Explore the latest developments concerning MegaETH TVL Rises.
MegaETH TVL Rises 65% in a Week, but TGE Conditions Remain Unmet
Ethereum Layer 2 MegaETH’s mainnet, which launched on Feb. 9 following a high‑profile stress test ahead of its debut, has seen total value locked climb to roughly $66.48 million as of today, Feb. 16. The total value on MegaETH represents a roughly 65% increase compared with TVL at the immediate post‑launch period, where it was around $40.3 million, data from DefiLlama shows.
Stablecoins account for the bulk of on‑chain balances, with the chain’s $99.2 million stablecoin market cap up 56% over the past week, while bridged asset TVL are about $122 million.
Decentralized crypto exchange Kumbaya is the largest app on MegaETH by value locked by a wide margin, with roughly $51 million in TVL, dwarfing other early entrants as users have parked capital in its liquidity pools since launch.
Transak Unlocks Instant Fiat Access to MegaETH’s 100K TPS Network
Transak expanded its payment infrastructure as it unlocked instant fiat access to MegaETH’s high-speed network, which processes 100,000 transactions per second. The integration now streamlines direct ETH purchases on MegaETH and removes several long standing onboarding barriers. The update positions Transak as a central gateway for rapid blockchain activity.
Transak activated full support for MegaETH and enabled users to acquire ETH directly on the chain without external steps. The company linked its global payment rails to the real-time Layer 2 network and created a unified flow. Transak ensured that the experience supports cards, wallets, and regional methods.
The integration allows more than 10 million users to enter MegaETH without bridging or exchange accounts. Transak also removed the need for prior crypto holdings and simplified the entire onboarding process. The update aligns with MegaETH’s objective to support internet-level speeds and consistent execution.
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Namik Muduroglu: Blockchain teams must engage in application development, MegaETH achieves 55,000 transactions per second, and the shift from infrastructure to user-centric ecosystems | Unchained
MegaETH's innovative approach aims to redefine blockchain application development for broader user adoption.
Namik Muduroglu serves as Chief Strategy Officer and founding team member at MegaETH. He previously worked as an investor at Hypersphere Ventures and as a Strategic Business Developer at Consensys. At MegaETH, he has shaped the project’s launch strategy, including its oversubscribed token sale and decision to delay the token generation event.
MegaETH's innovative approach aims to redefine blockchain application development for broader user adoption.
Namik Muduroglu serves as Chief Strategy Officer and founding team member at MegaETH. He previously worked as an investor at Hypersphere Ventures and as a Strategic Business Developer at Consensys. At MegaETH, he has shaped the project’s launch strategy, including its oversubscribed token sale and decision to delay the token generation event.
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