High-throughput Ethereum scaler MegaETH debuts public testnet, hitting 20,000 TPS on day one
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MegaETH, a new Ethereum scaling solution, has launched its public testnet capable of processing 20,000 transactions per second with 10-millisecond block times. The project raised $43 million in funding, including investments from Ethereum co-founders Vitalik Buterin and Joseph Lubin. Unlike traditional Layer 2 rollups, MegaETH aims to be a singular high-throughput solution with plans to scale to 100,000 TPS.
March 21, 2025 | 11:30 pm
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POSITIVE IMPACT
The launch of MegaETH's high-throughput testnet demonstrates potential technological advancements in Ethereum's scalability, which could positively impact Ethereum's long-term value proposition.
The testnet launch indicates technological progress, investor confidence (with backing from Ethereum co-founders), and potential improvements in Ethereum's scalability challenges.
CONFIDENCE 70
IMPORTANCE 75
RELEVANCE 80