Old English mid-weg "the middle of a way or distance;" see mid (adj.) + way (n.). Meaning "central avenue of a fairground" is first recorded 1893, American English, in reference to the Midway Plaisance of the Worlds Columbian Exposition held that year in Chicago. The Pacific island group is so called for being midway between America and Asia. The great naval battle there was fought June 4-7, 1942. As an adverb from late Old English.
midst
midstream
midsummer
midterm
midtown
midway
Midwest
midwife
midwifery
midwinter
mien