#What is the significance of MegaETH's mainnet launch?
MegaETH has recently launched its mainnet, making it publicly accessible for users interested in the rapidly evolving landscape of blockchain technology. This launch introduces Rabbithole, a centralized portal designed to help users seamlessly navigate the MegaETH ecosystem.
Rabbithole allows users to discover active and future applications, manage assets through bridging and swapping features, and receive updates on ecosystem events. This holistic approach enhances user experience and positions MegaETH as a key player in the Layer 2 network space.
#How does Rabbithole improve user engagement?
The introduction of Rabbithole marks a significant enhancement in user engagement within the MegaETH network. Users can now easily explore live applications while preparing for upcoming launches. The platform’s features simplify asset management, allowing for efficient asset bridging and swapping, making it attractive to both novice and experienced users.
The efficient design of Rabbithole is crucial following MegaETH's successful stress test in late January. This test demonstrated the network's robust capability to handle 55,000 transactions per second, accumulating over 10.7 billion transactions. With an ambitious goal set at 100,000 transactions per second, MegaETH is leveraging innovative technologies such as continuous mini-blocks and a streaming execution engine, which provide block times between 1 and 10 milliseconds.
#What is the background of MegaETH's development?
Founded in 2022, MegaETH raised $20 million in a seed round that concluded in June 2024. This round was led by Dragonfly Capital and included notable participants like Ethereum co-founders Vitalik Buterin and Joseph Lubin. This strong backing indicates confidence in MegaETH’s potential and scalability.
However, the native token MEGA will not be available to users at the launch, with its release strategically tied to ecosystem growth. This means token distribution will depend on three specific milestones related to network usage rather than merely financial success. Unlocks will occur when specific performance indicators are met, including a circulating USDM average of $500 million over one month, ten MegaMafia applications live on the mainnet, or three applications that generate at least $50,000 daily in fees for a month.
Investors considering engagement with MegaETH and its ecosystem should monitor these key performance indicators, as they will directly influence token availability and potentially shape investment opportunities.