MegaETH Daily Digest — May 22, 2026
At a Glance
- Network↓: 27.7 TPS on average (vs 31.2 on Thursday, -11.4%)
- Volume↓: 2.38M total transactions (vs 2.70M on Thursday)
- Users↓: 5.3K unique wallets (vs 6.4K on Thursday)
- Top app: World Markets led with 228K txs and 86,542 Mgas on a very concentrated caller set (104)
- Health: normal (0.3% failed transactions network-wide)
- Signal: short, sharp burst up to 96.0 TPS around 19:30 UTC, with World Markets the top contributor
May 22 was the quietest day of the last two weeks by average TPS, with both transactions and unique wallets stepping down from Thursday. Even so, the network still showed its typical “bursty” profile: a mostly steady baseline punctuated by a brief evening spike driven by a single heavy app.
Current market conditions stayed cautious, and DeFi liquidity (TVL) also softened—context that fits a lower-urgency activity day rather than anything structural on the chain.
The Week So Far
MegaETH has been broadly stable on throughput over the last week: this week’s average is 30.3 TPS versus 29.9 TPS last week (+1.2%), and the last 7 days are only slightly lower overall (-3.1%). The mid-month push (May 14–15) still stands out as the busiest stretch, while May 22 undercut the range as the quietest day (27.7 TPS) in the 14-day set.
On raw network usage, daily volume has mostly lived in the mid-2M range recently, with May 22 at 2.38M. Unique wallets have drifted lower from early-month spikes; May 22 logged 5.3K unique wallets, continuing a “fewer distinct senders, steady baseline load” pattern that tends to imply automation or repeat-use workflows.
Network-wide reliability remained steady: May 22 posted a 0.3% failure rate (7.9K failed out of 2.38M), in line with May 21’s 0.3% and well below the early-May outlier days that saw elevated failure percentages.
The Day
The hourly cadence on May 22 was mostly rangebound in the mid-to-high 20s TPS, with a modest midday lift (30.6 TPS at 13:00 UTC) and then an evening push (29.8 TPS at 19:00 UTC). Under the hood, the “smooth” hourly averages masked a very sharp micro-spike: network TPS hit 96.0 TPS at 19:30 UTC, and gas throughput peaked at 46.5 Mgas/s at 18:45 UTC—both attributed primarily to World Markets activity.
Application-wise, the day was extremely top-heavy:
- World Markets dominated with 228K txs and 86,542 Mgas, but only 104 unique callers—classic “few actors, lots of actions” behavior. If you want to inspect where that load lands, start with World Markets – Exchange at https://miniblocks.io/contracts/0x5e3ae52eba0f9740364bd5dd39738e1336086a8b.
- Euphoria was the main broad-based venue: 62.5K txs with 964 unique callers, plus an activity spike to 9,073 tx/h around 13:00 UTC (consistent with the midday network lift).
- Offshore Protocol put up 11.1K txs with 948 unique callers—strong reach for the volume, but it also flagged a meaningful drop versus its previous 24h baseline in the detected insights (likely just a cooler day rather than a break).
- Kumbaya recorded 4.9K txs and 671 unique callers—healthy participation for the size, but with localized failure-rate spikes (see Health Check).
- Ferdy.bet ended at 5.7K txs and 109 unique callers, including a small activity pop (518 tx/h around 08:00 UTC). Multiple detectors also highlighted a sharp step-down versus the prior 24h window—consistent with either reduced bot loops or fewer sessions rather than a network-wide slowdown. The coordination surface to watch is Ferdy.bet – FerdyVRFCoordinator at https://miniblocks.io/contracts/0xfe5211ba3dcda46d145a5d4b3c0c6a3cc15ae028.
Beyond the top few, activity was scattered: DEX and perps names like Prism, KyberSwap, and GMX contributed, but none were large enough to shape the network’s day-level totals the way World Markets did.
Health Check
At the network level, May 22 looked clean: 0.3% failed transactions is firmly in the recent “normal” band.
The interesting health signals were app-localized spikes—often consistent with contention, bots racing, or contracts deliberately rejecting excess attempts rather than general instability:
- Kumbaya saw a failure spike to 15.4% (25/162) around 18:00 UTC, plus 7.8% (8/103) around 04:00 UTC.
- World Markets hit 9.6% failures (718/7,484) around 07:00 UTC during elevated flow.
- MegaETH – USDm logged 9.7% failures (17/176) around 02:00 UTC.
Taken together: nothing here suggests systemic degradation—more like short windows of transaction competition and rejection mechanics concentrated in a few workflows.
The Takeaway
May 22 was a genuine cooldown: 27.7 TPS, 2.38M transactions, and 5.3K unique wallets, but with one notable feature—brief bursts (up to 96.0 TPS) still show how quickly a single high-throughput app can move the needle on a 10ms chain. With DeFi TVL down to $157.8M (a -6.3% daily move), the softer activity fits the broader risk-off tone.
On the Road to TGE, “Live Mafia Apps” remains at 6/10, and no apps cleared the daily-fee requirement (0/3) per https://www.megaeth.com/token. The practical signal from May 22 is that qualifying apps like Cap Money, Kumbaya, Showdown, and Brix are still present in the daily mix—but the ecosystem isn’t currently printing the sustained fee days that would move the fee-based criterion.