Buterin and Dragonfly Investment: MegaETH Announces Mainnet Launch Date - ForkLog: cryptocurrencies, AI, singularity, future

Froklog · 2026-01-29T13:03:06+00:00

MegaETH is set to launch its mainnet on February 9, 2026, with a claimed capacity of 100,000 transactions per second and Ethereum compatibility. The project, backed by Vitalik Buterin and Dragonfly Capital, aims to create a "world computer" integrating Web2 and decentralized networks.

Froklog

2026-01-29 13:03:06

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# Investment by Buterin and Dragonfly: MegaETH Announces Mainnet Launch Date

The MegaETH blockchain launch is scheduled for February 9. The project, which is considered one of the most anticipated industry debuts, is supported by Ethereum co-founder Vitalik Buterin.

Public Mainnet // 02.09.26 pic.twitter.com/fMcqVnQ7ZB

— MegaETH (@megaeth) January 28, 2026

The claimed throughput is 100,000 transactions per second with millisecond latency. At the same time, MegaETH maintains full compatibility with Ethereum.

The team aims to create a “world computer” and erase the boundaries between Web2 servers and the distributed ledger, creating a “world computer.” In the test network, developers are already creating video games, prediction markets, and payment applications.

Among investors are venture firm Dragonfly Capital, Ethereum co-founder Joseph Lubin, EigenLayer creator Shriram Kannan, and Helius founder Mert Mumtaz.

Last year, the project operator, MegaLabs, conducted a token sale. Demand significantly exceeded supply: 11,534 wallets contributed $300 million with a fundraising limit of $50 million. For allocation distribution, the team used an unconventional method—analyzing investors’ activity history on social networks.

The MegaETH ecosystem will feature a native yield-bearing stablecoin USDm. Its issuer will be Ethena, and the collateral will be provided by the tokenized BlackRock fund.

Recall that in March 2025, developer with the nickname Gunboats ported the recently sanctioned Tornado Cash mixer to the test network of the MegaETH L2 project.

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