Ethereum Updates: MegaETH Secures $350M in ICO Funding as Investors Aim to Address Ethereum Network Congestion
- MegaETH's Ethereum layer-2 ICO raised $350M in pre-deposits with a $7B hypothetical FDV, driven by 100,000+ KYC-verified participants. - The oversubscribed token sale (5x capacity) highlights demand for solutions addressing Ethereum's congestion, with allocations based on social/on-chain activity. - Promising 100,000 TPS and sub-10ms block times, MegaETH's testnet claims "instant" transactions, positioning it as a competitor to Arbitrum and Starknet. - U.S. participants face 1-year lock-ups under MiCA-co
MegaETH, an
MegaETH’s testnet, which debuted in March, has fueled much of the excitement, with users lauding its “instant” transaction capabilities. A
MegaETH’s rapid traction reflects a broader movement toward layer-2 adoption, as networks seek to combine scalability with Ethereum’s security. The project’s emphasis on real-time performance could make it a frontrunner for applications that demand minimal transaction delays, including DeFi and gaming. Analysts suggest that MegaETH’s continued success will depend on sustaining developer interest and strong testnet results as it moves toward mainnet launch.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
OpenAI's Shift to Profit: Will Nonprofit Governance Endure with Microsoft's $135B Investment?
- OpenAI completes for-profit restructuring, granting Microsoft a 27% stake valued at $135B while retaining nonprofit oversight via a $130B equity stake. - Microsoft secures extended IP rights to OpenAI models until 2030 or AGI verification, but loses exclusivity on consumer hardware and cloud infrastructure. - The deal includes $250B in Azure cloud purchases by OpenAI and resolves legal disputes, including Elon Musk's $100B acquisition bid and regulatory objections. - Critics question the nonprofit founda
Blazpay Presale Nears Its End: Investors Hurry to Secure Lower Prices Before Increase
- Blazpay's presale nears completion after raising $843.7K, with 76.1% of 157.3M tokens sold at $0.0075, ahead of a $0.009375 price increase in under a week. - The platform combines multichain trading (50+ blockchains), AI tools, and gamified rewards, attracting 800K+ users and 3M transactions with $200K in distributed rewards. - Tokenomics allocate 34% for public sales, 12% for team/advisory, and 16% for liquidity, with analysts projecting $0.011–$0.017 presale prices and $0.05–$0.09 post-listing. - Quill
Senate Stalemate: GOP Pushes to Resume Government Operations as Democrats Insist on Extending ACA Subsidies
- The U.S. government shutdown entered its 24th day as the Senate rejected a 13th funding bill, closing nonessential agencies and disrupting critical services. - Democrats demand extended ACA subsidies before supporting any bill, while Republicans insist on reopening the government first, deepening partisan gridlock. - Transportation delays and unpaid military salaries highlight growing impacts, with the Pentagon accepting a $130M donation to cover part of defense costs. - SNAP benefits face November freez
XRP News Today: Evernorth’s Approach to Reinvesting XRP Builds $1B Treasury, Enhancing Trust Among Institutions
- Evernorth Holdings, backed by Ripple, surpassed $1B in XRP treasury value, boosting institutional confidence and pushing XRP prices up 4%. - The firm received 530M XRP from Ripple and 50M from CEO Chris Larsen, using DeFi protocols to reinvest gains into further token purchases. - Evernorth plans a Nasdaq listing (XRPN) via SPAC merger, with 95% of its $1B funding target secured and regulatory clarity in the U.S. driving adoption. - Despite SEC delays on XRP ETFs, institutional demand grows as Evernorth'
Trending news
MoreCrypto prices
More
