MegaETH, an Ethereum Layer 2 project, is gearing up for a public token sale on the Sonar platform. The project has gained attention for its 'real-time blockchain' technology and community-driven ecosystem. It previously raised $20 million in a seed round led by Dragonfly in June 2024 and an additional $10 million on Cobie's Echo platform in December 2024. In February 2025, MegaETH launched a non-transferable SBT NFT series, 'The Fluffle,' raising 4,964 ETH, equivalent to $13.3 million at the time. Analysts on Polymarket predict an 86% chance of MegaETH achieving a $20 billion fully diluted valuation (FDV) following its token launch. Despite these optimistic forecasts, MegaETH faces competition from established Layer 2 solutions like Arbitrum and Optimism, which could pose challenges to its market positioning.