Ethereum Updates: MegaETH Secures $350M in ICO Funding as Investors Aim to Address Ethereum Network Congestion

MegaETH, an

layer-2 scaling solution, has quickly drawn significant attention in the crypto community. Promising extremely fast transactions and high throughput, MegaETH has highlighted strong interest in Ethereum scaling technologies.

MegaETH’s testnet, which debuted in March, has fueled much of the excitement, with users lauding its “instant” transaction capabilities. A

to the network describes its claim of supporting up to 100,000 transactions per second (TPS) with block times under 10 milliseconds, positioning it as a rival to other layer-2 networks such as and . Blockchain expert Dr. Elena Vasquez commented, “MegaETH’s design expands the possibilities for Ethereum, potentially enabling sub-second latency for everyday users.”

MegaETH’s rapid traction reflects a broader movement toward layer-2 adoption, as networks seek to combine scalability with Ethereum’s security. The project’s emphasis on real-time performance could make it a frontrunner for applications that demand minimal transaction delays, including DeFi and gaming. Analysts suggest that MegaETH’s continued success will depend on sustaining developer interest and strong testnet results as it moves toward mainnet launch.