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 $107.68M across seed, echo, NFT, 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.
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 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 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.
| 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 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). 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)
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.
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.
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.
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.
