MegaETH Launches Real-Time Ethereum L2 With Sub-10ms Blocks and $89M TVL

MegaETH has launched as a real-time Ethereum Layer 2, delivering sub-10ms block times, 100,000+ TPS and direct settlement on Ethereum. The network reports roughly $89M TVL, driven largely by Kumbaya XYZ’s $51M contribution and robust stablecoin activity (USDM holding ~74% of the $84M stablecoin cap). New products — notably iTRY, a Turkish Lira stablecoin with a ~45% APY carry loop — and live deployments of Aave V3, GMX and Chainlink integrations have driven 2.26M txns in 24 hours and a sharp rise in perp trading (weekly perps volume up 900% to $45M). $MEGA’s tokenomics tie 53% of supply unlocks to hard KPIs and use USDM revenue for protocol buybacks, creating built-in demand. Overall the launch and on-chain activity suggest strong initial capital deployment and trader interest, a bullish signal for Ethereum-layer adoption and associated liquidity flows.