MegaETH Daily Digest — June 03, 2026

At a Glance

• Network→: 30.6 TPS average, flat vs June 02 (30.6)
• Volume→: 2.64M total transactions, flat vs June 02 (2.64M)
• Users↓: 3.3K unique wallets, sharply down from June 02 (8.3K)
• Top app: World Markets led with 363K txs but just 51 unique callers (highly concentrated flow)
• Health: 0.1% failure rate (clean)
• Signal: brief, outsized performance bursts (up to 86.0 TPS and 562.8 Mgas/s) were attributed primarily to World Markets activity

MegaETH stayed busy on June 03, holding the same average throughput as Tuesday, with overall transaction volume essentially unchanged. The notable shift was participation: unique wallets fell to a 4-week low even as activity remained elevated—suggesting more automated or highly concentrated usage during cautious broader market conditions.

The Week So Far

Across the last two weeks, the network has been steady, mostly oscillating in the high-20s to low-30s TPS range. This week is tracking slightly higher on average (29.2 TPS) than last week (28.4 TPS), and the weekend dip pattern remains intact (28.0 TPS this weekend vs 27.5 TPS last weekend).

From the transaction ledger view, daily volume has held a tight band around the mid-2M range (e.g., 2.51M on June 01 and 2.64M on both June 02 and June 03). The bigger story is user variability: wallets rose to 7.3K–8.3K early in the week (June 01–02), then dropped to 3.3K on June 03—an unusually sharp reversal given stable throughput.

DeFi positioning also softened meaningfully: MegaETH TVL fell to $129.3M (down -9.8% day-over-day and -18.3% vs 7 days ago). That backdrop tends to coincide with tighter risk appetite and more mechanized flows, which matches the concentration seen in the app mix on June 03.

The Day

June 03 had a clear intraday arc: strong late-Tuesday carryover (36.0 TPS at 23:00 UTC), a slow fade into late morning (down to 27.0 TPS at 11:00 UTC), then a steady afternoon/evening rebuild—topping out at 33.9 TPS around 16:00 UTC and holding ~32 TPS into late evening.

App activity was dominated by a single source. World Markets posted 363K transactions and 118,960 Mgas with only 51 unique callers, pointing to sustained automation rather than broad retail participation. If you want to inspect the core flow, the World Markets - Exchange contract (0x5e3ae52eba0f9740364bd5dd39738e1336086a8b) is the natural starting point.

Behind it, Euphoria remained a consistent secondary driver (78.9K txs, 1,000 unique callers), including a burst of 9,103 tx/h around 00:00 UTC. The onchain locus for that stack is the Euphoria - MegaUSDTokenProxy (0x12759afca690637b425ffba3265f0dc2f6242a8d).

Offshore Protocol was the other meaningful DeFi contributor (32.8K txs, 220 unique callers), while DEX activity was comparatively modest: Kumbaya at 3.0K txs and KyberSwap at 577 txs. That’s consistent with the day’s broader pattern: a lot of throughput, but fewer distinct participants and fewer “wide” venues lighting up simultaneously.

Two network-level spikes stood out as “microbursts” rather than an all-day step change:

• TPS peaked at 86.0 TPS at 20:55 UTC (24h view), with World Markets cited as the top contributor in that window.
• Gas peaked at 562.8 Mgas/s at 05:32 UTC (24h view), again with World Markets as the top contributor.

Separately, two core infra/stable flows ticked up around 21:00 UTC:

• MegaETH - USDm (0xfafddbb3fc7688494971a79cc65dca3ef82079e7) hit 480 tx/h (30% above its recent P95).
• Infinitism ERC-4337 EntryPoint v0.7 (0x0000000071727de22e5e9d8baf0edac6f37da032) reached 645 tx/h (33% above P95), suggesting a mild uptick in account abstraction-driven traffic.

Health Check

Failure rate was 0.1% (2.7K failed out of 2.64M), improving vs June 02’s 0.3% and well within “nothing alarming” territory.

The headline performance spikes (86.0 TPS and 562.8 Mgas/s) were extreme relative to the 24h baselines cited in the alerts, but they appear to be short-lived and concentrated in one dominant app flow. Given the very low network-wide failure rate, this reads more like bursty, automated execution than a stability event.

The Takeaway

June 03 was a throughput-steady day (30.6 TPS, 2.64M txs) with a participation shock: 3.3K unique wallets is a sharp drop that lines up with activity concentrating into World Markets’ low-caller, high-volume pattern. With TVL sliding materially this week, the mix leaning more “automated lanes” than broad user dispersion isn’t surprising—but it’s worth watching whether wallets rebound as the week progresses.

On the Road to TGE, the “Live Mafia Apps” counter remains at 6/10, and today’s activity in qualified apps was mixed (e.g., Kumbaya active, Brix minimal, Cap Money light). No apps cleared the daily fee threshold, and the USDM criterion remains at 0%—details at https://www.megaeth.com/token.