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Author: David C, Bankless; Compilation: Deng Tong, Bitchain Vision
MegaETH’s Soul NFT Community Fundraising for Fluffles has quickly become the hottest topic on crypto Twitter since its launch, but the highly hyped Vitalik-backed L2 has received $20 million in venture capital and over on the Echo community fundraising platformAfter the $10 million funding subscription, it has attracted a lot of attention in recent months.
While its community-centric financing approach is a positive push to traditional venture capital support models, MegaETH’s main selling point is to provide millisecond block acknowledgment without compromising security, achieving what it calls “real-time”Blockchain – an on-chain experience that feels like using a traditional web2 server.
Let’s take a look at the inside of MegaETH and how early builders do things at such a fast pace.
Who is behind MegaETH?
MegaETH’s core development team, MegaLabs, must continuously break through the boundaries in many aspects of blockchain research and development in order to achieve MegaETH’s goals.The project relies on dedicated node settings, optimized block production and other overall performance upgrades to build the next generation system.What does all this actually mean?Let’s take a closer look.
Dedicated node
MegaETH uses four different node types and different hardware requirements for the purpose of enabling fast and efficient block production.First, a single sorter quickly organizes transactions and generates new blocks every 1-10 milliseconds, so the confirmation is almost instant.Replica nodes receive only the results of these transactions, making them easier to work and allowing them to run on simpler hardware.The full node rechecks every transaction, providing people with strong security.Meanwhile, the proofreader node processes encrypted proofs in the background, so the main network can continue to run quickly without the burden of carrying out the work required to accomplish these tasks.
Optimize blocks
As mentioned above, the target of MegaETH is the block time in milliseconds.In addition, it adjusts the number of transactions that can be accommodated in each block according to the working speed of different nodes in the network.It also charges additional fees for operations that update network state more frequently, which helps avoid slowing down during peak usage—a problem that often plagues other EVM-based blockchains.By combining ultra-fast blocks, flexible gas management and a two-step finality approach (Ethereum confirms everything in the background), MegaETH theoretically remains reliable and efficient even under a lot of demand.
Comprehensive performance improvement
MegaETH not only speeds up part of the EVM, but also completely remodels all parts.The chain handed over the big data task to EigenDA, allowing a single sorter to focus on maintaining speed rather than dealing with storage limitations.It also uses methods such as parallel indexing to manage tens of thousands of transactions per second.While many blockchains can run into trouble if they optimize one part and ignore others, resulting in data synchronization or transaction confirmation delays, MegaETH’s goal is to keep the entire process real-time, which is an ambitious task to tradeThe user will be able to make a judgment on the test network soon.
improve
Finally, MegaETH organizes data in a novel way, processing transactions at such a high rate.It keeps critical information in memory, rather than slower disk storage, allowing it to read or write data almost immediately.After each batch of transactions, the sorter only sends changes (not the full transaction history) to other nodes, so they don’t have to redo all the work themselves.MegaETH also improves the way in which account balances and other network details are recorded, avoiding the slowdown that often occurs when blockchains update their data structures too frequently.All in all, this allows MegaETH to achieve 100,000 transactions per second while still generating a block every few milliseconds.
Five projects based on MegaETH
The speed MegaETH pursues not only smoothens the crypto applications we are familiar with and enhances their experience, but also aims to open up a new design space for applications that require instant, scalable on-chain interactions.Here are five upcoming projects on MegaETH that showcase the benefits of the chain.
Euphoria
Euphoria intends to reimagine derivative trading as an interesting, social and easy to understand transaction.
Rather than forcing people to learn complex financial tools, Euphoria launches “click transactions” where users predict price trends with just a quick click and present everything through a gaming-style user interface designed for mobile devices.The experience is designed to be inherently social and gamified, with features like chat, points system and rewards that can turn a transaction into a friendly competition.With MegaETH’s quick ending, Euphoria offers real-time price updates, instant payments, and a fun, efficiency-driven atmosphere that is reminiscent of social media platforms like TikTok.
We are coming out of our invisibility – it’s time to get excited.
Deals have long been designed to feel serious, complicated and nervous.But that’s not the case.
Today, things have changed.
Launch Euphoria – Make trading an experience.
— Euphoria (@Euphoria_fi) January 13, 2025
Sweep
Sweep transforms live entertainment into an interactive experience where viewers can make real-time predictions of anchors and live events.
Whether it’s betting who will “win the map” or how many kills the anchor may get, the platform supports instant real-time predictions, allowing users to place bets and resolve bets in minutes, thereby increasing live engagement.Because the game is fast, fast settlement is required to achieve these predictions.This is where MegaETH’s millisecond block time comes into play, improving the current Web 2 track currently powering Sweep.
The future of entertainment is not just about watching—it is about living in the present.
That’s why we created Sweep, a way to win money by predicting your favorite streaming and live events in real time.You are no longer just watching streaming passively, but becoming a part of it…
— Sweep (@trysweep) January 9, 2025
Noise
Noise hopes to capture and trade the value of attention by creating real-time markets for hot topics.
Instead of dealing with traditional supply and demand dynamics, Noise intends to use continuous data streams to show whether the trend is becoming more and more popular or less popular.While few people share these trends except their original posts, these trends may go beyond cryptographic narratives and into real life, for example, potentially leaving you short of energy drinks.By focusing on what the world cares most, Noise hopes to reinvent the way culture is discovered, shared and rewarded – to transform us from “focusing” to “get paid for it.”
Unexpected use cases of cryptocurrencies have been attracting attention.
The only real currency that matters is how we spend our time.
Introduction Noise: a platform for trading trends.
— Noise (@noise_xyz) December 3, 2024
Lemonade
Lemonade wants to create a comprehensive community platform for event management, token utilities and AI-driven automation, providing organizers with a single terminal to coordinate all phases of the community life cycle.
By allowing event planners to tokenize check-in, tickets, or other loyalty features using simple codeless tools, Lemonade hopes to make rewarding or engaging participants easier than ever.Additionally, to manage outreach, the platform incorporates AI agents to automate tasks such as marketing, logistics or event coordination.
Lemonade redefines how creators and communities interact, implementing full-on-chain Lemonade Stands on MegaETH- Lemonade redefines the creators and communities’ contacts, providing a one-stop platform for your shops, events and community centers.
— Lemonade (@lemonade_events) January 29, 2025
Pump Party
Pump Party hopes to bring cryptocurrency to mainstream audiences with a live interactive game show that combines a generous bonus pool, mobile games and social events.
Pump Party draws on popular phenomena such as Mr. Beast’s large giveaway videos, hoping to attract the public, welcome people outside the cryptocurrency space to join and compete for the grand prize in real time.Players will be able to chat, live and participate simultaneously, making each game a shared community event.The entire structure focuses on entertainment first, while using cryptocurrency tracks to support behind-the-scenes work (such as payments) fairly and instantly.
The average person knows nothing about cryptocurrencies.
Compared with the general public, we live in a small bubble.
Introduction Pump Party: The first app designed to hand over cryptocurrencies to millions of newcomers.
— Pump Party (@pumppartyapp) December 10, 2024
Summarize
MegaETH’s vision for “real-time” blockchain seems to bring hope to the future of Ethereum, while potentially opening up a new design space for cryptocurrency builders.
By relying on dedicated nodes, smart gas tuning and memory-based state solutions, the chain’s comprehensively improved EVM brings exciting upgrades to the cryptocurrency-led execution environment, hoping to enable blockchain experiences with modern web servicesComparable.Additionally, MegaETH’s community focus, through Echo Mobilization and Fluffle Casting, provides a new perspective on the stale, fully VC-backed model, creating a broader supporter base for MegaETH from the outset.
The chain’s novel publishing and design approach seems to be affecting the projects it attracts early, with early builders heavily leaning towards SocialFi and DeFi.Early diversified applications herald MegaETH’s future eventful public testnet, which early supporters hope will also inject new capital and some much-needed better atmosphere into the entire Ethereum ecosystem.
