MegaETH's vision for a "real-time" blockchain seems to bring hope for the future of Ethereum, while potentially opening up a new design space for cryptocurrency builders.

Written by: David C, Bankless

Translated by: Deng Tong, Jinse Finance

Since its launch, MegaETH's fundraising for the Fluffles soul NFT community has quickly become one of the hottest topics on crypto Twitter. However, it has garnered significant attention in recent months after the highly publicized Vitalik-supported L2 raised $20 million in venture capital and $10 million in oversubscribed funding on the Echo community fundraising platform.

While its community-centered funding approach is a positive push against traditional venture capital support models, MegaETH's main selling point is its ability to provide millisecond-level block confirmations without compromising security, achieving what it calls a "real-time" blockchain—a chain experience that feels like using traditional web2 servers.

Let’s take a look at the inner workings of MegaETH and how early builders are moving at such a rapid pace.

Who is behind MegaETH?

The core development team of MegaETH, MegaLabs, must continuously push boundaries in multiple aspects of blockchain R&D to achieve MegaETH's goals. The project relies on specialized node setups, optimized block production, and other overall performance upgrades to build the next-generation system. What does all this actually mean? Let’s take a closer look.

Dedicated Nodes

MegaETH uses four different types of nodes, each with varying hardware requirements, to achieve fast and efficient block production. First, a single sorter quickly organizes transactions and generates a new block every 1-10 milliseconds, making confirmations almost instantaneous. Replica nodes only receive the results of these transactions, making their work easier and allowing them to run on simpler hardware. Full nodes recheck each transaction, providing strong security assurances. Meanwhile, prover nodes handle cryptographic proofs in the background, allowing the main network to continue running quickly without bearing the workload required to complete these tasks.

Optimized Blocks

As mentioned, MegaETH aims for block times measured in milliseconds. Additionally, it adjusts the number of transactions that can fit into each block based on the working speed of different nodes in the network. It also charges extra fees for operations that update the network state more frequently, helping to avoid slowdowns during peak usage—a problem that often plagues other EVM-based blockchains. By combining ultra-fast blocks, flexible gas management, and a two-step finality approach (where Ethereum confirms everything in the background), MegaETH theoretically maintains reliability and efficiency even under heavy demand.

Comprehensive Performance Enhancements

MegaETH not only speeds up part of the EVM but also completely overhauls all parts. The chain offloads big data tasks to EigenDA, allowing the single sorter to focus on maintaining speed rather than dealing with storage limitations. It also employs methods like parallel indexing to manage tens of thousands of transactions per second. While many blockchains encounter issues if they optimize one part while neglecting others—leading to data synchronization or transaction confirmation delays—MegaETH aims to keep the entire process real-time, an ambitious task that traders will soon be able to judge for themselves on the testnet.

Improvements

Finally, MegaETH organizes data in novel ways to process transactions at such high speeds. It keeps key information in memory rather than slower disk storage, allowing for almost immediate reading or writing of data. After each batch of transactions, the sorter only sends changes (rather than the complete transaction history) to other nodes, so they don’t have to redo all the work themselves. MegaETH also improves the way it records account balances and other network details, avoiding slowdowns that often occur when blockchains update their data structures too frequently. In summary, this allows MegaETH to achieve 100,000 transactions per second while still generating a block every few milliseconds.

Five Projects Based on MegaETH

The speed that MegaETH pursues not only makes familiar crypto applications smoother and enhances their user experience but also aims to open up a new design space for applications that require instant, scalable on-chain interactions. Here are five upcoming projects on MegaETH that showcase the advantages of the chain.

Euphoria

Euphoria intends to reimagine derivatives trading as a fun, social, and easy-to-understand activity.

Euphoria does not force people to learn complex financial instruments but instead launches "click trading," where users can quickly click to predict price movements, all presented through a game-like user interface designed for mobile devices. The experience is intended to be inherently social and gamified, featuring chat, point systems, and rewards that turn trading into a friendly competition. With MegaETH's fast finality, Euphoria can provide real-time price updates, instant payments, and a fun, efficiency-driven atmosphere reminiscent of social media platforms like TikTok.

We are coming out of stealth mode—it's time to get excited.

For too long, trading has been designed to feel serious, complex, and stressful. But it doesn't have to be.

Today, that changes.

Introducing Euphoria - making trading an experience.

— Euphoria (@Euphoria_fi) January 13, 2025

Sweep

Sweep transforms live entertainment into an interactive experience where viewers can make real-time predictions about streamers and live events.

Whether betting on who will "win the map" or how many kills a streamer might get, the platform supports instant real-time predictions, allowing users to place bets and resolve wagers within minutes, thereby increasing engagement in live streams. Given the fast-paced nature of the games, quick settlements are necessary to realize these predictions. This is where MegaETH's millisecond block times come into play, improving the current Web 2 track that supports Sweep.

The future of entertainment is not just watching—but living in the moment.

That's why we built Sweep, a way to win money by predicting your favorite streams and live events in real-time. You are no longer just passively watching streams; you become part of it…

— Sweep (@trysweep) January 9, 2025

Noise

Noise aims to capture and trade the value of attention by creating real-time markets around trending topics.

Noise does not deal with traditional supply and demand dynamics but intends to use continuous data streams to show whether trends are becoming more or less popular. While few people share these trends beyond their original posts, they may transcend crypto narratives and enter real life, such as potentially causing shortages in energy drinks. By focusing on what the world cares about most, Noise hopes to reinvent the way culture is discovered, shared, and rewarded—transforming us from "following" to "getting rewarded for it."

Unexpected use cases for cryptocurrency have been capturing attention.

The only currency that truly matters is how we spend our time.

Introducing Noise: the platform for trading trends.

— Noise (@noise_xyz) December 3, 2024

Lemonade

Lemonade aims to create a comprehensive community platform for event management, token utility, and AI-driven automation, providing organizers with a single terminal to coordinate all stages of the community lifecycle.

By allowing event planners to use simple no-code tools to tokenize check-ins, tickets, or other loyalty features, Lemonade hopes to make rewarding or attracting participants easier than ever. Additionally, to manage outreach, the platform incorporates AI agents to automate tasks such as marketing, logistics, or event coordination.

Lemonade redefines the interaction between creators and communities, achieving fully on-chain Lemonade Stands on MegaETH—Lemonade redefines the way creators and communities connect, providing a one-stop platform for your stores, events, and community centers.

— Lemonade (@lemonade_events) January 29, 2025

Pump Party

Pump Party hopes to bring cryptocurrency to mainstream audiences through a live interactive game show that combines a rich prize pool, mobile gaming, and social activities.

Drawing inspiration from popular phenomena like Mr. Beast's large giveaway videos, Pump Party aims to attract the masses, welcoming people from outside the cryptocurrency space to compete for grand prizes in real-time. Players will be able to chat, stream, and participate simultaneously, making each game a shared community event. The entire structure prioritizes entertainment first while using cryptocurrency tracks to support behind-the-scenes work (like payments) fairly and instantly.

The average person knows nothing about cryptocurrency.

Compared to the general public, we live in a small bubble.

Introducing Pump Party: the first app designed to put cryptocurrency in the hands of millions of newcomers.

— Pump Party (@pumppartyapp) December 10, 2024

Conclusion

MegaETH's vision for a "real-time" blockchain seems to bring hope for the future of Ethereum, while potentially opening up a new design space for cryptocurrency builders.

By relying on dedicated nodes, smart gas adjustments, and memory-based state solutions, the chain's comprehensively improved EVM brings exciting upgrades to the dominant execution environment for cryptocurrency, hoping to make the blockchain experience comparable to modern web services. Additionally, MegaETH's community focus, through Echo fundraising and Fluffle minting, provides a new perspective on outdated, VC-supported models, establishing a broader supporter base for MegaETH from the start.

The novel release and design approach of the chain seem to be influencing the projects it attracts early on, with early builders heavily leaning towards SocialFi and DeFi. The early diverse applications suggest that MegaETH will soon launch a bustling public testnet, with early supporters hoping this will also inject new capital and some much-needed better vibes into the entire Ethereum ecosystem.

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