MegaETH Daily Digest — May 31, 2026

At a Glance

• Network↓: 27.7 TPS average (27.7 vs 28.2 on May 30, -1.7%)
• Volume↓: 2.40M total transactions (down from 2.44M)
• Users↓: 4.1K unique wallets (down from 4.4K)
• Top app: World Markets led with 126K txs, but only 51 unique callers (automation-heavy flow) — https://miniblocks.io/dapps/world-markets
• Health: 0.2% failed transactions (clean)
• Signal: despite calm averages, the day still saw short-lived performance spikes (57.0 TPS; 103.1 Mgas/s) concentrated in a few app windows

MegaETH stayed in its familiar weekend gear on Sunday: steady throughput, lower user counts, and a network-wide failure rate that remained comfortably muted. Broader market conditions still look cautious, and onchain behavior matched that—busy enough to matter, but not risk-on.

The Week So Far

Over the last two weeks, throughput has been remarkably stable, with a consistent weekend dip. May 31 landed at 27.7 avg TPS, roughly in line with the last seven days’ gentle drift, and the week-over-week comparison shows this week’s average (28.4 TPS) slightly below last week (29.4 TPS, -3.5%)—a small cooling rather than a regime change.

What has shifted more meaningfully is the user footprint. Unique wallets have generally stepped down from early-May levels (8K–9K days) into the mid-4K range this weekend (4.4K on May 30 and 4.1K on May 31). That pattern fits a “same machines, fewer humans” cadence: plenty of transactions, but increasingly concentrated in fewer active senders.

On reliability, the network-level failure rate has been consistently low (generally 0.2%–0.6% recently), with May 31 printing 0.2%. Nothing in the weekly arc suggests broad stress.

The Day

Sunday’s hourly rhythm was mostly flat in the 27–28 TPS band, with a mild lift mid-afternoon (29.2 TPS at 14:00 UTC) and another firmer patch late evening (28.8 TPS at 21:00–22:00 UTC). The more interesting story was micro-bursts: monitoring flagged a brief 57.0 TPS peak at 14:18 UTC and a 103.1 Mgas/s gas spike at 16:43 UTC—sharp but short-lived events that didn’t materially change the day’s averages.

Activity concentration remained clear at the app layer:

• World Markets dominated raw transaction flow with 126K txs and 42,011 Mgas, but just 51 unique callers, consistent with automated strategies rather than broad participation. If you want to dig deeper, the core contract to watch is World Markets – Exchange (0x5e3ae52eba0f9740364bd5dd39738e1336086a8b): https://miniblocks.io/contracts/0x5e3ae52eba0f9740364bd5dd39738e1336086a8b
  DApp page: https://miniblocks.io/dapps/world-markets

• Offshore Protocol was the next heaviest by both transactions (67.0K) and gas (35,301 Mgas), and it did so with 330 unique callers—more distributed than World Markets, though still relatively concentrated for its volume. https://miniblocks.io/dapps/offshore-protocol

• Euphoria stood out for breadth: 1,000 unique callers on 38.8K txs, and it was the top contributor in the flagged gas spike window (23.7 Mgas). The most relevant contract pointer in the provided set is Euphoria – MegaUSDTokenProxy (0x12759afca690637b425ffba3265f0dc2f6242a8d): https://miniblocks.io/contracts/0x12759afca690637b425ffba3265f0dc2f6242a8d
  DApp page: https://miniblocks.io/dapps/euphoria

• On the DEX side, Kumbaya (2.5K txs; 389 unique callers) and KyberSwap (844 txs; 44 unique callers) suggested steady, smaller-footprint weekend trading rather than a surge. https://miniblocks.io/dapps/kumbaya and https://miniblocks.io/dapps/kyberswap

Two contract-level quirks worth bookmarking for investigators:

• 0xcc65677a8d2a961d48a7c87556912894295cdddc jumped to 360 txs in the last 24h (from 1 previously): https://miniblocks.io/contracts/0xcc65677a8d2a961d48a7c87556912894295cdddc
• 0x5ff76e230be069360aa2a5f08ce5576f5f34fff7 hit 911 tx/h around 20:00 UTC (35% above its P95): https://miniblocks.io/contracts/0x5ff76e230be069360aa2a5f08ce5576f5f34fff7

For a broader view of where load is clustering, the Insights hub remains the fastest starting point: https://miniblocks.io/insights

Health Check

At the network level, May 31 was clean: 0.2% failed transactions (4.0K failed out of 2.40M). That’s in line with the recent low-failure baseline and doesn’t suggest systemic degradation.

Two localized failure signals did pop:

• Contract 0x7d35623de9afa0f0a791345b6fa4f9c7ac5ad1a0 spiked to 36.1% failures around 18:00 UTC (106/294 failed). Given the sharp deviation versus its baseline (11.0% ± 11.1%), this reads like contention, bot pressure, or deliberate rejection logic rather than a chain-wide issue. https://miniblocks.io/contracts/0x7d35623de9afa0f0a791345b6fa4f9c7ac5ad1a0
• “MegaETH - USDm” saw a smaller but notable relative spike to 5.0% failures around 02:00 UTC (8/160), from a very low typical baseline.

Net: isolated pockets of revert-heavy activity, with the broader network operating normally.

The Takeaway

May 31 was a typical, steady Sunday: modestly lower TPS, transactions, and unique wallets versus May 30, with reliability remaining strong. The day’s standout feature was the presence of brief, high-intensity bursts (57.0 TPS and 103.1 Mgas/s) driven by concentrated app windows—worth watching, but not alarming given the low network-wide failure rate.

On the community watchlist, the Road to TGE status appears unchanged in the key “Live Mafia Apps” count (6/10), and no apps cleared the daily fee threshold; if you’re tracking milestones alongside usage, keep an eye on whether concentrated, automation-heavy volume starts translating into sustained app-level fees: https://www.megaeth.com/token