MegaETH has launched its public testnet, showcasing impressive performance metrics of 20,000 transactions per second (TPS) and 10-millisecond block times. The launch follows a successful funding round, securing $30 million from investors including Dragonfly Capital and Vitalik Buterin. This development is part of a broader initiative to enhance Ethereum's scalability and efficiency, as the Ethereum Foundation prepares for significant upgrades, including the upcoming Pectra and Fusaka updates. These upgrades aim to improve validator efficiency and increase Layer 2 data capacity, ensuring Ethereum remains competitive in the evolving blockchain landscape. The mainnet launch for MegaETH is anticipated soon, with developers and users eager to explore its capabilities.