MegaETH Mainnet is Live! — The Next Era of Ethereum Scaling
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We scaled far further than what any L1 can scale in our opinion. We did a stress test on mainnet, so everyone was able to do it. Where we did 55,000 transactions per second, That was a mixture of uni v free transfers as well as ERC transfers. And while that was happening, we were allowing users to play low latency games across the fluffel with zero UX trade offs. Now this is only possible because you've chosen to build a Layer two.
Banklist Nation, I'm here with Namic and Lei Yang of Mega ETH. Namic, Lei, welcome to Banklist.
Thanks for having us. Happy to be back.
Alright. So some pretty interesting times to be a layer two on Ethereum. This is, we're quoting the day after Vitalik released his, layer two tweet. A big moment, to say the least. When you guys just saw this tweet rocker rocket around Twitter, it got it got so big that basically everyone on crypto Twitter was commenting on this. What what was your reaction to it? Namek, I'll start with you.
Yeah. I mean, thanks for the question, David. I I think it was almost a validation of our point of view for a while. We're called Mega ETH. We love Ethereum. I mean, I go into crypto because of ETH, so it has a a special place in my heart. But the reason why MEGA uses Ethereum is not because of, like, you know, fanboyism, but because it allowed us to build the most performing possible blockchain. Right? So Ethereum gives a guarantee of sorts. Right? The guarantee, it's simple. It's the most decentralized term complete blockchain. And we take that guarantee, and we say it's sufficient for us to
Yeah it's pretty much about differentiation because to us, it's pretty uninteresting to try to build and replicate exact, primitives provided by the layer one because then first, of course, you face the the, like, the the question, why why do I use a layer two that provides essentially the same service as the layer one? But, also, it's it's just technically uninteresting in, you like, uninteresting in technical sense in a, know, like, an academic sense that you are basically trying to rep replicate things in a much harder in a much harder way in a sense that, actually, I think to to the to the
Yeah. I I do think in Vitalik Suite, there's definitely some validation of maybe I'll I'll I'll call it the barbell approach to Ethereum and to layer twos, which is, like, on one side of the barbell with one heavyweight, you have Ethereum. And that's going to be slow from transactions per second, but it's going to be max decentralized, and that's good for lots of use cases, including anchoring a layer too, but also slow DeFi, and that's getting faster, by the way. So that's one side of the barbell. The other side of the barbell, you have some extreme things that do things that aren't replicati
I think for me, it's it's a sad realization of, like, Moloch won almost in some ways. Have to be honest, everyone has different incentives. I remember one of these points was there's been stage one roll ups that told me they did not want to become stage two. Point blank. And the reason is because it was the the regulatory environment. They prefer to be more centralized. And, you know, it's it's like it's a bit of a shame, I would say. Right? But I also acknowledge that we are to blame as well. Right? There was another article that came out a few days before B's tweet, was like, Maggie from the
Lei, I'm interested in your takes on this too.
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