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 positions itself as a “real-time” blockchain for Ethereum, designed to deliver ultra-low latency and massive transaction throughput.
The project has attracted significant 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. By October 2025, it completed a $450 million token sale that was heavily oversubscribed, CoinDesk previously reported.
This sale, which offered about 5% of the protocol’s 10 billion MEGA supply, saw thousands of investors rush into allocations within minutes, underscoring the intense demand for next-generation scaling 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 form of real-time blockchain rather than a traditional scaling solution.
MegaLabs has said the protocol is designed for applications that need near-instant transaction speeds, such as trading platforms, games and other consumer-facing crypto apps — an area where Ethereum has historically struggled during periods of heavy usage.
Read more: MegaETH raises $450 million. in oversubscribed token sale backed by Ethereum founders
