MegaETH Daily Digest — May 19, 2026

At a Glance

• Network↓: TPS averaged 30.6, down -3.9% from May 18 (31.8)
• Volume↓: 2.63M total transactions, down from May 18 (2.75M)
• Users↓: 5.9K unique wallets, down from May 18 (6.7K)
• Top app: World Markets led with 189K txs and 83,008 Mgas on just 86 unique callers
• Health: normal (network failed TX rate 0.3%)
• Signal: sharp micro-bursts—TPS hit 59.0 (13:36 UTC) and gas spiked to 541.8 Mgas/s (23:51 UTC), both led by World Markets

MegaETH cooled slightly on Tuesday, May 19 after Monday’s stronger tape, but it’s still operating in the higher-activity band the network has held since mid-month. Broader market conditions remain cautious, and onchain usage reflected that: fewer wallets, slightly less volume, but continued high-throughput activity from a small set of contracts.

The Week So Far

Over the last week, network throughput has been steady-to-firm: this week is averaging 31.0 TPS versus 29.0 TPS last week (+6.9%), with the busiest day in the last 14 days still being May 15 at 33.4 TPS (39.6 peak). The weekend dip pattern persisted, but even weekends are now printing higher than the prior weekend (30.3 vs 28.3 avg TPS).

On the “real usage” side, unique wallets have drifted down into the mid-single-thousands. After earlier spikes in late April/early May (including 39.7K unique wallets on Apr 30), May has mostly stabilized in a tighter range—May 19 came in at 5.9K, matching May 17 and below last week’s midweek highs (e.g., 8.6K on May 14).

Failure rates look settled at the network level: May 19 recorded 0.3% failed transactions (7.8K out of 2.63M), down from 0.9% on May 18 and well below the early-May turbulence (e.g., 4.3% on May 2).

The Day

Tuesday’s hourly rhythm was mostly flat around ~29–31 TPS, with a clear midday pop: activity climbed into the 32.7–33.8 TPS range between 13:00–14:00 UTC, then reverted back toward ~30 TPS through the evening. Notably, the day also included short-lived bursts beyond the hourly averages: a 59.0 TPS spike at 13:36 UTC and a late gas-per-second blowout to 541.8 Mgas/s at 23:51 UTC.

App flow was heavily skewed toward a small number of high-throughput venues:

• World Markets dominated with 189K txs and 83,008 Mgas, but only 86 unique callers—classic “few actors, lots of throughput” behavior consistent with automation/market-making loops. It also posted an internal activity spike of 18,161 tx/h around 14:00 UTC. For contract-level detail, see World Markets – Exchange (0x5e3ae52eba0f9740364bd5dd39738e1336086a8b).
• Euphoria was the opposite profile: 96.3K txs on 964 unique callers—more distributed usage with materially lower gas consumption (29,510 Mgas) than World Markets.
• Offshore Protocol and Kumbaya stood out on user breadth, at 1,142 and 1,082 unique callers respectively, even though their transaction counts were far lower than the top two.
• Ferdy.bet logged 30.8K txs (9,119 Mgas) with 490 unique callers, including a burst to 1,754 tx/h around 08:00 UTC—high activity that later coincided with a localized failure spike (details below).

On the long tail, DEX activity was mixed: Prism showed 1.4K txs with 426 unique callers, while GMX posted only 500 txs but consumed 2,419 Mgas (high gas/tx). Meanwhile, KyberSwap printed 247 txs and was flagged down -58% versus the prior period.

A couple of contract-level blips were also detected outside the DApp leaderboard narrative: GameItemManager (0x1b5ab7c503c2b1d94e7c42b212b4f944f7c77fce) hit 391 tx/h around 08:00 UTC, and 0x517d695547270b9ee2f3cbb2d7e17efd5dd40eb3 hit 7,229 tx/h around 07:00 UTC.

Health Check

Network-wide reliability was fine on May 19: 0.3% failed transactions (7.8K of 2.63M), a clean reset from Monday’s 0.9%. The notable issues were localized and time-bounded—more consistent with bots/races or access gating than systemic chain instability.

• Kumbaya saw a failure spike to 25.8% around 21:00 UTC (31/120 failed), far above its typical baseline.
• Ferdy.bet spiked to 10.4% failures around 16:00 UTC (20/192 failed), following a high-activity morning window.
• Several individual contracts showed elevated failures:
  • 0x517d695547270b9ee2f3cbb2d7e17efd5dd40eb3: 18.7% failures around 06:00 UTC (977/5,225)
  • 0xc73a3e5a887882d8e3d12dabdada470ac373718d: 71.2% failures around 05:00 UTC (183/257)
  • 0x90606d82273c740949df01322b545d7435349595: 54.0% failures around 05:00 UTC (95/176)

Given the simultaneous activity spikes, these read as “hot contract” episodes (competition, retries, or deliberate reverts) rather than a broad degradation. Still, they’re worth watching if the same addresses persist across days.

The Takeaway

May 19 was a modest step down from May 18 on every broad metric—30.6 TPS, 2.63M transactions, and 5.9K wallets—but it stayed within the stronger regime MegaETH has held since May 14. The day’s real story was concentrated throughput: World Markets drove the biggest bursts (up to 59.0 TPS and 541.8 Mgas/s) while user-distributed apps like Euphoria, Offshore Protocol, and Kumbaya supplied breadth without dominating gas.

On the Road to TGE, the “Live Mafia Apps” count remained at 6/10, and several of the listed qualified apps did show activity (e.g., Cap Money, Kumbaya, Showdown, BRIX), but there was no fee milestone progress reported for May 19. Reference: https://www.megaeth.com/token.