It's Public Sale Season, MegaETH Just Entered the Chat

The next wave of high-performance blockchains is here, and it’s moving fast. Projects like Monad, MegaETH, and Fogo are redefining what’s possible on-chain, pushing the boundaries of scalability with ultra-low latency and lightning-fast transaction speeds.

Following the success of its previous funding rounds, MegaETH’s public ICO marks the next phase of its expansion, and investor interest is already accelerating.

Here’s everything you need to know about what makes MegaETH special and why the community is watching closely.

What is MegaETH?

MegaETH is a new blockchain developed by MegaLabs that aims to be the first "real-time blockchain" with full Ethereum compatibility. With a technical capacity of over 100,000 transactions per second (TPS) and latency under one millisecond, MegaETH is designed to address Ethereum's current limitations in scalability and performance while maintaining full compatibility with the Ethereum Virtual Machine (EVM).

The project was inspired by Vitalik Buterin's 2021 "Endgame" article and seeks to offer a user experience similar to Web2 systems while retaining the advantages of decentralization.

Fun Fact: The “Mega” in MegaETH stands for “Make Ethereum Great Again.”

Unlike traditional blockchains that use homogeneous architectures (where all nodes perform the same tasks), MegaETH employs a heterogeneous blockchain architecture that allows network nodes with different hardware configurations to specialize in specific tasks. MegaETH aims to achieve 100,000 TPS compared to most EVM-compatible blockchains can only achieve 3-digit transactions per second. The platform boasts sub-10-millisecond block times, making it suitable for real-time applications.

Funding Details

Now, let's look at the fundraising event.

MegaETH has completed 3 funding rounds which include:

• Seed Round (June 2024): Raised $20 million in a seed funding round led by Dragonfly Capital Dragonfly Capital. Notable investors included Ethereum co-founder Vitalik Buterin, ConsenSys CEO Joseph Lubin, as well as venture firms like Figment Capital, Robot Ventures, and Big Brain Holdings. This round was structured as equity plus token warrants, valuing the project at a fully diluted valuation (FDV) exceeding $100 million.

• Community Round via Echo (December 2024): Raised $10 million in under 3 minutes through Cobie's Echo platform. The company initially aimed to raise $4.2 million and hit that target in just 56 seconds, then decided to raise an additional $5.8 million due to overwhelming demand, which was fully funded in 70 seconds. This round was also structured as equity plus token warrants at the same 9-figure valuation as the seed round.

• Fluffle round: Introduced 10,000 soulbound NFTs. In Phase 1, 5000 NFTs were sold at 1 ETH each, raising $13.5 million at $540 million FDV. There are actually 2 phases of fluffle round, meanwhile people are speculating whether there would be round 2 given that the public sale is coming soon.

Fun Fact: Fluffle is often referred to as skin in the game by the community 🐰

This brings their total fundraising to over $40 million across the three rounds. Currently, there is speculation about whether a Phase 2 of the Fluffle round will take place, given that the Sonar public sale is approaching. This makes the existing 5,000 Fluffle NFTs even more valuable and sought after.

How to Join MegaETH ICO?

MegaETH’s public ICO registration is open from October 15 to 27, 2025.

To join, participants must register using a Sonar account. However, registration only expresses interest and does not guarantee participation in the sale.

All token sales will be conducted in USDT on the Ethereum mainnet and are expected to follow an English auction format with a fixed ceiling price, ensuring transparent bidding within a set range.

Participants who choose a one-year lockup period will receive a 10% discount on the final token price. This lockup is also mandatory for U.S.-based users.

In case of oversubscription, priority may be given to applicants who provide additional profile information, such as social media links, GitHub profiles, or on-chain wallet activity.