Designed as a layer 2 solution on Ethereum, MegaETH reports transaction processing speeds of up to 100,000 transactions per second (TPS) with millisecond latency.
![](https://public.bnbstatic.com/static/content/square/images/4aecab3a961d479ca8f3962e6cdaff1f.jpg)
Da Bing, founder of MegaETH, announced the funding round on Twitter. Institutional investors include Dragonfly Capital, Figment Capital, Robot Ventures, Folius Ventures, Tangent, Big Brain VC and Credibly Neutral.
Read us at: Compass Investments