Why MegaETH Has Me Bullish on Ethereum

Lately, some people have been asking me which projects I’m bullish on, and MegaETH has caught my attention.

Ethereum might seem slow, especially given how fast the industry moves and how long people have been waiting for its next breakthrough. But it’s still the OG blockchain that many Layer 2 projects and dApps rely on for security and decentralization. With Vitalik’s support and the MegaETH team working closely with Ethereum’s core developers, that’s a bullish signal in itself.

So, what’s MegaETH all about?

It’s a project generating a lot of excitement around Ethereum’s future scalability. MegaETH markets itself as a real-time blockchain designed to deliver transaction speeds and throughput comparable to traditional Web2 cloud infrastructure. A key part of MegaETH’s architecture is its use of a single sequencer to eliminate the need for consensus among multiple validators during normal operation.

Think of the sequencer as a traffic controller at a busy intersection who directs all cars (transactions) quickly and efficiently without waiting for multiple traffic controllers to agree altogether. This centralized sequencer model is what enables MegaETH to achieve an initial throughput of 20,000 transactions per second (TPS) and sub-millisecond latency – delivering a user experience similar to Web2 applications, which is a significant breakthrough over the throughput of Ethereum’s base layer.

They say they’re only using about 16% of their total capacity so far, aiming to scale up to 100,000 TPS. If these numbers hold up, MegaETH could handle the combined transaction volume of the next 15 largest blockchains – a game-changing milestone for Ethereum’s scalability.

Hype or substance?

As I mentioned before in “Decoding The Narrative Machine”, every new project comes with a compelling story, often promising to be the “Web2 version” of decentralization. But MegaETH’s story has legitimacy, rooted in its mission and close ties to Ethereum. If they can deliver even half of their vision, MegaETH could be the next big step forward in the industry.