MegaETH launched Feb 9 claiming over 100,000 TPS and sub-10ms block times. Here's what the data shows.

Smart contracts deployed went from zero to 62K around launch. Daily peaks hit over 20K contracts. This includes test contracts, automated setups, and real apps going live.
Launch numbers tell the story:
> 11.4B transactions (largely from January stress test on live chain)
> 220K addresses active
> ~$5.9M in token transfers peak
> 62K contracts deployed on network
They ran a 7-day global stress test in late January that processed Ethereum's 10-year history in one week. Sustained 15,500 TPS, peaked at 35-47K TPS with real users playing games like Stomp(dot)gg, Smasher(dot)fun, Crossy Fluffle plus backend trading.
The system was tested under real user load before public launch, proving it can handle heavy traffic without breaking down.
Day 1 brought 138K total addresses, with 67K brand new in 24 hours. Good organic growth for an independent L2. Unlike Base which has Coinbase's 110M users ready to go, these came from crypto users finding and trying the platform.
What's driving all the activity:
> Stress test participants kept building
> 50+ apps launched simultaneously (Chainlink, trading bots, games)
> OpenClaw AI tools making deployments easier
> Dev teams shipping what they've been working on
This is the normal mix you see with new platforms gaining traction.
The $5.9M in token volume is early days. Every big L2 started at zero and grew over time. What matters is whether it keeps growing week by week.
Testing showed 35-50K TPS sustained with real apps running live on the network. Good solid numbers when you compare to others in the space. Solana averages 1-3K TPS in sustained real use (peaks higher, 65K theoretical max). Aptos claims 160K+ theoretical capacity.
The real edge is speed: sub-10ms blocks vs 100-500ms on most L2s. That's 10-50x faster. This is what they call a "real-time blockchain" - bringing instant-feel experiences to Ethereum.
What needs this speed:
> Games where instant response matters
> Fast trading where milliseconds decide outcomes (Proximity Markets enable ultra-low latency)
> AI tools needing fresh data without waiting
New categories with room to grow as tech enables instant experiences.
What to watch:
> Daily activity finding steady levels post-launch
> Users sticking around past hype
> Activity spread across apps
> Token volume growing with users
If it holds 10-20% of peak and builds from there, that shows healthy growth beyond launch spike.
The tech proved it can handle big loads. Now it's about what gets built: apps using the speed advantage for things you can't do on slower chains.
The speed advantage is real and fully proven under load. Whether devs build great apps around it decides how big this platform ultimately gets in the long run.
Early signs show devs interested and tech working well together. Next phase is all about execution: teams shipping apps people want to use daily.
What would you actually build today with sub-10ms speed that you absolutely can't build elsewhere?
cc: @bread_ @hotpot_dao