MegaETH, a next-generation Layer-2 built on Ethereum, has opened registration for its upcoming Initial Coin Offering (ICO) on Cobie’s Sonar platform from October 15 to October 27, 2025.
Positioned as the industry’s first real-time blockchain, MegaETH claims to process over 100,000 transactions per second with 10-millisecond block times, bringing Web2-level speed to Ethereum. Backed by Vitalik Buterin, Dragonfly Capital, and Joseph Lubin, the project’s upcoming token sale is one of the most anticipated events in the 2025 Layer-2 landscape.
What Is MegaETH Ethereum Layer-2 and How Does It Work?
MegaETH is a next-generation Ethereum Layer-2 network designed to make blockchain interactions feel as fast as the internet. While most networks take seconds to confirm transactions, MegaETH targets speeds of over 100,000 transactions per second with block times as short as 10 milliseconds.
By processing transactions within milliseconds, it removes the usual waiting time for trades, swaps, or on-chain gameplay. For developers, this enables real-time applications that were previously impossible on slower networks.
Fully compatible with Ethereum, MegaETH lets users connect with familiar wallets and developers deploy existing smart contracts without major changes. It positions itself as the first “real-time blockchain,” bridging the gap between today’s Web3 experience and the speed of traditional Web2 applications.
Core Advantages of MegaETH
• Fast L2 Confirmation: Transactions are processed and displayed within milliseconds, providing near-instant feedback for users
• Secure L1 Settlement: Final confirmation and security are anchored to Ethereum’s Layer-1 network
• Low Fees: Optimized design keeps gas costs far below Ethereum mainnet
• EVM Compatibility: Works seamlessly with existing Ethereum tools and dApps
• Scalable for Builders: Ideal for high-frequency DeFi, gaming, and real-time social applications
• Strong Backing: Supported by Vitalik Buterin, Dragonfly Capital, and Joseph Lubin
MegaETH ($MEGA) Tokenomics Overview
The MegaETH token, currently using the ticker $MEGA on the testnet, will serve as the network’s native asset for transaction fees, staking, governance, and ecosystem incentives. While the official ticker and full allocation breakdown have not yet been confirmed, the token is designed to align incentives between users, validators, and developers while powering the Layer-2 economy.
Funding and distribution highlights:
• Seed round (June 27, 2024): Raised 20 million USD led by Dragonfly Capital, with participation from Vitalik Buterin, Joseph Lubin, and other early Ethereum backers.
• Community round (December 13, 2024): Raised 10 million USD through Cobie’s Echo platform, fully subscribed within minutes by over 3,000 participants.
• ICO registration (October 15–27, 2025): Registration period for the upcoming public token sale on Cobie’s Sonar platform. The sale date will be announced after registration closes.
The token’s total supply, public sale amount, allocation breakdown, and vesting schedule have not yet been confirmed by the team. Interested participants are advised to keep an eye on MegaETH’s official website and X (Twitter) channel for the latest announcements.
MegaETH ICO: Public Token Sale Registration Ends on October 27, 2025
The MegaETH ICO is the project’s upcoming public token sale that allows retail participants to gain early exposure to the network’s native token before its official launch. The sale will take place on Sonar by Echo, a platform known for hosting high-demand, verified Web3 offerings such as Plasma (XPL) and Ether.fi.
Unlike its earlier community rounds, which were limited to private investors and pre-selected contributors, the ICO aims to broaden ownership and bring in a wider group of participants ahead of the token generation event. Interested users must first register during the official sign-up period, after which the project will announce the sale’s start date, allocation size, and purchase requirements.
Through the ICO, MegaETH intends to transition from a developer-focused testnet phase to a community-driven ecosystem, giving early participants a chance to join the network’s growth ahead of mainnet launch.
When Is the MegaETH ICO and Who Can Participate?
• Registration period: October 15–27, 2025
• Public sale date: The official sale date, token price, and allocation size will be announced after registration closes.
Who Is Eligible for the $MEGA Presale
Anyone who completes registration and passes KYC verification on Sonar by Echo during the registration window will be eligible to participate. The sale is open globally, except in restricted jurisdictions as defined by the platform’s compliance policy.
How to Participate in the MegaETH ICO
The MegaETH ICO is conducted through Sonar by Echo, the same platform used for previous high-profile launches such as Plasma (XPL).
Step 1: Go to MegaETH’s Offering Registration Page
Visit the official MegaETH registration link provided on the project’s website or verified X (Twitter) account to ensure authenticity.
Step 2: Register on Sonar by Echo
Create or log in to your Sonar account and complete KYC verification during the registration period (October 15–27, 2025).
Step 3: Wait for Token Sale Confirmation
After registration closes, Sonar will notify approved users about the confirmed sale date, allocation size, and accepted payment currencies.
Step 4: Participate in the MegaETH Token Sale
On the announced date, return to Sonar’s MegaETH offering page and contribute using supported assets such as USDT or ETH.
Step 5: Claim Your $MEGA Tokens
After the token generation event, claim your tokens through the official claim page according to the vesting or release schedule announced by the team.
Will There Be a $MEGA Airdrop?
MegaETH confirmed in its April announcement that an airdrop will be part of its long-term distribution plan, tied to its earlier soulbound NFT initiative for early supporters and testnet participants.
With the new public sale registration now open on Sonar by Echo, investors are speculating that the team may expand this model to include presale contributors as well.
A recent example fueling this view is Plasma (XPL), which raised over 370 million USD in its public sale and distributed around 25 million USD worth of tokens to presale participants. Each eligible user received roughly 9,300 XPL, valued at about 8,400 USD at launch.
When Could MegaETH Airdrop Launch?
While no official details have been confirmed, MegaETH’s past statements and current sale structure suggest a potential airdrop remains likely. Participants engaging early, whether through testing or registration, may stand the best chance of future eligibility.
Risks and Considerations Before Participating in the MegaETH ICO
While MegaETH’s public sale has drawn strong attention, participants should evaluate several project-specific risks before joining.
1. Unconfirmed token details: The team has not yet released the final tokenomics, including total supply, sale amount, and vesting schedule. Without these details, it is difficult to assess valuation or potential dilution.
2. Development and performance risk: MegaETH’s “real-time blockchain” claims remain in testing. The network’s ability to sustain 100,000 TPS and 10 ms block times under real mainnet conditions has not yet been proven.
3. Sale and listing uncertainty: The ICO timeline, token price, and post-sale liquidity have not been finalized. There is no guarantee that tokens will be listed immediately or supported by major exchanges at launch.
4. Regulatory and jurisdictional limits: Participation eligibility may vary by region. Users in restricted countries or without successful KYC verification on Sonar by Echo will not be able to join.
5. Security and verification risk: As excitement builds around the sale, fake registration sites or phishing campaigns are likely to appear. Only use links shared through MegaETH’s verified channels to avoid scams or data theft.
Conclusion
MegaETH is emerging as a notable new Layer-2 project within the Ethereum ecosystem. With its focus on real-time performance, strong technical ambitions, and an upcoming ICO on Sonar by Echo, it is attracting growing attention from both developers and investors.
Still, much remains uncertain. The team has yet to confirm its full tokenomics and sale terms, and the network’s real-world performance will only become clear after mainnet launch. Anyone considering participation should follow official updates closely and approach the sale with measured expectations.
If MegaETH delivers on its promises, it could represent a meaningful step toward faster and more accessible Ethereum scaling, but for now, the project’s success will depend on execution after the token launch.