Building the First Real-Time Blockchain

Uplift everyone, everywhere

Today marks a significant milestone in our mission to unlocking humanity’s potential with fully on-chain, interactive and sophisticated applications. The crypto economy is here.

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Blockchains are the ultimate equalizers. They give anyone, anywhere, the trust and capital to bootstrap ideas that were once impossible. Start a bank, become an artist, degen as a trader, spark a cultural trend, or even launch a network state—it's all within reach.

The magic of crypto lies in its permissionless nature. It creates a digital economy that's free, global, transparent, and fair. This lets raw talent shine and make a difference, including the MegaETH founding team.

A year ago, MegaETH was just a research project aiming to scale blockchain performance without sacrificing security or decentralization. Our engineers and researchers spent countless hours identifying performance bottlenecks in existing blockchains and devising innovative techniques to overcome them.

Today, MegaETH has a live and performant devnet and is making steady progress towards becoming the fastest possible blockchain, limited only by hardware. It's a thrill to work on technology that empowers others to create magic, and an honor to welcome supporters who help us speed up our mission.

We are proud to announce that MegaETH has raised $20 million in a seed round led by Dragonfly Capital, with participation from Figment Capital, Folius Ventures, Robot Ventures, Big Brain Holdings, Tangent, and Credible Neutral. Renowned angels include Vitalik Buterin, Joseph Lubin, Sreeram Kannan, Cobie, Karthik Talwar, Hasu, Santiago, and Mert. 

This round brings together the brightest minds in the industry to build an ecosystem that fulfills the promise of a digital economy that uplifts everyone, everywhere.

People increasingly want to store their savings in stablecoins on-chain, bet on world events on-chain, and post content to social networks on-chain, but today’s blockchains cannot offer the snappy, reliable experience that people are used to in mainstream consumer applications.

High throughput blockchains, such as Solana, are unable to scale to meet user demand and suffer from constant congestion and reliability issues. Ethereum Layer-2 Blockchains, while easy to develop, are not optimized for performance and are fundamentally limited in the number of users they can serve.

Enter MegaETH.

MegaETH is the first Real-Time Blockchain, capable of streaming transactions at 100,000 transactions per second with millisecond-level responsiveness. 

We achieves our real-time performance through two key techniques:

1. a heterogeneous blockchain architecture, which boosts performance by allowing network nodes with different hardware configurations to specialize on specific tasks, and

2. a hyper-optimized EVM execution environment that pushes throughput, latency, and resource efficiency to hardware limits. 

These techniques stand in stark contrast to today's homogenous architectures, which can only utilize less than 1% of the compute capacity of a modern Web2 server.

Technology is just one piece of the crypto puzzle. The MegaETH team is on a mission to turn cutting-edge ideas into everyday reality with the next wave of fully onchain, interactive and sophisticated apps.

Think of compute-intensive DeFi primitives that are a step function improvement in both user experiences and capital efficiency, fully on-chain games with high tick rates, instant payment network with negligible transaction fee, scalable and real-time social network, DePIN projects that instantly bring Web2 physical data on-chain.

The only way to achieve our mission is to laser-focus on builders. Our goal is to educate the curious, onboard the daring, and turbocharge the visionary. We'll be the sounding board for builders through ideation, team formation, fundraising, and growth.

The MegaETH public testnet will go live early fall, allowing builders to harness the performance unlock and create applications that have never before been possible in the industry.

MegaLabs recently launched the MegaMafia, a 10x builder program working closely with founders that explore the frontier of decentralized applications. This is an open call to build delightful, 0-1 applications in close collaboration with the MegaLabs core team.

Today is just a start. Let’s build the future, real time.

Join our Discord for more.