The Pepeto cryptocurrency presale has raised more than $7 million toward a $10 million cap, offering tools to address Ethereum's layer 2 fragmentation issues. Based in Dubai, the project provides live demos of three mainnet-native products at a token price of $0.000000184. With 70% of the cap filled, Pepeto emphasizes working infrastructure over promises.
Ethereum's network has seen significant upgrades, including the Fusaka upgrade that reduced gas costs from $50 to $0.01. However, layer 2 networks like Arbitrum, Optimism, and Base now handle 12 times more transactions than the mainnet, leading to fragmentation where users and tokens are scattered across chains with limited communication.
Pepeto aims to resolve this without creating another layer 2 solution. Instead, it develops mainnet-native tools that connect existing ecosystems. The project features three live demos: PepetoSwap for cross-chain meme coin trades, Pepeto Bridge for routing tokens between networks, and Pepeto Exchange as a central hub for the meme economy. These tools operate on Ethereum's mainnet to leverage its security while improving user experience amid fragmentation.
Announced from Dubai on February 17, 2026, via GlobeNewswire, the presale has attracted over $7 million at $0.000000184 per $PEPETO token, with the cap 70% filled. Audits by SolidProof and Coinsult have been completed, and staking offers 214% APY with zero tax. For context, analysts predict Ethereum reaching $5,000 this year, with Citi targeting $5,440 and Standard Chartered forecasting $7,500, driven by stablecoin growth, ETF inflows, and tokenized assets.
Pepeto's approach contrasts with past projects like Shiba Inu, which gained value through hype without utility. Here, investors can test the demos directly, contributing to the rapid fundraising. A $2,000 investment would secure approximately 10.87 billion tokens before fees.
