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Feb 13, 2026
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LONG
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Namik states, "Ethereum L1 does consensus best... that allows us to build a very opinionated performance first architecture because we were able to settle on Ethereum." He notes that Vitalik Buterin's recent roadmap validates their approach of L2s doing what L1s cannot (extreme scale). MegaETH is not competing to replace Ethereum; it is specializing in execution while paying rent to Ethereum for security. If MegaETH succeeds in capturing high-frequency trading and consumer apps (which currently flee to Solana), the value accrues back to ETH as the settlement layer, reinforcing the L1's dominance without bloating it. Long ETH as the ultimate beneficiary of specialized, high-performance L2s. MegaETH fails to gain traction, or users prefer monolithic chains like Solana for the integrated experience. |
Unchained (Chopping Block)
Why MegaETH Is Delaying Its Token Launch Afte...
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Feb 13, 2026
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AVOID
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When asked about the pre-market perpetuals trading on Hyperliquid (around 13 cents), Namik explicitly states, "We had nothing to do with any of the premarkets... it's relatively illiquid... speculators will speculate." The founding team is actively disregarding the price discovery happening on pre-market venues. They are structurally delaying the token to align it with *future* metrics ($500M TVL, etc.). Buying pre-market now is gambling on a valuation that the team itself is trying to actively manage and potentially reset via their KPI-based launch strategy. Avoid pre-market speculation; the price is disconnected from the team's internal milestones. The token launches significantly higher than current pre-market prices due to massive hype. |
Unchained (Chopping Block)
Why MegaETH Is Delaying Its Token Launch Afte...
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Feb 10, 2026
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LONG
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MegaETH is building a "performance first" L2 but chose to "offload consensus to whoever does consensus best," explicitly naming Ethereum L1 as that layer. They view Vitalik's recent roadmap pivot as validation of this split (L1 for security, L2 for speed). The emergence of "Consumer Chains" (MegaETH) that require 100k+ TPS does not compete with ETH; it entrenches ETH as the settlement layer. As these high-performance apps grow, they pay rent to ETH for security, driving value to the base asset while abstracting execution complexity. LONG. L2s becoming parasitic to L1 revenue if data availability costs drop too low (blobs). |
Unchained (Chopping Block)
Crypto’s Legal Lines, MegaETH Launched But De...
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Feb 10, 2026
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LONG
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MegaETH has established "partnerships with players like Chainlink where we're able to enshrine oracles and provide really really powerful data feeds." High-frequency/low-latency chains (10ms block times) require oracle updates at speeds traditional push-oracles struggle with. Enshrining Chainlink at the protocol level on a high-performance chain secures LINK's relevance in the next generation of "real-time" DeFi and consumer apps. LONG. Emergence of specialized low-latency oracle competitors. |
Unchained (Chopping Block)
Crypto’s Legal Lines, MegaETH Launched But De...
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