MegaETH, a new Ethereum Layer-2 project, attracted more than $500 million within the first 24 hours of its token sale, with demand exceeding the allocation by over 10x. The early response underscores intense investor interest in high-throughput scaling solutions for the Ethereum ecosystem.
The public sale offers 5% of the total MEGA supply, with the overall issuance set at 10 billion tokens. Applications are capped at $186,282 per participant, with a minimum entry of $2,650. On-chain analytics indicate that at least 819 wallets submitted the maximum possible contribution. Ahead of the launch, more than 100,000 users completed KYC verification.
Analysts link the surge in demand to MegaETH’s technical roadmap, which includes parallelized execution and a target throughput of up to 100,000 transactions per second (TPS). If achieved in production, this performance could make the network a meaningful addition to Ethereum’s scaling landscape.
Key sale details:
- Total supply: 10 billion MEGA
- Public sale allocation: 5% of supply
- Max application: $186,282
- Minimum participation: $2,650
- Participants KYC’d pre-launch: 100,000+
- First 24 hours: $500M+ committed, >10x oversubscribed
The strong start highlights ongoing appetite for Ethereum L2 projects promising lower costs and higher throughput. Market participants will now watch whether MegaETH can deliver its parallelization roadmap, reach its TPS targets under real-world conditions, and integrate smoothly with existing Ethereum applications.