Vitalik-backed MegaETH blockchain to launch in February

Core Insights - MegaETH, a blockchain project backed by Ethereum co-founder Vitalik Buterin, is set to launch on February 9, 2026, and is anticipated to be one of the most significant debuts in the crypto industry [1] - The blockchain claims to achieve 100,000 transactions per second with millisecond-level responsiveness while remaining compatible with Ethereum [1] Investment and Demand - MegaETH has attracted investments from notable figures and firms, including Dragonfly Capital, Vitalik Buterin, Joe Lubin, Sreeram Kannan, and Mert Mumtaz [2] - The initial coin offering (ICO) for MegaETH was oversubscribed, with 11,534 wallets pledging over $300 million, although only $50 million in tokens were available for purchase [2][3] Technology and Applications - MegaETH is positioned as a "world computer," aiming to overcome the limitations of Ethereum's high costs and throughput [3] - The project is expected to enable Web2-scale applications on-chain, with developers already building various applications, including video games and payment systems, on its test network [4] Token Performance - The MEGA token was trading at $0.18 on Hyperliquid futures markets, reflecting a 60% decline from its November high of $0.50 [5]