Subscribe to Unchained Daily: https://unchainedcrypto.com/newsletters/

Check out our sponsor Mantle!

Most new blockchains promise to scale. MegaETH promises to feel instant.

Fresh off its public sale, for which allocations were revealed on Thursday, the team behind MegaETH joins Unchained to explain why they’re calling it the world’s first real-time blockchain.

Co-founder Shuyao Kong and ecosystem lead Amir Almaimani walk through their decision to build as a layer 2 on Ethereum, not a competing layer 1, and why they think the real opportunity is creating onchain experiences that feel like Web2 apps.

The pair also dive deep into the tokenomics behind $MEGA, from sequencer rotation to proximity markets, and defend their choice to skip an airdrop in favor of “skin-in-the-game” token distribution.

Guests:

Shuyao Kong, Co-founder of MegaETH
Amir Almaimani, Head of Ecosystem at MegaETH

Links:

Unchained: Why Protocol-Native Stablecoins May Be Crypto’s Next Big Thing
MegaETH Public Allocation Strategy by MegaETH’s CSO Namik Murodoglu

Timestamps:

🚀 0:00 Introduction
🧱 1:47 Why MegaETH chose to build as an Ethereum layer 2, not a new layer 1
⚡ 5:10 How it plans to stand out from Arbitrum, Base, and other successful L2s
🔓 9:53 Why Shuyao says many L2s are actually more decentralized than L1s
🧩 11:16 Whether MegaETH plans to decentralize its sequencer
💰 13:43 The utility of the $MEGA token—and how Tesla and Ethereum inspired it
📍 16:58 How “proximity markets” work
⛽ 18:09 How MegaETH designed its gas model and tokenomics
🎯 21:28 The philosophy behind the public sales
😬 25:13 Why Shuyao says the soulbound NFT sale didn’t go as planned
📊 27:29 How MegaETH decided allocations in its latest sale
🙅‍♂️ 30:39 Why the team rejected the airdrop model entirely
🤝 32:00 How early community members earned 25% of the sale allocation
🕵️‍♀️ 34:46 How MegaETH scored onchain users and detected Sybil clusters
💳 39:36 Why MegaETH has its own native stablecoin, USDm
👷 41:34 How the project hopes to attract the best builders
🔥 46:00 The kinds of apps that are “only possible” on MegaETH
🎯 50:35 What’s next for MegaETH

Learn more about your ad choices. Visit megaphone.fm/adchoices

Putin Ramping Up All His Forces: What is Russia's Nuclear Doctrine? w/Col Jacques Baud