MegaETH, the much-watched high-performance Ethereum Layer 2 network, announced that its public mainnet will go live on February 9, marking a major milestone for a project that has gained a lot of attention in the scaling landscape.
MegaETH is positioned as a “real-time” blockchain for Ethereum, designed to deliver ultra-low latency and massive transaction throughput.
The project has attracted a lot of attention and capital over the past year. MegaETH has been backed by prominent figures in the Ethereum ecosystem, such as Ethereum co-founders Vitalik Buterin and Joe Lubin, and has raised millions of dollars to date. Most recently, in October 2025, it completed a $450 million token sale that was heavily oversubscribed, CoinDesk previously reported.
That sale, which offered roughly 5% of the protocol’s 10 billion MEGA supply, saw thousands of investors rush to make allocations within minutes, underscoring the intense demand for scalable next-generation infrastructure.
The project is being developed by MegaLabs, which raised $20 million in a seed round led by Dragonfly in 2024, pitching MegaETH as a new type of real-time blockchain rather than a traditional scaling solution.
MegaLabs has said that the protocol is designed for applications that need near-instant transaction speeds, such as trading platforms, games, and other consumer-facing crypto applications, an area where Ethereum has historically struggled during periods of heavy use.
Read more: MegaETH raises $450 million in oversubscribed token sale backed by Ethereum founders
