Ethereum Layer 2 project MegaETH has successfully completed its token sale, raising $450 million, significantly surpassing its initial target by ninefold. The sale concluded within hours of its launch, highlighting strong investor interest in the project. MegaETH aims to improve Ethereum's scalability and efficiency by processing transactions off-chain, which is expected to reduce fees and alleviate network congestion. The project's MEGA token is anticipated to become tradable in January 2026, marking a significant milestone in its development timeline.