Ethereum Launches MegaETH Mainnet with Rabbithole

MegaETH Launches Mainnet and Rabbithole Portal for Ecosystem Navigation

• MegaETH, a high-throughput Layer 2 network built on Ethereum, has launched its mainnet.
• The Rabbithole portal allows users to discover apps, bridge and swap assets, and track ecosystem events.
• In a recent stress test, MegaETH achieved 55,000 transactions per second with over 10.7 billion transactions logged.
• The network aims to reach up to 100,000 transactions per second using continuous mini-blocks and a streaming execution engine.
• Founded in 2022, MegaETH raised $20 million in a seed round led by Dragonfly Capital with participation from Ethereum co-founders Vitalik Buterin and Joseph Lubin.
• The MEGA token’s release is tied to ecosystem growth milestones rather than capital raised.

MegaETH has launched its mainnet along with the Rabbithole portal to enhance user interaction within its ecosystem. The network aims for high transaction throughput leveraging advanced technology. The MEGA token will unlock based on specific growth milestones rather than initial funding.