MegaETH public mainnet is officially out now, good job team.
They are entering the crypto arena with a bold promise: to make using the blockchain feel as fast as scrolling through Twitter or using a standard web app.
While the broader market is still digesting recent volatility, this launch lands right in the middle of a massive debate over Ethereum’s future.
Introducing The Rabbithole — your MegaETH ecosystem frontend
Mainnet is now fully open to the public.
Rabbithole is how users:
→ Discover live and upcoming apps
→ Bridge and swap assets
→ Get notified of ecosystem events
→ MoreLive now. Features and link below. pic.twitter.com/TCxcHyciku
— MegaETH (@megaeth) February 9, 2026
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What Is MegaETH and Why Does It Matter?
If you’ve ever tried to buy an NFT or swap tokens on a busy day, you know the pain: click button, wait, refresh, wait some more.
MegaETH pitches itself as a “real-time blockchain.” Instead of waiting for the mail truck to fill up, it wants to send your transaction instantly, like a text message.
This launch is particularly timely because Vitalik Buterin recently signaled a shift in the L2 roadmap, suggesting we might need to focus more on the main layer to stop user experience from getting too fragmented.
[ ZOOMER ]
ETHEREUM FOUNDER VITALIK BUTERIN SAYS THE ORIGINAL VISION FOR L2'S "NO LONGER MAKES SENSE", UNLESS THEY CAN "EXTREMELY SCALE" OR DO SOMETHING NOVEL: X
— zoomer (@zoomerfied) February 3, 2026
The industry is split on this. Just recently, ENS abandoned its own plans for a Layer-2 chain to stay on the mainnet, proving that not everyone believes more L2s are the answer. MegaETH is betting that if an L2 is fast enough, users won’t care about the rest.
How MegaETH Differs from Other Ethereum L2s
So, is this just another hype train, or is the tech real? According to the MegaETH team’s announcement, the network targets over 100,000 transactions per second (TPS). For context, Ethereum usually handles less than 30 TPS, and even fast L2s like Base or Arbitrum don’t hit those numbers consistently.
It is insanely fast. Recent stress tests reportedly hit around 55,000 TPS, basically Solana level.
Add big backers like Vitalik Buterin and Joe Lubin, plus real utility from day one with over 50 apps launching and the Rabbithole portal already live, and this is clearly not a ghost town.
(Source: CryptoRank)
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What This Means for Ethereum Price and the L2 Debate
MegaETH adds fuel to the “L2 vs. L1” fire. Supporters see this as the evolution Ethereum needs, a layer that finally allows high-frequency trading and complex gaming to happen on-chain.
If successful, it could onboard millions of users who are currently priced out or annoyed by lag.
Vitalik recently shared an article implying that most L2s' original purpose of scaling Eth L1 has become obsolete.
Listen to @yeluacaM from @blockworksres on our latest pod, assessing if and which L2s have sufficient differentiation
pic.twitter.com/Kk6DIJzajF
— Odyssey (@OdysseyBiS) February 10, 2026
However, critics worry about fragmentation. Does adding another chain just scatter liquidity further
MegaETH is trying to solve this by using unique tokenomics; the MEGA token unlocks aren’t guaranteed; they are tied to performance milestones (KPIs), forcing the team to deliver real value to get paid.
For now, watch the “MegaMafia” apps. If they gain traction, this could be the model that saves Ethereum from feeling slow and expensive. If not, it’s another expensive experiment in a crowded room.
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The post MegaETH Launches Mainnet: Vitalik Buterin Favorite New Child? appeared first on 99Bitcoins.
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