What is MegaETH (MEGA)?
MegaETH (MEGA) is the native cryptocurrency of the MegaETH network, an Ethereum Layer 2 blockchain developed to support real-time blockchain applications. The token was introduced alongside the MegaETH mainnet launch in April 2026 and plays a role in the network’s governance and security model.
MegaETH is an Ethereum Layer 2 network built using the OP Stack and designed to deliver high-performance blockchain infrastructure. The project focuses on real-time transaction processing, targeting throughput of more than 100,000 transactions per second and latency below 10 milliseconds. MegaETH uses a specialized architecture that separates responsibilities across different node types, including a sequencer, replica nodes, and stateless validators. The network remains compatible with the Ethereum Virtual Machine (EVM), allowing developers to deploy existing Ethereum-based applications with minimal modifications.
MEGA serves as the native token of the MegaETH ecosystem. Token holders can participate in governance by voting on protocol updates and network-related decisions. MEGA is also used for staking by validators who contribute to network security and receive rewards based on verified on-chain milestones. In addition, the token is used in proximity markets, where participants can bid for infrastructure placement closer to the sequencer to reduce execution delays. Transaction fees on the network are paid in ETH rather than MEGA.
MegaETH was created by a team focused on building a real-time Ethereum Layer 2 network. Public project materials identify MegaETH as an independent blockchain initiative, although detailed founder information may vary across official project sources.
MEGA has a fixed total supply of 10 billion tokens. According to the provided supply data, the circulating supply is approximately 1.12 billion MEGA, while the total supply remains 10 billion MEGA.
MEGA Is listed on Binance for trade and purchase. The live price of MEGA is available and udpated in real time on Binance.