MegaETH ICO Raises $50 Million in Record Time, Signaling Major Impact on Ethereum

MegaETH’s Initial Coin Offering (ICO) has generated significant buzz, exceeding expectations and raising a staggering $50 million in just five minutes. The project, designed to improve Ethereum’s scalability through a Layer 2 solution, saw unprecedented demand from investors, quickly reaching a valuation of $1 billion as reported by ZOOMER via PANews. This rapid success underlines strong investor confidence and hints at MegaETH’s potential to reshape the Ethereum ecosystem.