MegaETH Raises $450M: Oversubscription Signals Strong Demand for Ethereum Layer-2 Solutions

MegaETH has secured a landmark $450 million in its token sale, fueled by backing from prominent Ethereum founders. This oversubscribed event demonstrates strong interest in high-speed Ethereum Layer-2 solutions and their potential impact on DeFi applications. 10 billion MEGA tokens were offered during the sale, with institutional and retail investors driving demand.