Upcoming Stress Test and Network Capabilities
MegaETH, the high-performance Ethereum Layer 2 network, is preparing for an unprecedented stress test this Thursday, aiming to process a staggering 11 billion transactions over the course of seven days. This bold move is set to push the limits of the network, testing its ability to handle between 15,000 and 35,000 transactions per second. The stress test will involve a mix of latency-sensitive applications, including popular gaming apps like Stomp.gg, Smasher.fun, and Crossy Fluffle, along with backend Ethereum transfers and decentralized exchange swaps through Kumbaya.xyz.
According to MegaETH’s team, the test is designed to simulate real-world usage at scale, challenging the network’s ability to sustain high transaction volumes under load. They emphasize that “stress tests only matter if they’re uncomfortable,” highlighting their commitment to identifying and fixing any potential weaknesses before the official launch. This global stress test aims to uncover any issues, ensuring the network is prepared for the demands of users and developers once it goes live.
- •MegaETH aims to process 11 billion transactions in seven days.
- •Stress test focuses on gaming, DeFi apps, and high throughput.
- •USDm stablecoin powers network stability for MegaETH’s mainnet launch.
MegaETH’s Pre-Deposit Bridge Refund Decision
In November, MegaETH made a significant decision to return all funds raised from its Pre-Deposit Bridge, following operational issues during the event for its native stablecoin, USDm.
The team acknowledged that the pre-deposit event didn’t meet expectations, particularly the goal of preloading collateral for a 1:1 USDm conversion at the mainnet. This decision underscores MegaETH’s commitment to ensuring a smooth and successful mainnet launch by addressing these challenges ahead of time.
Preparing for Mainnet Launch with Enhanced Performance Features
The platform’s mainnet launch will follow closely after the stress test, bringing day-one applications powered by its native stablecoin, USDm. MegaETH is specifically built to support low-latency, high-throughput applications, making it an ideal solution for decentralized finance (DeFi) and consumer applications alike. With USDm at its core, MegaETH will ensure predictable and stable sequencer costs for users as the network scales.
Founded in 2022, MegaETH raised $20 million in seed funding from notable investors such as Dragonfly Capital, Vitalik Buterin, and Joseph Lubin. The stress test and upcoming mainnet launch are critical milestones for the project as it seeks to position itself as a leading Ethereum Layer 2 solution.
MegaETH’s unique approach to scalability could help solve Ethereum’s current performance bottlenecks, making it an attractive platform for developers. As the stress test unfolds, all eyes will be on whether MegaETH can indeed handle 11 billion transactions without faltering, setting a new record for transaction counts across all EVM chains.