Hey Edge readers,

The MegaETH public sale is live, and it’s shaping up to be one of the biggest launches of 2025. But MegaETH isn’t just another Layer 2 riding the modularity wave. It’s introducing something that’s never been seen before in blockchain infrastructure: real-time performance. Let’s dive in!

Stay sharp. 🫡

-The Exponential team

Meet MegaETH: The first real-time blockchain

Disclaimer: This content should not be taken as financial advice. Always do your own research before making any investment decisions.

At first glance, MegaETH might sound like just another Layer 2 (L2) in an overcrowded field. With more than 50 L2s already fighting for relevance, you’re for thinking we already hit the saturation point.

But MegaETH might just be different.

Backed by Dragonfly Capital, Figment, and a star-studded angel roster that includes Cobie, Hasu, Mert, and Vitalik Buterin himself, MegaETH is looking to raise $50 million to build what it calls the “first real-time blockchain,” capable of handling over 100,000 transactions per second—that’s around 50x faster than Solana, and hundreds of times faster than most EVM chains today (typically peak ~1,000 TPS).

The goal? To blur the line between cloud servers and blockchains, bringing Web2-level responsiveness to Web3.

The secret sauce: Rethinking how blockchains work

To understand why MegaETH is different, let’s rewind a bit.

In traditional Layer 1 blockchains, every node performs two core tasks.

1. Consensus: agreeing on the order of transactions

2. Execution: processing those transactions and updating the global state.

This design keeps things trustless and decentralized, but it also creates a massive performance bottleneck as every node repeats the same work.

Layer 2s helped by offloading computation to Ethereum, but most still rely on this same “one-size-fits-all” node model. Most L2s duplicate the same workload across their network, which means they can’t push hardware to its limits.

MegaETH changes that by introducing node specialization, splitting the blockchain into different roles, each optimized for a specific task:

• Sequencers are the engines of the network. They run on extremely powerful servers and handle the job of ordering and executing transactions instantly. Because only one sequencer is active at a time, MegaETH avoids the delays that come from multiple nodes trying to agree on order.

• Full Nodes act as the network’s double-checkers. Instead of redoing every single computation, they verify key parts of the sequencer’s work to make sure everything adds up. They provide fast confirmation without needing super-expensive hardware.

• Provers are the auditors. They run in the background and use cryptographic proofs to independently confirm that the sequencer’s results are valid, helping keep the system secure without slowing it down.

Together, these roles let MegaETH scale far beyond existing L2s. It keeps Ethereum as the base layer for security, but removes the redundant execution that bogs other networks down. The result is a blockchain that can push performance to the limits of the hardware it runs on, while still remaining verifiable and secure.

Why it matters

If MegaETH delivers even a fraction of what it promises, the implications are enormous:

• On-chain games with smooth real-time combat.

• Decentralized exchanges executing trades in milliseconds.

• AI agents and autonomous worlds operating fully onchain, not on centralized servers.

• Web2 developers finally able to build without compromise in Web3 environments.

In short, MegaETH could make the blockchain invisible, just another backend service as fast and responsive as AWS.

Closing thoughts

After years of incremental L2 improvements, MegaETH feels like a genuine leap—a project that could actually bring Vitalik’s “Endgame” vision into reality.

Whether it becomes the Solana moment for the Ethereum ecosystem or the foundation of an entirely new performance standard, one thing is certain: the era of real-time crypto computing has arrived.

Edge Take: MegaETH might be the first project that makes the question “why build onchain?” obsolete. If it works as advertised, it could usher in a new era of onchain applications that actually feel like Web2.

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🔗 Check out the full article.

In the news 🗞️

• MegaETH token sale hits $300M frenzy with social media-based allocations. Ethereum-compatible blockchain MegaETH oversubscribed its $50 million MEGA token sale, drawing bids worth over $300 million from more than 11,000 wallets. To determine who receives tokens, the project will assess bidders’ social media activity, GitHub contributions, and onchain engagement within the MegaETH and Ethereum communities.

• JPMorgan sees $34B potential in Base token, boosting Coinbase outlook. JPMorgan analysts project that a potential Base token could reach a $34 billion market value, offering Coinbase a multi-billion-dollar opportunity if it retains 40% of the supply. The report also highlights waning competition from decentralized exchanges and stronger monetization of USDC rewards, which could lift Coinbase stock. As Coinbase deepens DEX integration through its Base network, analysts see the company strengthening its position across both centralized and onchain trading.

• World’s first yen-pegged stablecoin launches in Japan. Japan has debuted JPYC, the world’s first stablecoin fully backed by yen deposits and government bonds, marking a milestone in the country’s transition toward regulated DeFi. The project aims to circulate 10 trillion yen ($66 billion) worth of tokens within three years, with zero transaction fees to boost adoption. Though supported by major Japanese banks and regulators, experts note domestic adoption may take several years.

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