L2 project based on Ethereum, MegaETH, has launched its mainnet. The rollup is positioned as a “real-time blockchain,” aiming for a throughput of 100,000 TPS and nearly instant transaction finality.
Introducing The Rabbithole — your MegaETH ecosystem frontend
Mainnet is now fully open to the public.
Rabbithole is how users:
→ Discover live and upcoming apps
→ Bridge and swap assets
→ Get notified of ecosystem events
→ MoreLive now. Features and link below. pic.twitter.com/TCxcHyciku
— MegaETH (@megaeth) February 9, 2026
At the time of writing, more than 50 applications are operational on the network.
The ecosystem’s economic foundation, the MEGA token, will not be fully unlocked with the mainnet launch. The distribution and integration of the asset are planned to occur gradually, tied to the blockchain’s development stages.
Another crucial element of economic activity is the stablecoin USDm, supported by all major applications. The MegaETH Foundation intends to use all revenue from the coin’s usage to buy back and accumulate MEGA.
In March 2025, the project launched a public testnet with a declared speed of 20,000 TPS. According to developers, the network achieved the desired block processing time of 10 ms.
In October, the team conducted an ICO, raising $1.39 billion from the token sale. Demand significantly exceeded supply: 11,534 wallets contributed $300 million against a limit of $50 million. The oversubscription was 27 times.
Back in November, the launch of MegaETH’s pre-deposit campaign resulted in technical issues. The project attracted $500 million instead of the planned $250 million due to a loss of control over the smart contract management.