Key Takeaways
MegaETH’s ICO was completed in under five minutes, raising nearly $50 million.
The token sale valued MegaETH at $1 billion.
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MegaETH, a next-generation Ethereum Layer 2 (L2) blockchain designed for real-time performance with high throughput and low latency, saw its token sale oversubscribed within minutes, raising approximately $50 million at a $1 billion fully diluted valuation.The project required participants to register on a specific platform with identity checks to ensure fair access. MegaETH prioritized community involvement by capping commitments and focusing on broad participation rather than exclusive investor deals.Recent blockchain ICOs have highlighted a trend toward English auction structures to manage high demand transparently.
