Mega Labs launched its minnet, MegaETH. It’s a Layer 2 minnet, and the company claims it has the capability to offer Web 2.0-level responsiveness. MegaETH positions itself as a specialized runtime layer within the Ethereum ecosystem.
MegaETH debuted with an ambitious technical proposal that aims to bring the decentralized application experience closer to Web2 response standards. According to its launch information, its architecture combines a modular and heterogeneous design with specialized sequencing nodes, a hybrid rollup approach, and a dual-block structure supported by EigenDA for data availability. Overall, the project claims to offer block times between 1 and 10 milliseconds and sub-millisecond latency.
The mainnet opened with an initial announced throughput of 20,000 transactions per second, while internal stress tests reportedly reached between 35,000 and 47,000 TPS, with a peak reported in mid-January. These figures, released by the project itself and cited by ecosystem players such as QuickNode, have not yet been independently verified, although MegaETH has set a long-term goal of exceeding 100,000 TPS.
With this approach, MegaETH positions itself as a specialized execution layer within the Ethereum ecosystem. Its immediate relevance, however, will depend not only on theoretical figures but also on whether the network can sustain that performance under real-world conditions.
The importance of rapid MegaETH network adoption
From an economic standpoint, the protocol introduces an unconventional tokenomics model. The native token, $MEGA, has a total supply of 10 billion units, and its generation is not tied solely to the passage of time but also to the fulfillment of Key Performance Indicators (KPIs). More than half of the supply, 53.3%, is allocated to staking rewards directly linked to the network’s performance and actual usage.
The KPIs defined to enable the TGE include concrete adoption milestones: reaching a circulating supply of $500 million USD with on-chain usage, having at least 10 active applications within the “MegaMafia” program, or achieving three applications generating $50,000 daily in fees for 30 consecutive days. Thus, the token release is contingent upon real traction and not just expectations.
The project stated that the October 2025 token sale was nearly 28 times oversubscribed and that there is an intention to migrate an estimated $14 billion DeFi footprint, in addition to seeking listings on major exchanges. Even so, the team reiterated that the TGE will remain subject to meeting the KPIs, regardless of whether the network is already operational.
Looking ahead to the next few months, market monitoring will focus on observable metrics: actual on-chain performance, effective commission generation by early applications, sequencing stability, and any listing announcements that expand access to $MEGA.
