"The Token Generation Event (TGE) marked the first time traders could access MEGA onchain via MegaETH's mainnet DEX, with centralized exchange trading following one hour later at 11:00 UTC."
"MegaETH describes itself as the first real-time Ethereum layer two (L2) blockchain, targeting over 100,000 transactions per second with sub-10 millisecond block times."
"The project uses a heterogeneous node design and a SALT (Small Authentication Large Trie) state architecture that keeps data in RAM and removes disk read-write bottlenecks."
"Ethereum co-founders Vitalik Buterin and Joe Lubin are among the project's backers, along with Dragonfly Capital, which helped MegaETH raise over $100 million."
MegaETH launched its governance token MEGA on April 30, 2026, with trading available on over a dozen centralized exchanges and its own DEX. MEGA opened at approximately $0.183, with a fully diluted valuation of $1.82 billion and over $78 million in trading volume on launch day. Only 11.3% of the total 10 billion MEGA supply was in circulation at launch, with unlock events planned for 6 and 12 months. The project aims for over 100,000 transactions per second and features a unique node design.
Read at news.bitcoin.com
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