MegaETH Debuts MEGA Token at $1.56B Valuation

MegaETH, an Ethereum layer-2 network, has launched its native MEGA token at a $1.56 billion fully diluted valuation.

The token's supply is tied to network performance through a unique unlock program.

Over 5.3 billion tokens are reserved for the project's performance-based reward system.

MegaETH's mainnet went live in February 2026 and currently holds around $89 million in total value locked, targeting 100,000 transactions per second with 10-millisecond block times.