MegaETH, an Ethereum Layer 2 (L2) blockchain designed for real-time transaction speeds up to 100,000 TPS with sub-10ms block times, has opened registration for a community-focused public initial coin offering (ICO).
The sale will be hosted on Sonar, a token launch platform founded by crypto influencer Jordan “Cobie” Fish co-founder of Lido. This marks a revival of ICOs in 2025, emphasizing transparency and user engagement over speculative farming.
Open to anyone completing KYC on Sonar; excludes MegaETH employees and users from restricted countries (e.g., China, Russia, Afghanistan). U.S. users must qualify as accredited investors.
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Raised $30M total $10M in Dec 2024 via Echo; earlier seed. Earlier token distribution via soulbound NFT mint “The Fluffle” pioneer collection. Backed by Ethereum figures like Vitalik Buterin. No confirmed FDV yet—speculation points to $1B+ based on hype.
The ICO aims to boost liquidity ahead of MegaETH’s full rollout as an Ethereum scalability solution. Community sentiment on X is bullish, with users noting the merit-based model and potential for high returns, though risks like oversubscription and high FDV are highlighted. Earlier plans included NFT-based distribution to avoid small airdrops.
Matrica’s DM.Fun Platform FUN Token Presale via Metaplex Genesis
Matrica a Web3 platform surpassing 1M users via features like Matrica Connect and Metaplex’s Genesis protocol are active in token launches. Matrica has integrated Metaplex tools like Bubblegum v2 for automated community rewards and access control on Solana.
In June 2025, it hit 1M users, driven by Metaplex-powered features. Launched July 2025, Genesis is an onchain protocol for Solana/SVM token offerings. It supports presales, auctions, and launch pools with transparent tokenomics.
Unified pricing to deter bots; early adopters include Portals Web3 gaming, $90M valuation TGE in Sept 2025. If this presale is imminent, it would fit Genesis’s model for fair, programmable launches.
Implications of MegaETH’s Public ICO
MegaETH’s ICO on Sonar represents a pivotal moment for Ethereum’s Layer 2 ecosystem, blending high-performance tech with a community-centric fundraising model.
By prioritizing transparency, merit-based allocations, and real-time capabilities, it addresses longstanding pain points in blockchain scalability and user engagement.
MegaETH’s focus on 100,000+ TPS and sub-10ms block times could enable “real-time” applications that Ethereum’s base layer and most L2s currently can’t handle, such as high-frequency trading (HFT), on-chain gaming, and AI-driven DeFi.
This aligns with Ethereum’s modular vision, where L2s like MegaETH handle execution while settling on L1 for security. Backing from figures like Vitalik Buterin signals confidence in its potential to “save” the L2 narrative by delivering Web2-like speed without sacrificing decentralization.
The ICO’s emphasis on GitHub contributions for allocations incentivizes open-source involvement, potentially accelerating ecosystem growth. Projects in the “MegaMafia” incubator like Avon_xyz for orderbook lending, Valhalla_defi for perps DEX are poised to leverage this blockspace for composable, high-throughput dApps.
Users could see seamless experiences like batch transactions without gas wars, reducing the UX gap with centralized apps. This marks a 2025 ICO resurgence, shifting from speculative farming to merit-driven models.
The 10% discount for 1-year lockups mandatory for U.S. accredited investors promotes long-term holding, potentially stabilizing post-launch volatility. However, high speculation ($1B+ FDV) risks overvaluation, echoing past ICO busts, while exclusions highlight regulatory hurdles.
Oversubscription could favor “authentic” participants, reducing sybil attacks but alienating casual speculators. Soulbound NFT integrations from prior rounds ensure early holders get meaningful stakes, fostering loyalty. Yield opportunities via MegaUSD (USDm) staking could compound returns, drawing DeFi liquidity.
Success here could restore faith in ETH L2s, countering Solana’s UX dominance and positioning Ethereum for AI/economy onboarding. It challenges the “compromise” culture, proving decentralization can match centralized speeds.
Mandatory accreditation for U.S. users and compliance tools via ZK-based KYC signal proactive adaptation to MiCA/FATF pressures, paving the way for institutional inflows without full privacy trade-offs.
Overall, MegaETH’s ICO could catalyze Ethereum’s evolution into a “reality-enabling” platform, but its success hinges on execution—delivering mainnet without delays and managing hype.
With Matrica’s 1M+ users and NFT/memecoin security expertise, it could become the “home” for token communities, boosting engagement and retention.
FUN’s presale 150M tokens at $0.066, $10M cap starting Oct 21 ties into platform rewards, potentially funding automated community tools via Bubblegum v2. This creates a flywheel: more users ? better security ? viral memes/trades.
Metaplex’s Genesis enables anti-MEV presales with unified pricing, KYC gating, and direct DEX liquidity—preventing bot snipes seen in Pump.fun launches. Recent successes highlight its reliability, with 50% revenue buying back $MPLX for ecosystem sustainability.
By blending social tools with token launches, it counters “trench” fatigue, fostering convicted communities. If DM.Fun hits 1M users like Matrica Connect, it could redefine Solana as the go-to for fun, secure on-chain interactions.
