The Next Big Blockchain? MEGAETH’s ICO Hits $1B Valuation Before You Could Refresh

Edyme

October 27, 2025

The MEGAETH ICO was oversubscribed almost instantly, with thousands of participants flooding the registration portal as the sale opened

The race for blockchain scalability just gained a new frontrunner. MEGAETH, a next-generation blockchain protocol built for real-time, high-throughput performance, has officially closed its Initial Coin Offering (ICO), and it took less than five minutes to do it.

The sale raised over $50 million at a $1 billion fully diluted valuation, marking one of the most explosive token launches of 2025.

The sale, which opened on October 27, was hosted through the project’s official platform, sale.megaeth.com, and quickly drew overwhelming demand from both institutional and retail investors.

A record-breaking token sale

The MEGAETH ICO was oversubscribed almost instantly, with thousands of participants flooding the registration portal as the sale opened.

According to live data from the sale dashboard, the $50 million target was hit in minutes, leaving many would-be participants out of the round.

The team had implemented a registration process requiring identity verification and contribution caps, aimed at keeping participation fair and accessible, a contrast to many previous token launches that were dominated by large private investors.

The funding round included contributions from a mix of crypto-native venture capital firms, DeFi projects, and individual community members. The project’s $1 billion valuation reflects the market’s growing interest in scalable infrastructure that could power the next generation of decentralized applications.

Aiming to redefine blockchain performance

At its core, MEGAETH is designed to solve the long-standing challenges of scalability, transaction costs, and latency that have limited existing Layer-1 blockchains like Ethereum.

The network’s architecture leverages Ethereum’s proof-of-stake (PoS) consensus for settlement, combined with node specialization and in-memory state storage to deliver real-time performance while maintaining security and partial decentralization.

As an Ethereum Layer-2, MegaETH uses specialized nodes like sequencers for parallel transaction execution and EigenDA for data availability, achieving sub-10ms block times and high throughput without traditional sharding.

According to its whitepaper, the system is capable of processing thousands of transactions per second, supporting complex DeFi operations, gaming transactions, and enterprise-grade smart contracts without the congestion issues typical of older blockchains.

Behind the project is a team of blockchain engineers and researchers, including experts from ConsenSys and EigenLayer, whose experience adds credibility to MEGAETH’s ambitious roadmap.

Supported by investors like Ethereum co-founder Joe Lubin and Solana ecosystem figure Mert Mumtaz, the team’s expertise in low-latency systems and consensus mechanisms drives confidence in the project’s goals.

The protocol has secured early partnerships with Ethena Labs for a native stablecoin and Pi Squared for dual-client validation, alongside its own Fluffle NFT collection, strategic moves aimed at driving early network utility for DeFi and gaming applications once mainnet goes live.