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Crypto
MegaETH hits first KPI by running 10 apps, to issue MEGA token
MegaETH has met its first key performance indicator, which required operating 10 ecosystem applications. The milestone triggered a countdown toward a MEGA token generation event targeted for next Thursday. The project previously tied its token release schedule to performance-based KPIs rather than a fixed timeline. Conditions include expanding its native stablecoin USDM circulation to $500 million and meeting app revenue targets, alongside usage and fee benchmarks for apps built on MegaETH.
Crypto
Ultra-fast blockchain mainnets emerge, raising focus on generational shift
New blockchain networks touting ultra-fast, real-time performance are emerging, raising focus on whether they could lead to a generational shift in the blockchain market. Layer 1 platforms such as Solana and Sui expanded their foothold, and Coinbase-led Base rose as a leading Ethereum layer 2 platform. New entrants include Monad, a layer 1 compatible with the Ethereum Virtual Machine, and MegaETH, an Ethereum-based layer 2. LayerZero also plans to launch its Zero mainnet later this year.
Crypto
MegaETH launches ultrafast blockchain mainnet, can it rival rollup Layer 2s?
Ultrafast Ethereum Layer 2 project MegaETH has launched a mainnet that targets 100,000 transactions per second, Coindesk reported. The project says it offers higher speed than the existing Ethereum network and promotes a “real-time blockchain.” MegaETH raised $450 million in an October token sale and drew investment from Ethereum co-founders Vitalik Buterin and Joe Lubin. Critics point to centralisation concerns, while some experts doubt it can replace rollup-based Layer 2s.
