MegaETH announced that its public Ethereum L2 mainnet will launch on February 9, 2026, following a week-long stress test designed to process 11 billion transactions at a sustained 15–35K TPS.

So far, the network has processed approximately 10.3 billion transactions, with a TPS ranging from 10 to 22K. Frontend load during the tests came from applications such as Showdown TCG, Stomp GG, and Smasher, while backend load was generated using tools like Kumbaya, with ETH transfers and V3-style AMM swaps.

MegaETH raised $30 million in seed funding from DragonFly Capital, Robot Ventures, and Vitalik Buterin, as well as through an Echo round, and secured an additional $50 million through a token sale with a fully diluted valuation of $999 million.

The $MEGA token trades pre-market at around $0.20, with a fully diluted valuation of $2 billion on Hyperliquid. The network will be available for applications from launch, including those requiring high performance, such as games.

The mainnet will have scheduled network maintenance after launch and will continue to evaluate infrastructure performance based on user demand.

Source: https://x.com/megaeth/status/2016511667644064164

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Filed under: News - @ January 29, 2026 12:23 am