Megaeth Public Testnet was officially put online on March 6, 2025, marking a significant step for this high performance performance Ethereum layer 2 scaling solution. The deployment was progressive: from March 6 to March 10, the emphasis was placed on the integration of applications and infrastructure teams, allowing developers to integrate and adapt to Megaeth architecture. From March 10, the wider integration of users began, giving the public access to the test to test the network capacities. From the latest updates, the Megaeth testnet offers impressive performance – 20,000 transactions per second (TPS) with block times of 10 milliseconds and up to 1.7 gigagas per second of single calculation power.
This was demonstrated alive on March 20, 2025, when Megaeth broadcast Testnet ETH at more than 190,000 portfolios in just 15 seconds, presenting its real -time treatment potential. The network aims to possibly switch to 100,000 TP with the subsidian latency, positioning it as a competitor to high speed blockchains like Solana while taking advantage of Ethereum’s safety. Megaeth diverges from traditional layers based on layers 2 (such as arbitrum or optimism) by acting as an autonomous execution engine. He uses specialized nodes – sequeurs for the treatment of transactions, promoters for validation and replicas nodes for state updates – innovations alongside like parallel EVM execution and integration with Eignda for data availability.
This architecture targets applications in real time, such as high frequency games or trading, where low latency is critical. The public can now explore the testnet, where it can interact with applications, claim testnet ETH via a tap (or receive it directly during integration) and use native Metamasque integration. The articles on MEA of Megaeth Labs confirm the launch and underline its objective: to test the battle of infrastructure, to allow manufacturers to explore new technologies and to let users discover real -time applications – no air incentives, just a pure technological focus.
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Megaeth, an Ethereum Layer 2 scaling solution developed by Megalabs, has increased significant capital to feed its ambitious objective of achieving the performance of the blockchain in real time with more than 100,000 transactions per second (TPS). Dragonfly Capital leads the VC table with notable participants, notably the co-founder of Ethereum, Vitalik Buterin, the CEO of Consensys Joseph Lubin, the founder of Eigenlayer, Sreeram Kannan, Capital Capital, Robot Ventures, Folius Ventures, Tangent, Big Brain Holding Hasu and Mert Mumtaz.
The Tour was structured as Equity Plus tokens mandates, with an assessment of fully diluted tokens reported to a “nine -figure” amount, estimated at least $ 100 million. Funds were intended to develop the Megaeth protocol, with a main launch planned for later in 2025. Echo (December 13, 2024) Reason of $ 10 million. Directed on the Echo platform, this Tour has enabled more than 3,300 crypto-native investors to participate in a private financing event. It was completed in just three minutes, marking the biggest week in Echo investment volume at the time. This tour stressed the participation of the community, aligning with the ethics of Megaeth to give users “the skin in the game” rather than counting solely on the financing of traditional VC.
Megaeth launched “The fluffle” “ A collection of 10,000 NFTS (SBTS), sold at 1 ETH each. The sale occurred in two phases: Day 1 for the guaranteed white list addresses, and day 2 for the remaining white list participants on a basis of first arrival, first served. NFT holders are promised a 5% token allocation, with 50% unlocking the generation of tokens (TGE) and the rest acquired over six months. The sale involved an entirely diluted assessment (FDV) ranging from $ 540 million to $ 1.14 billion, according to the tokens supply assumptions, competitive with other Ethereum scaling solutions. Combining the seed round ($ 20 million), echo ($ 10 million) and NFT sales (27.73 million dollars), Megaeth obtained around $ 57.73 million in total funding by March 25, 2025.
Megaeth would have refused an VC offer of $ 1 billion to prioritize the distribution of wider token via community -oriented methods such as the sale of echo and NFT sale. This aligns with the feelings of supporters like BMAN of ABCDE VentureWho praised the project to promote community ownership to higher VC assessments. The funding supported the key stages, including the Public Testnet launch on March 6, 2025, which reached 20,000 TPS and 10 milliseconds of blocks during initial tests. This mixture of institutional support, community participation and innovative fund collection (via NFTS) reflects Megaeth’s strategy to mix solid financial support with a decentralized ethics, positioning it as a candidate for the Ethereum scale.
Despite the early hiccups, such as RPC memory problems reported shortly after the launch, the team refined the network, with full public access solidified by March 21, 2025. This launch, supported by 30 million dollars in heavy goods vehicles like Vitalik Buterin and Dragonfly Capital, NFT Sales, underlines the ambition of Megaeth to the limits of ethereum. That it can maintain these measures, and evolve more will be essential as it progresses towards a Mainnet version later in 2025. For the moment, it is live, operational and open to tests – punctuating web2 type performance with the web3 potential.
