MegaETH Daily Digest — May 21, 2026
At a Glance
- Network↑: 31.4 TPS average, up from 30.0 TPS on May 20 (+4.4%)
- Volume↑: 2.70M total transactions, up from 2.59M
- Users↑: 6.4K unique wallets, up from 5.9K
- Top app: World Markets led with 254K txs while staying narrow on callers (125)
- Health: normal (network fail rate 0.3%)
- Signal: a brief, outsized gas burst hit 257.5 Mgas/s late in the day, dominated by 0x4e59b44847b379578588920ca78fbf26c0b4956c
MegaETH continued to look steady this week: throughput is holding above last week’s baseline, and transaction volume has rebounded into the mid‑2M range even as broader market conditions remain cautious. May 21 (Thursday) was a “mostly flat, with sharp spikes” kind of day—routine flow punctuated by a midday TPS burst and a late, isolated gas event.
The Week So Far
The last two weeks have been defined by a step up in sustained throughput: this week is averaging 31.1 TPS versus 29.2 TPS last week (+6.4%). The weekend dip is still present, but it’s been less pronounced than the prior weekend (30.3 vs 28.3 TPS), keeping the floor higher even on quieter days.
On the transaction ledger, daily volume has stabilized in a tight band after mid‑month strength. Since May 14, network transactions have frequently printed above ~2.6M (e.g., 2.75M on May 14 and 2.88M on May 15), and May 21 landed at 2.70M—a clean move up from Wednesday’s 2.59M. Unique wallets have been steady-to-soft compared with earlier peaks in the 4-week view, but May 21 still improved to 6.4K from 5.9K on May 20—an encouraging sign that activity wasn’t purely throughput-driven.
Network reliability remains solid at the macro level: May 21 closed at 0.3% failed transactions (6.9K failed out of 2.70M). The notable issues were localized to a few contracts/DApps rather than a chain-wide degradation.
The Day
The hourly rhythm on May 21 was stable around ~29–32 TPS through most of the early day, then ramped into a clear midday push: 34.2 TPS at 13:00 UTC and 36.3 TPS at 14:00 UTC (with 14.2 Mgas/s), before drifting back toward ~30 TPS into the evening. Inside that midday window, the network also saw an extreme micro-peak of 123.0 TPS at 14:18 UTC, with the top contributor attributed to World Markets activity.
On the app leaderboard, the day’s transaction shape was dominated by a few distinct profiles:
- World Markets put up 254K txs on just 125 unique callers—classic “high-throughput, tight-caller-set” behavior. If you’re tracking the source of the midday TPS burst, start with the World Markets - Exchange contract.
- Euphoria remained one of the broadest-touch DeFi surfaces (64.9K txs, 964 unique callers) and logged an activity spike of 6,778 tx/h around 20:00 UTC. For contract-level digging in that ecosystem, the Euphoria - MegaUSDTokenProxy is a convenient anchor point.
- Offshore Protocol stood out for user breadth: 18.4K txs with 1,114 unique callers—one of the more “organic-looking” distributions on the board.
- DEX flow was active but split: Kumbaya (7.0K txs, 1,035 callers) and KyberSwap (1.9K txs, 51 callers) both contributed, while Prism posted a notably wide caller base (1.0K txs, 297 callers) for its size.
Below the DApp layer, several standalone contracts saw sharp 24h step-ups in volume—likely automation, integrations, or a one-off job:
- 0x5ff76e230be069360aa2a5f08ce5576f5f34fff7 jumped to 53,543 txs (+710% vs prior 24h).
- 0xb40864738ae17750d802eea82322873fe2d2046b climbed to 1,186 txs (+4521% vs prior 24h).
- A late, extreme gas spike (peaking at 257.5 Mgas/s at 22:00 UTC) was dominated by 0x4e59b44847b379578588920ca78fbf26c0b4956c. Notably, the hourly averages at 22:00 UTC didn’t look abnormal—this appears to have been brief but intense.
For a broader scan of what else moved, the DApps catalog and the Contracts explorer are the fastest way to pivot from “which app” to “which contract”.
Health Check
At the network level, May 21 stayed healthy: 0.3% failed transactions is well within normal operating range for the month’s recent baseline. The day’s health story is about localized failure clusters:
- Kumbaya saw a sharp failure spike to 30.3% around 04:00 UTC (44/145 failed), with an additional elevated reading of 13.1% around 05:00 UTC. Given the timing and the fact that Kumbaya also logged activity spikes later in the day, this pattern can be consistent with bots competing for fills or route/race conditions rather than a generalized outage.
- The MegaETH - USDm contract showed a smaller but statistically notable bump to 9.3% failures around 20:00 UTC (18/193 failed).
- 0x90606d82273c740949df01322b545d7435349595 spiked to 64.1% failures around 12:00 UTC (82/128 failed). With its baseline already elevated (per the alert context), this looks more like an occasionally-reverting contract (access checks, throttling, or competitive execution) than a sudden new chain-level issue.
The Takeaway
May 21 reinforced the week’s theme: MegaETH is running a bit hotter than last week, with rising transactions and a modest uptick in unique wallets, while most reliability signals remain clean. The main items worth watching are the isolated late-day gas burst tied to 0x4e59b44847b379578588920ca78fbf26c0b4956c and the short-window failure clusters around Kumbaya and the USDm contract.
On the Road to TGE, the “Live Mafia Apps” track remains at 6/10; May 21’s activity included multiple qualified apps—Cap Money, Kumbaya, Showdown, and BRIX—which is the right kind of sustained usage to keep that milestone moving as criteria tighten. Reference: https://www.megaeth.com/token