MegaETH Daily Digest — March 25, 2026

At a Glance

• Network→: TPS averaged 23.8, essentially flat vs March 24 (-0.4%)
• Volume↓: 2.05M total transactions, slightly lower than March 24 (2.06M)
• Users→: 3.2K unique wallets, unchanged for the second day in a row
• Top app: Kumbaya led by both transactions (6.5K) and gas (1,919 Mgas) with 1,441 unique callers
• Health: 0% failure rate (631 failed txs) — clean
• Signal: short, sharp performance spikes were driven by World Markets - Exchange, while contract 0x328c38cb445cde29ab50c178186439e080ca0813 jumped to 6,345 txs (+513%)

MegaETH stayed in its “settled” regime on Wednesday: low-20s TPS, ~2.0M daily transactions, and a narrow set of apps generating most of the visible activity. Broader market conditions remain risk-off, and on-chain behavior matched that tone—steady usage, limited exploration, and bursts that looked more automated than organic.

The Week So Far

This week has been slightly quieter than last: the rolling cadence is 24.3 TPS on average vs 26.9 TPS last week (-9.7%), with the last 7 days broadly stable (-3.2%). The usual weekend dip showed up again (23.0 TPS this weekend vs 23.5 last weekend), but the bigger story is how consistently the network has held the low-to-mid 20s since March 20.

On the “real activity” side (daily totals), MegaETH is sitting near ~2.0M transactions per day this week (2.16M on March 23 → 2.06M on March 24 → 2.05M on March 25). Unique wallets are the softer spot: after earlier bursts (e.g., 73.7K on March 8 and 10.2K on March 19), the last two days have held at 3.2K, suggesting current usage is concentrated in fewer, more repeat-heavy actors.

Failure rates have also normalized sharply. After a few mild bumps earlier in the month (2.1% on March 17; 1.3% on March 23), March 25 posted 0% at the network level.

The Day

Wednesday’s hourly rhythm was almost flat: TPS hovered in a tight 22.8–24.8 band, with a small lift from 12:00–15:00 UTC (24.5–24.8 TPS) and a gentle fade into the late UTC evening (down to 22.8 TPS at 21:00). Average gas followed the same shape, topping out around 7.5 Mgas/s in the early afternoon.

Under that calm surface, two “spike” signatures stood out in the automated insights:

• A brief network TPS spike to 47.0 TPS at 16:25 UTC (top contributor: World Markets - Exchange, 353 txs in the window).
• A burst in gas to 235.5 Mgas/s at 13:52 UTC (again led by World Markets - Exchange, 44.5 Mgas in the window).

These spikes didn’t move the day’s average (still 23.8 TPS), which is consistent with short-lived, contract-specific activity rather than broad demand. If you want to dig, the quickest starting point is the Insights feed and the contract page itself.

App-level flow was led by two familiar “many-caller” venues:

• Kumbaya: 6.5K txs, 1,919 Mgas, 1,441 unique callers.
• Avon: 4.4K txs, 1,480 Mgas, 1,384 unique callers.

That caller distribution is important: these are the only two in the top set with four-digit unique callers, implying relatively broad participation compared to the rest of the leaderboard.

A different pattern showed up in high-tx / low-caller apps:

• Ferdy.bet: 4.2K txs from 140 unique callers (repeat-heavy usage).
• Crossy Fluffle: 4.1K txs from just 12 unique callers, plus an hourly spike of 3,055 tx/h around 01:00 UTC. If you’re investigating mechanics vs automation, check the dedicated contract 0xa30a04b433999d1b20e528429ca31749c7a59098.

Two smaller growth flags worth noting (not big in absolute terms, but directionally clear):

• Intraverse reached 367 txs (+162% vs prior 24h) on 12 unique callers.
• Smasher hit 116 txs (+104% vs prior 24h) with 18 unique callers.

Finally, the cleanest “something changed” signal on raw volume was contract 0x328c38cb445cde29ab50c178186439e080ca0813: 6,345 txs in the last 24h, up from 580 (+513%). That kind of move often points to a new workflow, a bot strategy turning on, or a previously quiet integration becoming active.

Health Check

Network-wide execution looked exceptionally stable on March 25: 631 failed transactions out of 2.05M total (reported as 0%). That’s consistent with a low-congestion day where most submitted transactions were valid and not fighting for the same state transitions.

The only “watch item” is the contrast between the smooth daily averages and the isolated, contract-driven performance spikes (TPS to 47.0; gas to 235.5 Mgas/s). Those bursts were brief and didn’t propagate into sustained congestion, so nothing here looks alarming—but they’re useful breadcrumbs when you’re correlating activity to specific contract behavior in the contracts explorer.

The Takeaway

March 25 was a controlled, low-variance day: 23.8 TPS, 2.05M transactions, and 3.2K wallets, with activity concentrated in Kumbaya and Avon while a few low-caller apps and individual contracts drove the most “spiky” moments. The main follow-ups are the bursty windows on World Markets - Exchange and the sudden jump on 0x328c38cb445cde29ab50c178186439e080ca0813.

On the Road to TGE, there wasn’t a milestone change: “Live Mafia Apps” remains 5/10, and the daily-fees criterion still has 0 apps above $50K today (total fees across all apps: $29K). Kumbaya’s on-chain lead (6.5K txs) translated to $5K in fees—still well below the per-app threshold. Full status: https://www.megaeth.com/token.