MegaETH Daily Digest — May 05, 2026

At a Glance

• Network↓: 28.6 TPS average, down -1.3% from Monday (29.0)
• Volume↓: 2.46M transactions, down from 2.50M
• Users↓: 7.0K unique wallets, down from 7.6K
• Top app: Kumbaya led with 16.1K txs and 1,237 callers, but also saw an extreme failed-tx burst
• Health: normal
• Signal: a brief performance burst hit 121.0 TPS around 16:00 UTC, alongside an outsized gas-per-second spike dominated by 0xc93c4ad185ca48d66fefe80f906a67ef859fc47d

May 05 was a “back to baseline” day for MegaETH: steady throughput and typical daily volume after last week’s high-water marks. Under the surface, though, a few tightly-timed bursts (and a lot of automation) drove the day’s most notable anomalies.

The Week So Far

Over the last 7 days, average throughput has been 33.0 TPS, up from 26.9 TPS in the prior 7-day window (+22.7%). That higher baseline still traces back to the late-April / early-May surge—especially Apr 30 through May 02—rather than a clean, linear climb.

Transaction volume has largely normalized since the peak day on May 02 (4.01M TX). Since then, daily totals have settled back into the mid–2M range (2.44M on May 03, 2.50M on May 04, 2.46M on May 05). Unique wallets show the same story: after the exceptional spike to 39.7K on Apr 30 (and 19.0K on May 01), the network has cooled to the 7–8K range (7.4K → 7.6K → 7.0K).

Weekend behavior is the standout pattern shift: this weekend averaged 37.5 TPS versus 25.9 TPS last weekend (+44.6%). The “weekends are quiet” rule isn’t holding the way it did in late April.

One structural backdrop worth noting: MegaETH TVL is $725.4M, up from $199.8M seven days ago (+263.0%), and stablecoins total $716.1M. Despite more liquidity on the chain, May 05 usage looked measured—consistent with cautious broader market conditions.

The Day

May 05 was flat-to-slightly-rising through most of the morning (mostly 27–28 TPS), then ramped in the early afternoon: 29.5 TPS at 13:00 UTC, 30.7 at 14:00, and a local high of 31.7 at 16:00 before easing back into the high-20s.

The most important nuance: while hourly averages stayed in the low-30s, the network still registered a short-lived microburst to 121.0 TPS around 16:00 UTC. The top contributor in that window was TopStrike, which also posted 1.8K transactions over the full 24h and rose +105% vs its previous 24h window.

On the DeFi/DEX side, Kumbaya dominated by transaction count (16.1K) and accounted for a major single-hour spike: 8,678 tx/h around 15:00 UTC. That burst coincided with an extreme failure episode (details in Health Check), which is often consistent with competitive routing, bots, or deliberately-reverting mechanics rather than “normal” user flow. Prism held a solid second tier by participation (4.3K txs, 466 callers), while GMX stood out for computation: 1.1K txs consumed 5,597 Mgas—more gas than Kumbaya on far fewer transactions.

Pump-style activity also picked up meaningfully. Pump Party ran 5.3K txs with just 93 unique callers and was up +628% vs the prior 24h window, including a 939 tx/h spike around 12:00 UTC—another “few callers, lots of transactions” signature that commonly reflects automation.

Two contract-level threads drove outsized instrumentation alerts:

• 0xc93c4ad185ca48d66fefe80f906a67ef859fc47d generated an extreme gas-per-second peak (3,297 Mgas/s) around 15:26 UTC, contributing 3,294.2 Mgas in that burst. See the contract directly: https://miniblocks.io/contracts/0xc93c4ad185ca48d66fefe80f906a67ef859fc47d
• New contract 0x07e04e47ca503eb97665d10a2a8e76c2681a02ad has already processed 14,872 transactions from 4 callers (still active), strongly suggesting automated flows: https://miniblocks.io/contracts/0x07e04e47ca503eb97665d10a2a8e76c2681a02ad

Finally, stablecoin rails were busy enough to register: MegaETH - USDm hit 1,140 tx/h around 16:00 UTC. Track it here: https://miniblocks.io/contracts/0xfafddbb3fc7688494971a79cc65dca3ef82079e7

Health Check

Network-wide reliability on May 05 was fine: 0.7% failed transactions (17.4K failed out of 2.46M), up from 0.5% on May 04 but still in a normal band for the chain’s recent baseline.

The day’s real health story was localized failure bursts:

• Kumbaya saw a major failure spike around 15:00 UTC: 8,398 of 8,678 transactions failed (96.8%). This kind of pattern often aligns with bot competition, routing contention, or intentional revert-driven mechanics during high-demand moments—not necessarily user-facing downtime.
• A new contract, 0xd9d5ad758f0a994ec878fd53330092ba3c355f98, processed ~2.0K transactions and reported 100% failures while still active—highly suggestive of automated probing or deliberately reverting logic: https://miniblocks.io/contracts/0xd9d5ad758f0a994ec878fd53330092ba3c355f98
• MegaETH - USDm logged a smaller but notable failure spike (6.7% around 07:00 UTC).
• GamingBattleManager registered 11.3% failures around 20:00 UTC (on 115 txs), elevated relative to its baseline.

The Takeaway

May 05 was a steady, mid-range day—28.6 TPS on 2.46M transactions—with user activity cooling slightly to 7.0K wallets after Monday. The notable signals were “bursty”: a brief jump to 121.0 TPS, an extreme gas-per-second moment dominated by 0xc93c4ad185ca48d66fefe80f906a67ef859fc47d, and highly concentrated/automated activity (including a new 14.9K-tx contract).

On the community scoreboard, TGE progress remains about demonstrated app maturity rather than fees or USDm supply right now: the Road to TGE still shows 6/10 Live Mafia apps, with Kumbaya and Showdown among the qualified list, while the USDm and fee-based criteria remain unmet. Reference: https://www.megaeth.com/token