Updated

MegaETH Daily Digest — March 11, 2026

Daily Transactions — 4 Weeks2.0M2.5M3.0M3.5M4.0MFeb 11Feb 15Feb 19Feb 23Feb 27Mar 3Mar 7Mar 11
Daily Transactions — 4 Weeks
Unique Wallets — 4 Weeks020K40K60K80KFeb 11Feb 15Feb 19Feb 23Feb 27Mar 3Mar 7Mar 11
Unique Wallets — 4 Weeks

At a Glance


MegaETH is holding onto last week’s step-up in throughput: the chain is running meaningfully hotter than late February even with broader market sentiment staying risk-off. March 11 was slightly cooler than March 10 on average, but it delivered some of the sharpest single-moment bursts in the last two weeks.

TPS — Last 14 Days3035404550Feb 25Feb 27Mar 1Mar 3Mar 5Mar 7Mar 9Mar 11
TPS — Last 14 Days

The Week So Far

The last 7 days have been a different regime than the week before: this week’s average sits at 42.2 TPS versus 30.0 TPS last week (+40.4%), and even the weekend “baseline” shifted higher (45.4 TPS this weekend vs 30.8 TPS last weekend). In raw volume terms, the network has been printing multiple 3M–4M transaction days, highlighted by 4.06M on March 6 and 4.00M on March 10 (Dashboard).

User activity has been more uneven than throughput. Unique wallets ranged from 6.2K on March 10 up to 73.7K on March 8, and then rebounded to 9.2K on March 11. That pattern (huge spikes, then mean reversion) fits an ecosystem that’s seeing periodic bursts of automated or campaign-driven usage rather than a smooth climb in “everyday” transactors.

On reliability, the last week has been calm at the network level: after earlier late-February days with double-digit fail rates (and one 23.3% day on Feb 20), March 11 landed at 0.8% failed transactions—well within “nothing alarming” territory for the chain overall (Analytics).

The Day

March 11’s rhythm was quiet through early UTC hours (mostly mid‑20s TPS), then punctuated by a series of sharp ramps: 62.9 TPS at 06:00, a major lift at 10:00 (161.1 TPS), then another two-step push at 12:00 (90.0 TPS) and 13:00 (126.9 TPS). The rest of the day settled back into the mid‑20s to mid‑30s TPS range.

TPS — Today Hourly2040608010012014016000:0003:0006:0009:0012:0015:0018:0021:0022:00
TPS — Today Hourly

Under the hood, those spikes were unusually “contract-shaped.” Detectors flagged a microburst at 12:24 UTC where network TPS peaked at 7,626 TPS and gas hit 885.7 Mgas/s, with the top contributor being MBIRD. Separately, MBIRD also recorded an activity spike of 246,854 tx/h around 10:00 UTC. This is the kind of footprint you typically associate with automation-heavy flows (and it aligns with the day’s sawtooth cadence on the Network Heatmap).

In the app leaderboard, usage concentrated in a few familiar venues (DApps Catalog):

There were also multiple “flash activity” contracts that appeared, processed thousands of transactions, and then went quiet:

For deeper sleuthing beyond the app grouping, the fastest route is the Contracts Explorer and the Insights feed.

Top DApps — 24h TransactionsKumbaya15.4KTopStrike11.2KCrossy Fluffle4.5KFerdy.bet4.1KAvon3.8KMegaPunks2.0KCanonic1.5KIntraverse483
Top DApps — 24h Transactions

Health Check

Network-level reliability was solid on March 11: 0.8% failed transactions (29.9K failed out of 3.64M), improving from 2.2% on March 10.

The main “watch item” was localized rather than systemic: MBIRD recorded a contract-level failure spike of 9.9% around 14:00 UTC (4,001 failed out of 40,531 txs over the measured window). Given the same contract also drove the biggest throughput bursts, the simplest explanation is contention/automation (bots competing, rate limits, or state-race mechanics) rather than broad chain instability.

The Takeaway

March 11 looked like a steady high-throughput week with a spiky, automation-flavored day layered on top: average TPS eased to 43.0, but single-moment bursts (driven by MBIRD) were extreme, while overall network failure stayed clean at 0.8%.

On the Road to TGE, nothing materially moved: “Live Mafia Apps” remains 5/10, the $500M USDM track sits at 12%, and no app cleared the $50K/day fee bar (Kumbaya posted $14K; Prism $1K; total fees were $26K). If this week’s higher baseline persists, the most visible near-term lever is still sustained fee generation per app rather than one-off traffic spikes (megaeth.com/token).

Data sources: Analysis by MiniBlocks.io using on-chain MegaETH data. Market sentiment data from Alternative.me Crypto Fear & Greed Index. TVL and stablecoin data from DeFiLlama. TGE progress from megaeth.com.

Curious how this digest is made? Read about our AI-powered methodology.
This report is generated automatically by AI and may contain errors or inaccuracies. It is provided for informational purposes only and does not constitute financial, investment, or trading advice. MiniBlocks is an independent analytics platform and is not affiliated with, endorsed by, or promoting any project mentioned. Always verify data independently and do your own research.
About failure rates: This report covers raw network-level metrics. High failure rates for a contract or DApp do not necessarily indicate poor app quality. Common causes include bot activity (front-running, sniping), race conditions during launches and mints, intentional access gating, and rate-limiting mechanisms that deliberately reject excess transactions.
2026-03-10 2026-03-12