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News Explorer — Ethereum Scaling Protocol MegaLabs Raises $20 Million

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Jun 27, 4:00 pm

Coindesk

Ethereum Scaling Protocol MegaLabs Raises $20 Million

MegaLabs, the developer behind the real-time Ethereum scaling protocol MegaETH, has raised $20 million in a seed round led by Dragonfly Capital. The funding will be used to further develop the MegaETH protocol and launch a testnet in the coming months. MegaETH aims to process transactions as soon as they arrive, with a goal of streaming 100,000 transactions per second with millisecond-level responsiveness.

MegaLabs, the developer behind the real-time Ethereum scaling protocol MegaETH, has raised $20 million in a seed round led by Dragonfly Capital. The funding will be used to further develop the MegaETH protocol and launch a testnet in the coming months. MegaETH aims to process transactions as soon as they arrive, with a goal of streaming 100,000 transactions per second with millisecond-level responsiveness.

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