MegaETH Daily Digest — May 26, 2026

At a Glance

• Network→: TPS averaged 28.3, flat vs May 25 (28.3)
• Volume↓: 2.44M transactions, slightly down from May 25 (2.45M)
• Users↓: 4.0K unique wallets, down from May 25 (4.2K)
• Top app: World Markets led with 202K txs on 65 unique callers (highly concentrated flow)
• Health: normal (network fail rate 0.3%)
• Signal: brief, outsized bursts — 52.0 TPS peak at 15:31 UTC and 230.1 Mgas/s peak at 23:58 UTC, with Offshore Protocol flagged as the top gas contributor in the late spike

MegaETH activity stayed steady on May 26: similar throughput to May 25, slightly fewer transactions, and a small dip in distinct senders. In current market conditions, the tone of usage continues to look “automation-heavy” rather than broad-based user expansion.

The Week So Far

Over the last two weeks, throughput has settled into a lower range compared to mid-month highs: this week is averaging 28.6 TPS versus 30.9 TPS last week (-7.5%), with May 15 still the busiest day in the 14-day window (33.4 avg / 39.6 peak TPS). The weekend dip remains consistent — and was deeper this weekend (27.5 TPS avg) than the prior one (30.3).

On the “real usage” proxy, unique wallets have been drifting down through late May: 6–8K/day around May 14–18 has given way to ~4K/day on May 25–26 (4.2K → 4.0K). Total daily transactions show the same cooling pattern (2.75M–2.88M on May 14–15 down to ~2.44M–2.45M on May 25–26). Network-level failures remain well-contained around 0.2–0.3% most days, including May 26 at 0.3%.

The Day

May 26 was mostly flat with two notable “micro-bursts.” The day ran ~27–29 TPS for long stretches, then ramped in early afternoon UTC: 29.9 TPS at 13:00, 31.5 TPS at 14:00, before sliding back to the high-20s into the evening. The highest TPS and gas moments were short-lived (minute-scale) rather than hour-long step changes.

World Markets dominated transaction volume by a wide margin. World Markets posted 202K txs and 81,205 Mgas with just 65 unique callers — the kind of footprint that often points to tight automation loops rather than broad distribution. If you want to inspect what’s driving the flow, the World Markets - Exchange contract (0x5e3ae52eba0f9740364bd5dd39738e1336086a8b) is the natural place to start. The network’s top TPS spike (52.0 TPS at 15:31 UTC) also flagged World Markets as the top contributor in that burst window.

Euphoria looked like the day’s broadest touchpoint by callers. Euphoria delivered 20.6K txs but with 1,000 unique callers, a very different profile from World Markets. It also saw a localized activity spike (2,647 tx/h around 09:00 UTC). For contract-level digging, the Euphoria - MegaUSDTokenProxy (0x12759afca690637b425ffba3265f0dc2f6242a8d) is indexed and easy to track.

Offshore Protocol was the key name in the late-day gas anomaly. Offshore Protocol logged 9.5K txs / 4,960 Mgas (550 unique callers) and was tagged as the top contributor during the day’s largest gas-per-second spike (230.1 Mgas/s at 23:58 UTC), with 12.4 Mgas attributed in that window. It also hit 1,503 tx/h around 22:00 UTC. If you’re investigating execution patterns, the Offshore Protocol - BatchResolver (0x6e43f31b2c160a3672c681114696667ef219d4c3) is a good starting point.

Beyond the top three, activity was steady and fragmented:

• Kumbaya (3.1K txs, 316 callers) remained one of the more “human-shaped” distributions.
• gTrade | Gains Network was small by tx count (1.5K) but heavier on gas (2,211 Mgas), consistent with more complex operations.
• Showdown showed 1.0K txs from 1 unique caller — a pattern that’s usually automation-driven, especially relevant given it’s listed among the currently qualified “Live Mafia Apps” in the Road to TGE.

A couple of unaffiliated contracts also stood out for raw spikes: 0x517d695547270b9ee2f3cbb2d7e17efd5dd40eb3 hit 2,562 tx/h around 03:00 UTC, and 0x619814a203ca441611cee02abf31986ca265dd35 jumped to 819 txs over 24h. Another smaller spike appeared on 0xa95cd70475a182055f7a16bcb314e48643d08e37 (511 tx/h around 00:00 UTC).

Health Check

At the network level, May 26 looked clean: 0.3% failed transactions (6.9K of 2.44M), consistent with recent days and not suggestive of systemic issues.

One contract-level pocket saw elevated failures (10.7% around 10:00 UTC on a stablecoin-related contract, 11 of 103 failed in that window). Spikes like this are often explained by bots competing, guardrails that intentionally reject excess attempts, or timing-related conditions — and the absence of a network-wide failure move suggests any impact was localized.

The Takeaway

May 26 was a steady, slightly softer day: throughput held at 28.3 TPS, while transactions and unique wallets drifted down to 2.44M and 4.0K. The main story wasn’t sustained demand — it was brief, sharp bursts led by World Markets (TPS spike) and Offshore Protocol (gas spike).

On the community watchlist, the Road to TGE progress remains anchored on app readiness (6/10 Live Mafia Apps) rather than fee generation or USDM milestones; May 26’s activity reinforces that the chain is seeing plenty of automated throughput, but not yet a broad pickup in daily unique wallets.