url\":\"https://x.com/megaeth\\\\_labs\",\"description\":\"MegaETH X (formerly Twitter) profile\",\"timestamp\":1750729041046},{\"id\":\"R2KcFWFM2s\",\"url\":\"https://www.coingecko.com/learn/what-is-megaeth\",\"description\":\"What Is MegaETH: The Ethereum L2 Backed by Vitalik Buterin | CoinGecko\",\"timestamp\":1750729041046},{\"id\":\"rQ0a5BNm98\",\"url\":\"https://www.globenewswire.com/news-release/2025/03/26/3049318/0/en/Bitget-Wallet-Adds-Native-Support-for-MegaETH-Testnet-Unlocking-High-Speed-Layer-2-Ecosystem.html\",\"description\":\"Bitget Wallet Adds Native Support for MegaETH Testnet\",\"timestamp\":1750729041046},{\"id\":\"TrBUHHgUTZ\",\"url\":\"https://cointelegraph.com/magazine/megaeth-launch-could-save-ethereum-but-at-what-cost/\",\"description\":\"MegaETH launch could save Ethereum… but at what cost?\",\"timestamp\":1750729041046},{\"id\":\"skirS53Q7d\",\"url\":\"https://www.megaeth.com/community\",\"description\":\"MegaETH Community Page\",\"timestamp\":1750729041046},{\"id\":\"LWYv3wPSkB\",\"url\":\"https://www.megaeth.com/megamafia2\",\"description\":\"MegaETH MegaMafia 2.0 Page\",\"timestamp\":1750729041046},{\"id\":\"t5pQpscVmI\",\"url\":\"https://cointelegraph.com/magazine/megaeth-launch-could-save-ethereum-but at what cost/\",\"description\":\"MegaETH launch could save Ethereum… but at what cost?\",\"timestamp\":1750729041046},{\"id\":\"4GIK7SqCcK\",\"url\":\"https://pitchbook.com/profiles/company/607578-22#investors\",\"description\":\"PitchBook company profile\",\"timestamp\":1750729041046},{\"id\":\"n1fV7jduWq\",\"description\":\"fundraise from ABCDE\",\"timestamp\":1751454212693,\"url\":\"https://x.com/ABCDELabs/status/1763121447805780176\"}]"},{"id":"previous_cid","value":"\"https://ipfs.everipedia.org/ipfs/Qmb9B9jeYWj1wwJJYwsZaLc3vwif9Cd3Z7UrCZhoQ2KYAd\""},{"id":"commit-message","value":"\"Republishing MegaETH wiki\""},{"id":"previous_cid","value":"Qmb9B9jeYWj1wwJJYwsZaLc3vwif9Cd3Z7UrCZhoQ2KYAd"}],"events":[{"id":"4abe227e-abcc-4e0c-b533-3562cc3f650f","date":"2024-03","title":"MegaETH launch","type":"CREATED","description":"MegaETH was established by its cofounders in March 2024","link":"https://www.megaeth.com/","multiDateStart":null,"multiDateEnd":null}],"user":{"id":"0x8af7a19a26d8fbc48defb35aefb15ec8c407f889"},"author":{"id":"0x8af7a19a26d8fbc48defb35aefb15ec8c407f889"},"language":"en","version":1,"linkedWikis":{"blockchains":["ethereum"],"founders":["shuyao-kong","lei-yang","namik-muduroglu","yilong-li"],"speakers":[]}}