MegaETH Launches MEGA Token at $1.56B Valuation

MegaETH, an Ethereum layer-2 network, has launched its native MEGA token at a fully diluted valuation of $1.56 billion. The token's supply is tied to network performance, with over 5.3 billion tokens reserved for the project's performance-based unlock program.

The launch model breaks from standard vesting schedules, releasing additional MEGA tokens when the network hits milestones tied to total value locked, circulating supply of the USDM stablecoin, and overall throughput.

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