MegaETH's Namik and Lei Yang discuss Ethereum's evolving Layer 2 scaling strategy in light of Vitalik Buterin's recent statements. They view MegaETH as positioned to explore scaling frontiers beyond Ethereum L1 capabilities, citing their mainnet stress test achieving 55,000 transactions per second while users played low-latency games. They address concerns about Ethereum's potential pivot away from L2s, emphasizing the importance of L1 scaling without sacrificing decentralization. MegaETH aims to provide exceptional features, such as ultra-low latency environments and enshrined oracles. The conversation also covers MegaETH's economic model centered around a native stablecoin (USDM) and proximity markets for MEV redistribution, plus the team's proactive approach to app development through the Mega Mafia incubator.
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