MegaETH is emerging as a notable Ethereum Layer 2 (L2) solution, boasting computational throughput that surpasses major competitors in the space. The project has raised $20 million and aims to achieve a target throughput of 100,000 transactions per second (TPS) through advanced technologies such as parallel execution and an optimized Ethereum Virtual Machine (EVM) environment. RedStone has introduced RedStone Bolt, a service designed to provide oracle capabilities for MegaETH, enhancing its functionality. Additionally, the MegaETH testnet is supported by various projects including Ethena, LRTs, BlackRock BUIDL, and Apollo (ACRED). The ongoing developments signal a promising future for MegaETH in the blockchain ecosystem.