MegaETH mainnet is online! It claims to achieve 50,000 TPS and a 10-millisecond block time, but there are three major conditions for token issuance.

Ethereum Layer 2 Star MegaETH Officially Launches Mainnet, Focusing on Ultra-Low Latency and High Throughput, with a Token Issuance Strategy Based on Achievement.

MegaETH, a Layer 2 network claiming “real-time blockchain” with ultra-low latency and high throughput, officially launched its mainnet on Monday, with over 50 applications launching simultaneously. The goal is to achieve a performance of 50,000 transactions per second (TPS) and a block time of 10 milliseconds.

The official statement indicates that MegaETH’s core design specifically targets blockchain “latency” issues. The team believes that latency is the true bottleneck limiting user experience. To address this, MegaETH developed a new system architecture called “Small Authentication Large Trie (SALT),” which keeps critical data directly in memory to bypass traditional storage delays. The team stated:

MegaETH uses Ethereum for settlement and security, while independently splitting the execution layer to break through the performance bottlenecks of traditional blockchain architecture. Our goal is never to become a Layer 1 or Layer 2 blockchain, but to create the most performant blockchain possible. This architecture is an inevitable evolution in blockchain design.

Founded in 2022, MegaETH completed a $20 million seed round in June 2024, led by Dragonfly Capital. The investment lineup is impressive, including Ethereum co-founders Vitalik Buterin and Joseph Lubin.

The mainnet launch of MegaETH continues the results from last year’s testnet and the “Global Stress Test” conducted in January this year, which attempted to process 11 billion transactions within 7 days to verify network throughput and stability under long-term, high-load conditions. Additionally, MegaETH’s public token sale in October last year sparked market frenzy, with oversubscription commitments reaching $1.39 billion.

MegaETH states that its low-latency design has led to two innovative applications: a new on-chain asset trading system and new ways for users to interact with these assets, including gamification, click-based, and wallet-free experiences, making users almost unaware of the blockchain’s presence.

The statement also mentions that MegaETH’s internal accelerator, MegaMafia, has incubated multiple teams that have raised over $70 million in venture capital from institutions such as Franklin Templeton, Robot Ventures, Maven11, and Figment Capital.

Notably, MegaETH adopts a unique “decoupling” strategy: the mainnet launch does not mean the native token MEGA will be issued simultaneously.

The team explicitly states that the MEGA token will be issued within 7 days after achieving any of the following three key performance indicators (KPIs):

• Liquidity Indicator: The 30-day average circulating volume of stablecoin USDM reaches $500 million.
• Ecosystem Activity: 10 MegaMafia accelerator applications are active on the mainnet.
• Revenue Capability: For 30 consecutive days, three applications generate an average daily fee revenue exceeding $50,000.

*This article is reprinted with permission from: BlockBeats *Original Title: MegaETH Mainnet Launches! Claims 50,000 TPS and 10ms Block Time, but Token Issuance Comes with “Conditions” *Original Author: Block Sister MEL