MegaETH Launches Public Testnet, Raises $30 Million for Web2-Level Performance and Instant Transactions

MegaETH Labs has launched its public testnet, aiming to achieve Web2-level performance and speed. The project has successfully raised $30 million to support its development, which focuses on real-time applications such as payments, trading, gaming, and lending. Users have reported a seamless experience while interacting with the testnet, highlighting its instant transaction capabilities. The launch is seen as a significant step for the Ethereum ecosystem, with many in the crypto community expressing optimism about its potential impact.

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