MegaETH

MegaETH is a Layer 2 scaling network built on top of Ethereum, designed to run crypto applications at speeds that the Ethereum base layer cannot achieve on its own. It claims to address slow transaction confirmation times and limited throughput by targeting 10-millisecond transaction latency and up to 100,000 transactions per second. The intended users are developers building high-performance applications and end users who want near-instant transaction finality without leaving the Ethereum ecosystem.

MegaETH settles its security to Ethereum, meaning the base layer validates the ultimate correctness of its state, while MegaETH itself runs a hyper-optimized execution environment that streams state updates in real time. The architecture is described as heterogeneous, separating execution from settlement to squeeze out maximum performance. The MEGA token exists within this ecosystem, though the data held here does not specify its exact governance or staking mechanics beyond its role as the native asset of the MegaETH Ecosystem.

The network collected 70,420 USD in fees over the trailing 30 days and 629,353 USD over the trailing 12 months, paid by users submitting transactions to the chain. Of those 30-day fees, 35,949 USD was retained as protocol revenue, reflecting a take rate of roughly 51 percent over that period, with the remaining portion going to supply-side participants. Annualizing the 30-day fee figure produces an estimated 856,776.67 USD in annual fees, and annualizing the 30-day revenue figure produces an estimated 437,379.50 USD in annual protocol revenue. Fees over the most recent 30-day window fell by 0.91 percent compared with the prior period.