MegaETH: A Developer’s Dream, A Bullish Opportunity for All If you are bullish on the MegaETH ecosystem, you are in the right place. Here is a quick rundown of the journey so far: June 27, 2024: MegaETH Raises $20M Seed Funding MegaLabs, the developer of MegaETH, raised $20 million in a seed round led by Dragonfly Capital, with participation from Vitalik Buterin, Joseph Lubin, and others. The round was structured as equity plus token warrants at a nine-figure valuation (at least $200M). The funds were aimed at building the MegaETH blockchain, onboarding developers, and growing the community.

July 9, 2024: MegaETH’s Debut at EthCC Brussels @megaeth_labs hosted its first official event during EthCC in Brussels at the Royal Library of Belgium. The event allowed the community to meet the MegaMafia and interact with 10x Builders, as part of their MegaMafia builder program to support developers September 2024: Token2049 Week Events in Singapore During Token2049 week, MegaETH organized multiple events, including panel talks, a MegaMafia Hacker House, an OMEGA event, a rooftop F1 viewing party with Infinex, and a merchandise drop. The core team participated in panels like “Beyond Block Space” and “Asia Builders.” December 13, 2024: $10M Raised on Cobie’s Echo Platform In an astonishing move, MegaLabs raised $10 million in under three minutes on Cobie’s Echo platform, with 3,200 investors from 94 countries. Initially targeting $4.2M (met in 56 seconds), they raised an additional $5.8M due to demand. The funds were for community growth and ecosystem projects, structured similarly to the June seed round at a $100M valuation.

February 5, 2025: Launch of Fluffle Soulbound NFTs MegaETH’s Fluffle NFT collection debuted with a whopping 5,000 ETH (~$13M) raised, rewarding the community with exclusive benefits like NFT airdrops and future token rewards These NFTs represent at minimum 5% of the MegaETH token supply. The allocation is dynamic and one portion of our larger distribution initiative.

March 6, 2025: Public Testnet Launch MegaETH announced the public testnet launch set for March 10, 2025, promising 10ms block times and over 100,000 TPS, taking blockchain performance to new heights. June 4, 2025: MegaMafia 2.0 Applications Close MegaETH wrapped up applications for MegaMafia 2.0, with ~300 developer teams submitting proposals to join the program. Selections are expected by June 16, 2025. This is a game-changer for building a robust developer ecosystem. You can find the Timelines below:

June 7, 2025: Strategic Focus on Applications MegaETH emphasized their strategy, “Whomever has the apps, has the premium,” signaling the importance of a developer-first approach to blockchain success. With real-time capabilities, MegaETH is positioning itself as the ideal platform for high-throughput applications. June 12, 2025: More Focus on Applications MegaETH reiterated their application-centric approach with the post, ‘Applications. Then everything else’, doubling down on their goal to foster a robust ecosystem of dApps. This concise statement underscores their unwavering focus on developers as the cornerstone of their blockchain’s success.

Key Highlights: 🟢$30M in Funding to support the MegaETH ecosystem, from seed rounds to NFT sales. 🟢MegaMafia 2.0 is a key part of their vision to onboard top-tier developers 🟢High-performance blockchain with 10ms block times and over 100,000 TPS sets MegaETH apart in the crowded L2 space. 🟢The Fluffle NFT rewards system promises long-term value for holders, including a share of the token supply. With MegaETH’s vision laser-focused on developer applications, the future is dApp-centric. Expect big things ahead as MegaETH continues to grow and position itself as a leading Ethereum Layer 2 solution. Technical Foundation: MegaETH’s focus on applications is underpinned by its architecture: a single sequencer for low latency, specialized nodes for scalability, and EigenDA for cost-efficient data availability. This enables dApps that require real-time performance, distinguishing MegaETH from slower L2s or L1s. The emphasis on DeFi and SocialFi in MegaMafia 2.0 applications suggests developers are targeting these capabilities.