22h ago
$MEGA auction’s went live hours ago and already 7.4× oversubscribed. $370M committed → $50M target crushed.
not shocked, honestly. @megaeth_labs is that L2 everyone’s been waiting for.
if you’re not bullish, Vitalik Buterin is. He personally invested in the 20M seed round 😜 and not to mention, the testnet’s processed over a billion blocks ▸ the tech speaks for itself.
highlights ↓
• 100k+ TPS
• sub-10ms latency
• real-time EVM speed with Ethereum security
• token utility that actually matters: sequencer rotation + proximity markets
the token’s not just governance, it runs the engine.
↳ sequencers stake to operate globally, bid for low-latency access, and earn rewards as traffic grows.
compare ↓
Optimism: 2k TPS
Arbitrum: 40k TPS
MegaETH: 100k+ and scaling live from Tokyo → Virginia (read their wp to understand this)
under $1B FDV cap, hypothetical FDV already at $7.4B (7× higher).
asymmetric setup, real adoption curve. MegaETH isn’t priced for what it’s building yet so the potential’s there.
auction open till Oct 30, 1 PM UTC.
this round? everyone gets VC-level access.
22.82K
495
The content on this page is provided by third parties. Unless otherwise stated, OKX TR is not the author of the cited article(s) and does not claim any copyright in the materials. The content is provided for informational purposes only and does not represent the views of OKX TR. It is not intended to be an endorsement of any kind and should not be considered investment advice or a solicitation to buy or sell digital assets. To the extent generative AI is utilized to provide summaries or other information, such AI generated content may be inaccurate or inconsistent. Please read the linked article for more details and information. OKX TR is not responsible for content hosted on third party sites. Digital asset holdings, including stablecoins and NFTs, involve a high degree of risk and can fluctuate greatly. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition.