MegaETH Daily Digest — May 02, 2026
At a Glance
- Network↑: 47.4 TPS average on Saturday (vs 36.2 on May 01), with an outsized intraday burst well above the hourly peak of 220.8 TPS.
- Volume↑: 4.01M total transactions (vs 3.12M on May 01).
- Users↓: 10.4K unique wallets (down from 19.0K).
- Top app: Kumbaya led the 24h leaderboard (9.5K txs, 11,300 Mgas); Prism also saw a sharp “DEXAggregator” jump to 33,594 txs (per insights).
- Health: Elevated — 4.3% network failure rate.
- Signal: 99.7% failure burst on 0xc3c0a60ac1d63ce359711a52ce033d94ac4c1092 coincided with the day’s throughput spike, consistent with automated contention or gating behavior.
On Saturday, May 02, MegaETH put in its busiest day of the last two weeks, continuing the sharp step-up that started on Apr 30. The headline is not “steady higher load,” but a short, extreme burst that lifted the daily averages while the rest of the day sat near the ~30 TPS baseline.
The Week So Far
MegaETH’s activity has been trending up meaningfully: this week is averaging 32.3 TPS versus 27.1 TPS last week (+19.2%), and the last 7 days are up +37.5% overall. The “weekend dip” is also fading—this weekend is running 33.1 TPS on average versus 25.6 TPS last weekend (+29.2%), a notable shift in when load shows up.
From the network totals, the ramp is just as clear: daily volume climbed from the ~2.2M–2.4M range in late April to 2.98M on Apr 30, 3.12M on May 01, and 4.01M on May 02. Unique wallets were the real outlier earlier in the week (39.7K on Apr 30, then 19.0K on May 01), before settling back to 10.4K on Saturday—still higher than most of mid-April, but suggesting a larger share of activity is coming from fewer, more active actors.
DeFi context helps explain some of the sustained interest: TVL moved from $99.1M seven days earlier to $696.3M by May 02 (+601.4% week-over-week). In cautious broader market conditions, that kind of capital migration tends to show up as DEX routing, token movements, and automation rather than broad-based retail exploration.
The Day
Saturday’s rhythm was “normal… then not.” From 00:00–08:00 UTC the network mostly hovered around 28–38 TPS. The day’s defining moment arrived between 08:00–10:00 UTC: 64.0 TPS at 08:00 jumped to 220.8 TPS at 09:00 and stayed elevated at 196.7 TPS at 10:00, before snapping back to ~31 TPS by 11:00 and remaining flat near 28–31 TPS through 22:00 UTC.
The microburst was even sharper at higher resolution: network TPS briefly reached 777.0 TPS at 10:17 UTC and gas hit 352.4 Mgas/s at 10:08 UTC. Both spikes were dominated by a single contract, 0xc3c0a60ac1d63ce359711a52ce033d94ac4c1092, which logged 33,065 transactions in the relevant window and peaked at 568 TPS on its own. That’s the central “what happened?” for May 02.
On the application side, Kumbaya was the clear day-to-day leader on the 24h board (9.5K txs, 1,913 unique callers), staying in front on both transactions and gas. Prism placed second on the same leaderboard (2.4K txs, 673 unique callers), while a separate Prism “DEXAggregator” component showed a +331% surge to 33,594 transactions in the last 24 hours—worth watching for sustained routing/automation rather than a one-off spike.
DEX activity was gas-heavy where expected: GMX only posted 1.6K txs but consumed 7,807 Mgas. Conversely, several “high tx / low callers” entries looked automated: Showdown ran 1.5K txs from 1 unique caller, and Canonic recorded 1.3K txs from 4 callers.
A few contracts outside the app leaderboard also stood out:
- 0xea5df9b3872a80b05b878c09776a559bd8d4e6ac hit 4,404 tx/h around 14:00 UTC (35% above its P95).
- 0x0000000071727de22e5e9d8baf0edac6f37da032 ran 545 tx/h around 09:00 UTC (46% above P95).
- 0xc2255b0a04e09202f0492232446c82f033789394 (“It’s The Season - GrowthCard”) spiked to 1,123 tx/h around 09:00 UTC (24% above P95).
For more context on where volume concentrated, the Network Heatmap and the live Dashboard are the fastest “see it yourself” views.
Health Check
Network-wide reliability was notably noisier than MegaETH’s recent baseline. May 02 closed with 172K failed transactions out of 4.01M total (a 4.3% failure rate). That’s still not catastrophic at the network level, but it’s a clear step up from the ~0.1% days common in late April, and even above the 1.7% seen on Apr 30.
The failures were also highly concentrated:
- 0xc3c0a60ac1d63ce359711a52ce033d94ac4c1092 hit a 99.7% failure rate around 11:00 UTC (7,140 of 7,164 failed). Given it was also the main driver of the throughput burst, this reads like competition mechanics (bots racing) or intentional reverts rather than generalized chain instability.
- Kumbaya logged localized failure spikes (14.6% around 13:00 UTC; 5.2% around 04:00 UTC), consistent with brief periods of contention.
- “It’s The Season - GrowthCard” showed an 18.6% spike around 07:00 UTC.
- “World Markets - Exchange” had a 17.0% spike around 00:00 UTC.
Nothing in the hourly TPS suggests prolonged degradation: after the 08:00–10:00 UTC event, the network returned to its steady ~29–31 TPS flow.
The Takeaway
May 02 was the week’s most intense day, driven by a short, contract-centered burst that pushed averages up while the rest of the day stayed near baseline. The combination of extreme throughput and concentrated failures points to automated contention more than broad user demand—especially with unique wallets dropping to 10.4K.
From an ecosystem lens, the week’s TVL expansion provides a plausible backdrop for rising DEX and token-movement automation, even as broader market sentiment remains cautious. On the Road to TGE, activity in qualified apps like Kumbaya and Showdown is constructive, but the program’s other triggers still show no movement (fees and USDM criteria). Reference: https://www.megaeth.com/token.