MegaETH is an EVM-compatible, performance-first blockchain focused on real-time user experiences, targeting high throughput and sub-second responsiveness with technical work focused on execution performance and low latency.

Project Function

Provide a real-time, low-latency execution environment for EVM applications through system-level execution and storage optimizations, parallel execution strategies, state synchronization improvements, and a streaming EVM pipeline.

MEGA Utility

Sequencer Rotation Staking: MegaETH operates a single active sequencer that rotates globally. Operators compete for sequencer time windows by staking MEGA tokens. Selection depends on stake amount, historical performance, and infrastructure capability.

Proximity Markets: Market makers and dApps lock MEGA tokens to bid for "colocation" — sequencer-adjacent positions that reduce latency. These positions are tokenized and dynamically allocated, essentially creating an on-chain mechanism for capturing MEV.

Gas Fee Payment: MEGA can be used to pay for gas/transaction fees on the network.

Governance: MEGA token holders vote on protocol upgrades, parameter adjustments, and treasury allocations.

About the Founders

Yilong Li (CEO) holds a PhD in Computer Science from Stanford University where he worked in John Ousterhout's Platform Lab. His research focuses on low-latency datacenter computing. Before Stanford, Yilong worked as a senior software engineer at Runtime Verification, a formal verification company connected to the Ethereum ecosystem.

Lei Yang (CTO) completed his PhD in Computer Science at MIT in 2024. His most relevant work includes "DispersedLedger: High-Throughput Byzantine Consensus on Variable Bandwidth Networks" (NSDI 2022), co-authored with Sreeram Kannan (EigenLayer founder) and David Tse (Stanford professor).

Shuyao Kong (CBO) spent roughly six to seven years at ConsenSys as Global Head of Business Development. She also worked at Brave Software, IBM, and Infosys.

Namik Muduroglu (CSO) previously worked at ConsenSys as a strategic business developer. He invested through Hypersphere Ventures and co-founded humanID, an award-winning open-source nonprofit.

Risks of MEGA

Like an investment in other crypto assets, there are some general risks to investing in MEGA. These include: (i) volatility risk and liquidity risk, (ii) short history risk, (iii) demand risk, (iv) forking risk, (v) code defects, (vi) regulatory risk, (vii) electronic trading risk, and (viii) cyber security risk. For additional information of these and other general risks associated with crypto assets and Uphold's platform, please refer to the Risks Specific to Holding Digital Assets statement.

In addition to these general risks, an investment in MEGA is subject to the following specific risks:

• MEGA is the native token of the MegaETH network, an Ethereum Layer 2 that currently operates with a single active sequencer. This introduces sequencer centralisation risk, including potential downtime or transaction censorship, until a multi-sequencer architecture is in place. Assets bridged between Ethereum and MegaETH are secured by smart contracts, which carry inherent vulnerability risk. MegaETH's infrastructure has been assessed by CertiK; however, no security assessment eliminates all smart contract or bridge risk.

We emphasize that this Crypto Asset Statement is not an exhaustive description or summary of all risks associated with MEGA. Investors should conduct their own research and perform their own assessment before trading any crypto asset to determine the appropriate level of risk for their personal circumstances.

The MEGA community and MegaLabs founding team are not under any legal or regulatory obligation to disclose material information to the public regarding its activities. Holders of MEGA have no recourse to the MEGA community, MegaLabs founding team, or Uphold if MEGA declines in value for any reason.

Changes to applicable law may adversely affect the use, transfer, exchange, or value of any of your crypto assets, and such changes may be sudden and without notice.

Uphold's Evaluation Process

Prior to listing MEGA on the Uphold Platform, Uphold performed due diligence on MEGA and determined that MEGA is unlikely to be a security or derivative under relevant securities legislation. Uphold's analysis included reviewing publicly available information on the following:

• The creation, governance, usage, and design of MEGA, including ensuring the source code is open-source, audited and peer reviewed, security, and roadmap for growth in the developer community.
• The supply, demand, maturity, utility, and liquidity of MEGA.
• Any marketing materials put forward by the MEGA social team including on Twitter, Medium blog, LinkedIn posts, Discord and Telegram channels.
• Material technical risks associated with MEGA, including any code defects, security breaches and other threats concerning MEGA and its supporting blockchain (such as the susceptibility to hacking and impact of forking), or the practices and protocols that apply to them.
• Legal and regulatory risks associated with MEGA, including any pending, potential, or prior civil, regulatory, criminal, or enforcement action relating to the issuance, distribution, or use of MEGA.