MegaETH Daily Digest — May 04, 2026

At a Glance

• Network↑: TPS averaged 29.0, up +2.7% from May 03 (28.3)
• Volume↑: 2.50M transactions, up from 2.44M
• Users↑: 7.6K unique wallets, slightly up from 7.4K
• Top app: Kumbaya led with 8.6K txs and 1,095 unique callers
• Health: normal
• Signal: two sharp micro-bursts — 286.3 Mgas/s tied to 0x7ab4c9d92fa9673704dd3b9eefa696a270d514e8 and a 70.0 TPS spike driven by World Markets - Exchange

May 04 landed as a “back to work” baseline after an unusually hot weekend: overall throughput was steady, but the chain still saw brief, intense bursts. Volume and unique wallets both ticked up, while failures continued to cool from the May 02 surge.

The Week So Far

MegaETH is running at a meaningfully higher activity level than it was two weeks ago: this week’s average throughput is 32.8 TPS versus 27.1 TPS last week (+21.2%), with the last 7 days up +17.1%. The standout shift is the weekend: May 02–03 averaged 37.5 TPS versus 25.9 TPS the prior weekend (+44.6%), suggesting “weekend lull” behavior is weakening.

On the network-wide fundamentals, transaction volume has held elevated since the late-April step-up: 2.98M TX on Apr 30, 3.12M on May 01, and a 4.01M peak on May 02. Unique wallets spiked hard on Apr 30 (39.7K) and normalized back into the mid–single-digit thousands; May 04 came in at 7.6K, slightly above May 03 (7.4K). Failure rate is no longer the headline after May 02’s 4.3%—May 04 printed a contained 0.5%.

DeFi capital is also clearly “on-chain” despite cautious broader market conditions: TVL sits at $724.3M, up +632.4% from $98.9M seven days ago, and stablecoin supply is $730.0M total ($499.7M minted, $230.3M bridged). That backdrop fits with continued DEX-led usage and the big jump in WETH activity (6,918 txs, +433% vs the prior 24h).

The Day

May 04 was mostly stable in the high-20s/low-30s TPS range, with a mild dip around 09:00 UTC (26.7 TPS) and a clear late-morning and afternoon lift (32.3 TPS at 10:00; 31–32 TPS from 14:00–16:00). The most notable moments were not visible in the hourly averages: network TPS briefly hit 70.0 TPS at 01:56 UTC, and gas per second peaked at 286.3 Mgas/s at 16:17 UTC.

On the application side, Kumbaya again led the visible DApp set by transaction count (8.6K txs) and by breadth (1,095 unique callers), consistent with it being a key day-to-day venue for routine flow. Prism increased activity (535 txs, +269% vs the previous 24h) and maintained a relatively wide caller base (541), while GMX stood out for gas intensity: 10,154 Mgas on 2.1K txs from 197 unique callers, suggesting heavier per-transaction execution even at modest user counts. Among the “automation-looking” entries, Showdown posted 1.7K txs from 1 unique caller—highly consistent with a single actor or bot loop rather than broad user play.

Contract-level, two items drove the day’s “spiky” character:

• The gas burst centered on 0x7ab4c9d92fa9673704dd3b9eefa696a270d514e8, which contributed 277.9 Mgas in the peak window.
• The TPS burst was attributed to World Markets - Exchange (791 tx in that spike window).

A smaller but notable “new arrival” signal: 0x07e04e47ca503eb97665d10a2a8e76c2681a02ad appeared ~11 hours prior and already ran 4,768 txs from just 4 callers (1,192 tx/caller), which reads as strongly automated and still active.

Finally, the core MegaETH token contract saw a meaningful hourly pop: MegaETH - MEGA hit 959 tx/h around 16:00 UTC (202% above its P95 of 317 tx/h), lining up with the broader afternoon activity bump.

Health Check

Network-wide reliability looked good on May 04: 0.5% failed transactions (12.8K of 2.50M), a clean comedown from May 03’s 1.1% and far from May 02’s 4.3%.

The main reliability “events” were localized and pattern-consistent with competition/automation rather than user-facing outages:

• Prism - DEXAggregator saw 69.9% failures around 02:00 UTC (387 of 554), above its 37.9% ±15.9% baseline (z=2.0). Given the timing near the TPS micro-spike, this looks compatible with aggressive routing/arb attempts that revert when quotes move.
• Kumbaya had a smaller spike to 7.9% failures around 05:00 UTC (33 of 419), above a 3.3% ±1.9% baseline (z=2.4).
• MegaETH - USDm logged a 5.1% failure spike around 00:00 UTC (13 of 255), above its 2.5% ±1.0% baseline (z=2.5).

The Takeaway

May 04 was a steady, slightly-up Monday (29.0 TPS, 2.50M txs, 7.6K wallets) with a couple of short-lived “machine-driven” bursts—one TPS-led via World Markets - Exchange, one gas-led via 0x7ab4c9d92fa9673704dd3b9eefa696a270d514e8. Nothing in the network-level failure rate suggests systemic stress.

On the “Road to TGE” front, the day’s activity continued to concentrate in already-qualified apps (notably Kumbaya and Showdown), but the scoreboard itself remains about adding more qualified “Live Mafia Apps” beyond the current 6/10 and proving sustained per-app fees (details: https://www.megaeth.com/token).