
MegaETH’s July 9 public mainnet launch sees over 50 Ethereum-compatible applications go live, marking a major step in the high-speed blockchain’s bid to transform decentralized app performance.
MegaETH, developed by MegaLabs, officially launched its public mainnet on July 9, with more than 50 decentralized applications—including AAVE, LIDO, and OpenSea—already running. Designed for Ethereum compatibility and ultra-high throughput exceeding 100,000 transactions per second, MegaETH aims to deliver near-instant responsiveness for blockchain applications. Backed by Ethereum co-founders Vitalik Buterin and Joe Lubin, the project raised $20 million in a seed round and $450 million in a token sale. The launch occurs during ongoing debates within the Ethereum community over the merits of layer-1 improvements versus layer-2 scaling solutions.