---
title: "What is MegaETH? Ethereum L2 with 100K+ TPS Explained"
date: 2026-04-21
author: "Irene Austria"
featured_image: "https://coinlaw.io/wp-content/uploads/2026/04/what-is-megaeth.jpg"
---

# What is MegaETH? Ethereum L2 with 100K+ TPS Explained

MegaETH is a high-performance Ethereum L2 with approximately 10ms block times and real-time transaction processing, per MegaETH’s official documentation. The project raised $107.68M across 5 funding rounds, according to ICODrops. MegaETH’s pre-mainnet stress test processed 10.7 billion transactions at a sustained throughput of 35,000 TPS in January 2026, and the network now secures $120.68M in total value according to L2BEAT.

## Key Takeaways

- MegaETH targets over 100,000 transactions per second with sub-10ms block times, per MegaETH’s official documentation
- The project raised ****$107.68****M across seed, echo, [NFT](https://coinlaw.io/nft-market-growth-statistics/), and public sale rounds, according to ICODrops tracking data
- MegaETH’s 7-day stress test processed **10.7** billion transactions at a sustained 35,000 TPS before the mainnet launched on February 9, 2026, per CoinMarketCap
- L2BEAT tracks **$120.68M** in total value secured on MegaETH
- A single centralized sequencer with zero upgrade delay is flagged as a critical risk by L2BEAT’s assessment

## How Does MegaETH Work?

MegaETH achieves its speed through node specialization, assigning different roles to different network participants. Think of it like a Formula 1 pit crew: one driver (the sequencer) makes split-second decisions, while the support team (replica nodes, provers) verifies results after the fact.

### 1. Transaction Submission and Sequencing

The sequencer functions as the block producer, the single node that decides transaction ordering, and it executes transactions, assembles them into mini-blocks approximately every 10 milliseconds, and broadcasts results roughly every 1 second as EVM blocks across the network.

### 2. Mini-Block Production

The system produces mini-blocks approximately every 10 milliseconds, and EVM blocks roughly every 1 second. MegaETH operates with approximately 10ms block times for real-time transaction processing. MegaETH uses SALT (Small Authentication Large Trie), an architecture that eliminates disk I/O by storing the authentication structure in RAM.

![Futuristic blockchain data flow system](https://coinlaw.io/wp-content/uploads/2026/04/futuristic-blockchain-data-flow-system.jpg "Futuristic blockchain data flow system")

### 3. State Propagation via Replica Nodes

Replica nodes receive blocks and execution results from the sequencer (mini-blocks produced approximately every 10 milliseconds, EVM blocks roughly every 1 second) and apply them to a local replica of the chain’s state without re-executing transactions. Full nodes receive blocks (approximately every 10 milliseconds as mini-blocks, roughly every 1 second as EVM blocks) and locally re-execute them, independently validating every state transition.

### 4. Data Availability on EigenDA

MegaETH integrates EigenDA v2 as its external data availability provider. The sequencer, which produces mini-blocks approximately every 10 milliseconds and EVM blocks roughly every 1 second, cannot submit blocks to L1 without a DA certificate.

### 5. Proof and Settlement

The network employs Kailua, a hybrid proof system using RISC Zero with Groth16 proofs, for dispute resolution. The proof system uses RISC Zero with Groth16 proofs, and the challenge period lasts a minimum of 7 days.

| Specification | Value |
|---|---|
| Block Time | Approximately 10 milliseconds (mini-blocks) |
| Target TPS | 100,000+ |
| Sustained TPS (Stress Test) | 35,000 |
| Data Availability | EigenDA v2 |
| Proof System | Kailua (hybrid, RISC Zero Groth16) |
| Base Stack | OP Stack |
| Gas Token | ETH |
| Chain ID | 4326 |
| Avg Cost Per L2 Operation | Less than $0.000001 |

*Source: MegaETH Documentation, L2BEAT*

## Why Does MegaETH Matter?

MegaETH’s stress test processed 10.7 billion transactions in 7 days, surpassing Ethereum’s entire 10-year transaction history.

DeFi TVL on MegaETH started at $40.3 million on launch day and grew 65 percent within one week to $66 million. Across our [DeFi market statistics](https://coinlaw.io/decentralized-finance-market-statistics/) coverage, rapid TVL growth in an L2’s first weeks often correlates with developer confidence, though sustained growth over months matters more.

MegaETH’s average cost per [L2](https://coinlaw.io/layer-2-networks-adoption-statistics/) user operation sits below $0.000001.

## Pros, Cons, and Risks

### Advantages

- Sub-10ms block times with a target of over 100,000 TPS enable real-time applications
- Transaction costs average less than $0.000001 per operation
- Built on the OP Stack with full EVM compatibility, so existing Ethereum tools and contracts work without modification
- Raised $107.68M across 5 investment rounds through October 2025

### Trade-offs and Risks

- The sequencer is a single centralized operator, creating a single point of failure for transaction ordering
- L2BEAT flags that funds can be stolen if a contract receives a malicious code upgrade, and there is no delay on upgrades
- The exit window is none, meaning instant upgradability of contracts
- The mainnet launched in February 2026, making it roughly 2 months old at writing

## MegaETH Funding and Milestones

MegaETH raised a total of $107.68M across 5 rounds. Yilong Li conceptualized MegaETH in 2022, targeting over 100,000 TPS with at least 5% of the token supply allocated to NFT holders, and the team secured its first institutional backing with a $20M seed round in June 2024.

![Futuristic cyber city with glowing pathways](https://coinlaw.io/wp-content/uploads/2026/04/futuristic-cyber-city-with-glowing-pathways.jpg "Futuristic cyber city with glowing pathways")

| Round | Date | Amount | Token Price | Pre-Valuation |
|---|---|---|---|---|
| Seed | June 27, 2024 | $20M | N/A | N/A |
| Echo | December 13, 2024 | $10M | $0.02 | $200M |
| NFT Sale (The Fluffle) | February 13, 2025 | $27.73M | N/A | N/A |
| Public Sale (ECHO) | October 30, 2025 | $49.95M | $0.0999 | $999M |

*Source: ICODrops*

The MEGA token has a total supply of 10,000,000,000, with 53.3% (5.33 billion MEGA) allocated to KPI Staking for milestone-based rewards linked to network adoption and technical performance.

The founding team includes Yilong Li (CEO, PhD in Computer Science from Stanford University, specializing in low-latency data center computing) and Lei Yang (CTO, PhD in Computer Science from MIT, researching decentralized systems).

## Real-World Applications

### DeFi and High-Frequency Trading

MegaETH’s DeFi TVL reached $66 million within its first week of mainnet operation, indicating early interest from DeFi protocols that build on [crypto exchange market data](https://coinlaw.io/crypto-exchange-statistics/) patterns.

### On-Chain Gaming

The stress test included Web3 gaming applications running alongside Ethereum transfers and AMM swaps.

### Scenario: A Simple MegaETH Transaction

Alice swaps tokens on a MegaETH DEX using a standard wallet (compatible with tools like [MetaMask](https://coinlaw.io/metamask-wallet-statistics/)). The sequencer orders her swap, produces a mini-block, and replica nodes apply the state diff. EigenDA stores the data, and Kailua settles the proof on Ethereum L1. Alice sees her new balance in under a second.

## Frequently Asked Questions (FAQs)

**What is MegaETH?**MegaETH is a high-performance Ethereum L2 with approximately 10ms block times and real-time transaction processing. It targets over 100,000 transactions per second and uses EigenDA for data availability, settling all transactions on Ethereum L1.

 

**Who founded MegaETH?**Yilong Li (CEO) holds a PhD from Stanford University in low-latency data center computing, and Lei Yang (CTO) holds a PhD from MIT in decentralized systems. Shuyao Kong and Namik Muduroglu co-founded MegaETH alongside Li and Yang.

 

**Is MegaETH decentralized?**MegaETH currently runs a single centralized sequencer with no upgrade delay. The team plans to decentralize the sequencer over time, but no binding timeline exists as of April 2026.

 

**When did MegaETH launch its mainnet?**MegaETH launched its public mainnet on February 9, 2026, following a 7-day stress test that began January 22, 2026. The stress test processed 10.7 billion transactions at a sustained throughput of 35,000 TPS.

 

 

## Conclusion

MegaETH targets over 100,000 TPS with sub-10ms block times, making it one of the fastest Ethereum L2s available. With $107.68M raised across 5 funding rounds, the project has significant financial resources behind it.

The speed comes with a trade-off. A single sequencer and zero upgrade delay mean users trust the operator, a risk L2BEAT labels critical. MegaETH’s long-term viability depends on whether it can decentralize without sacrificing the sub-10ms latency that defines it.

Definition of EVM. Link to full glossary entry follows the description.**EVM**The Ethereum Virtual Machine is the runtime environment that executes smart-contract bytecode across every Ethereum node, using a 256-bit stack architecture and [gas](https://coinlaw.io/glossary/gas-fee/)-metered computation.

[Read more](https://coinlaw.io/glossary/evm/)

Definition of Staking. Link to full glossary entry follows the description.**Staking**Staking is the process of locking cryptocurrency in a proof-of-stake network to help validate transactions and earn rewards, replacing energy-intensive mining.

[Read more](https://coinlaw.io/glossary/staking/)

Definition of DeFi. Link to full glossary entry follows the description.**DeFi**Decentralized finance leverages blockchain protocols and [smart contracts](https://coinlaw.io/glossary/smart-contract/) to enable lending, trading, and borrowing without banks or traditional intermediaries.

[Read more](https://coinlaw.io/glossary/defi/)

Definition of Layer 1. Link to full glossary entry follows the description.**Layer 1**A Layer 1 is the base blockchain layer that settles its own transactions, enforces its own consensus, and secures its own ledger. Bitcoin, Ethereum, Solana.

[Read more](https://coinlaw.io/glossary/layer-1/)

Definition of NFT. Link to full glossary entry follows the description.**NFT**A non-fungible token is a unique blockchain-based asset that verifies ownership of digital or physical items such as art, collectibles, or real-world assets.

[Read more](https://coinlaw.io/glossary/nft/)

Definition of MegaETH. Link to full glossary entry follows the description.**MegaETH**MegaETH is a high-performance Ethereum Layer-2 blockchain built on the OP Stack, targeting sub-10ms block times and over 100,000 transactions per second using node specialization and EigenDA.

[Read more](https://coinlaw.io/glossary/megaeth/)

Definition of Layer 2. Link to full glossary entry follows the description.**Layer 2**A Layer 2 is a secondary blockchain built on top of Ethereum that bundles transactions off-chain and posts compressed data back to the main chain, cutting fees and raising throughput.

[Read more](https://coinlaw.io/glossary/layer-2/)

Definition of Gas Fee. Link to full glossary entry follows the description.**Gas Fee**A gas fee is the transaction cost paid to Ethereum validators for the computational effort needed to process and confirm blockchain operations.

[Read more](https://coinlaw.io/glossary/gas-fee/)