Oryon
Portfolio indexActive · Seed · 2024
ActiveCrypto infrastructure

MegaEth

CategoryL2 · Infra
HeadquartersSingapore
FoundersYilong Li, Shuyao Kong, Lei Yang
— Overview

MegaEth is a real-time Ethereum L2 targeting sub-10ms confirmation and 100,000+ TPS throughput on production hardware. The team's core technical bet is that latency, not cost, is the last remaining unlock for on-chain consumer applications like games, order-book DEXs, and social feeds.

The devnet has demonstrated 8ms end-to-end latency — indistinguishable from Web2 request-response cycles — while remaining fully EVM-equivalent. The founding team combines database systems research from MIT and Stanford with early Ethereum client engineering.

The public testnet launches in Q2 2026 and the mainnet roadmap targets a consumer application launch cohort of 40+ apps built explicitly for the low-latency environment.

— By the numbers
100K+
TPS (devnet)
8ms
Latency
Optimistic
Rollup type
2023
Founded
— Investment
Round
Seed 2024
Our role
Participant
Check size
$3M
Co-investors
Dragonfly · Robot Ventures · Figment Capital
— Our thesis

Real-time Ethereum L2 targeting sub-10ms confirmation. We backed the seed on the conviction that latency is the last remaining unlock for consumer crypto.

— Team
YL

Yilong Li

CEO & Co-Founder
LY

Lei Yang

CTO & Co-Founder
SK

Shuyao Kong

COO & Co-Founder
NM

Namik Muduroglu

Head of Growth
— Timeline
  1. 2023Founded in Singapore
  2. Q3 2024Oryon seed round
  3. Q1 2025Devnet with 100K TPS
  4. Q2 2026Public testnet
— Latest update

Devnet live with 100K+ TPS demonstrated. Public testnet Q2 2026.

— In the press

MegaEth is chasing the last frontier for L2 UX: making crypto feel like the web.

Blockworks, Feb 2026