MegaETH

mega

Rank #489•Layer 2 (L2), Ethereum Ecosystem

CoinYQ Dossier

MEGA and MegaETH: From Live Mainnet to Token Launch

MEGA is the native protocol token of MegaETH, an Ethereum OP Stack layer 2. It launched after the mainnet and alongside a KPI-linked distribution design.

A token launched after mainnet

MegaETH’s mainnet was live before MEGA. The project states that its KPI was reached on 2026-04-23 and that MEGA launched on 2026-04-30 at contract 0x28B7E77f82B25B95953825F1E3eA0E36c1c29861.

Current network architecture

MegaETH currently uses one sequencer, EigenDA for data availability, and an Ethereum dispute or fault-proof route within its OP Stack design. The evidence does not explicitly identify MEGA as the network’s gas token.

KPI allocation and planned controls

Flux KPI commitments are live, and more than half of supply is reserved for KPI distribution. Live contract state at review time showed 9,999,999,999.991098857711594213 MEGA total supply and a zero-address owner. The verified ABI limits minting to the owner, so no nonzero address can currently mint; holders can burn their own tokens.

How the project changed

2026-02-09
MegaETH mainnet launches
MegaETH opened its public mainnet before the MEGA token generation event.
2026-04-23
KPI threshold reached
MegaETH recorded the KPI threshold that triggered the token generation event.
2026-04-30
MEGA launches
MEGA went live after the KPI-triggered launch condition was met.
2026-04-30
Flux commitments open with the token
The launch announcement presented Flux commitments as the live way to commit MEGA to future KPI distributions.

Evidence and primary sources

Last evidence review: 2026-08-25

What is MegaETH?

MEGA is the native protocol token of MegaETH, an Ethereum layer-2 network built with the OP Stack. Its contract address is 0x28B7E77f82B25B95953825F1E3eA0E36c1c29861.

What problem does MegaETH solve?

MEGA is tied to MegaETH’s protocol and KPI distribution design, but the token did not launch with the mainnet. That distinction matters because current infrastructure, live KPI commitments and future decentralization plans are at different stages, and the supplied evidence does not establish that MEGA is the gas token.

How does MegaETH work?

MegaETH currently uses a single sequencer, EigenDA for data availability, and an Ethereum dispute or fault-proof path. Flux KPI commitments are live, and more than half of MEGA’s supply is reserved for KPI distribution. Proximity seats and sequencer rotation and staking are planned rather than current. A live Ethereum RPC read on 2026-08-25 returned a totalSupply of 9,999,999,999.991098857711594213 MEGA and owner() equal to the zero address. The verified ABI exposes owner-only minting, so no nonzero address can currently call mint; holders can still burn their own tokens.

Key facts

MEGA is the native protocol token of the MegaETH Ethereum OP Stack L2.
The MEGA contract is 0x28B7E77f82B25B95953825F1E3eA0E36c1c29861.
MegaETH’s mainnet was live before the token launched.
The stated KPI was reached on 2026-04-23, and MEGA launched on 2026-04-30.
The current architecture uses a single sequencer, EigenDA and an Ethereum dispute or fault-proof path.
Flux KPI commitments are live, and more than half of supply is reserved for KPI distribution.
Proximity seats and sequencer rotation and staking are planned, not current.
A live Ethereum RPC read on 2026-08-25 returned totalSupply of 9,999,999,999.991098857711594213 MEGA and owner() equal to the zero address; the verified ABI limits minting to the owner.
The supplied evidence does not establish MEGA as the gas token.