MegaETH Launches With 10,000 TPS, Enters Crowded L2 Landscape

MegaETH, a real-time blockchain built on top of Ethereum, has launched its mainnet with a claimed throughput of 10,000 transactions per second and sub-millisecond block times. This launch comes at a time when the L2 landscape is more crowded and contested than ever before.

The total value locked across all Ethereum scaling solutions stood at approximately $47 billion as of April 28, 2026, up from roughly $12 billion at the start of 2024. However, this growth has led to a paradox: the more chains proliferate, the more fragmented liquidity becomes.

MegaETH's architecture is built on three technical pillars: a specialized sequencer node with hardware-accelerated execution, EVM bytecode compatibility without the overhead of re-proving each transaction at the base layer in real time, and a separation between execution speed and settlement finality. Its one-millisecond block time is the fastest published figure among EVM-compatible chains in production as of April 2026.