MegaETH (MEGA)
MegaETH is an Ethereum Layer 2 blockchain built to enhance the scalability and speed of the Layer 1 network. It is fully compatible with the Ethereum Virtual Machine and can process over 100,000 transactions per second (TPS), according to the claims of the team.
While details about the $MEGA token's utility and tokenomics have not been disclosed yet, users can currently participate in the test net, which could potentially lead to a MegaETH airdrop in the future.
The MegaETH project has successfully raised $20M from reputable backers, such as DragonFly Capital, Vitalik Buterin, Santiago R. Santos, and others, as well as $88M throught multiple token sale rounds
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