Unchained
Unchained
Laura Shin
MegaETH Just Had Its Public Sale. Can It Succeed in Building a Web2-Like Experience? - Ep. 942
1 hour 7 minutes Posted Nov 7, 2025 at 2:00 pm.
Introduction
Why MegaETH chose to build as an Ethereum layer 2, not a new layer 1
How it plans to stand out from Arbitrum, Base, and other successful L2s
Why Shuyao says many L2s are actually more decentralized than L1s
Whether MegaETH plans to decentralize its sequencer
The utility of the $MEGA token—and how Tesla and Ethereum inspired it
How “proximity markets” work
How MegaETH designed its gas model and tokenomics
The philosophy behind the public sales
Why Shuyao says the soulbound NFT sale didn’t go as planned
How MegaETH decided allocations in its latest sale
Why the team rejected the airdrop model entirely
How early community members earned 25% of the sale allocation
How MegaETH scored onchain users and detected Sybil clusters
Why MegaETH has its own native stablecoin, USDm
How the project hopes to attract the best builders
The kinds of apps that are “only possible” on MegaETH
What’s next for MegaETH
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Show notes
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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
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