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.
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.
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