MegaETH, an Ethereum Layer 2 project, has commenced a global stress test aimed at processing all historical transactions within a week. The initiative allows users to engage with real-time applications at ultra-low fees, testing the network's capacity with a target transaction per second (TPS) range of 18,000 to 35,000. Currently, MegaETH has achieved a TPS of 16,034.02, with token transfer costs as low as $0.0002.