MegaETH Weekly Report — Week 9 (Feb 23 – Mar 1, 2026)

MegaETH closed Week 9 with slightly higher throughput and materially better execution quality. Weekly transactions rose to 18,420,830 (+1.4% WoW), while the network’s overall failure rate halved to 5.0% (down from 9.8%), a meaningful stabilization after last week’s error-heavy period. The tradeoff was breadth: average daily unique wallets slipped to 11,666 (-11.5% WoW), despite one sharp midweek spike. Net: steady demand, less “retail-shaped” participation, and a cleaner baseline for interpreting app-level shifts in the Dashboard and Insights.

Network Activity

The week’s rhythm was defined by a choppy start and a progressively cleaner back half. Monday opened with elevated friction (11.5% failed) on 2.73M transactions—high activity, but relatively noisy execution. Tuesday was the quietest day by volume at 2,513,770 transactions, yet it recorded the week’s largest wallet footprint at 20,227 unique wallets. That combination—lower total transactions but a much broader wallet distribution—suggests activity was more dispersed than the rest of the week, even as the network was still working through higher-than-normal failure rates (8.1%).

From Wednesday onward, the network settled into a consistent throughput band and noticeably improved reliability. Failures fell to 4.4% Wednesday, then bottomed at 2.2% on Thursday, with daily transactions holding in a tight range (2.61M–2.65M). Friday and Saturday maintained similar volume (2.59M and 2.57M), with failure rates staying around ~3%, indicating that the improved execution quality wasn’t a one-day artifact—it held across multiple days of comparable load.

Sunday capped the week with the busiest day by volume at 2,750,384 transactions, while keeping failures controlled at 2.6%. That “high volume + low failure” finish is the main network-level signal this week: load was not the limiting factor. In the Network Heatmap, this week reads less like capacity stress and more like isolated pockets of failing call patterns that gradually subsided.

On performance, daily average TPS stayed stable in a narrow 29–32 TPS band, with peaks generally ~37–40 TPS. Saturday stands out: it posted a 45.0 peak TPS but a notably low minimum TPS (14.7) and minimum gas rate (3.1 Mgas/s), consistent with a brief intra-day lull rather than an all-day slowdown—daily totals remained comparable to adjacent days.

DApp Leaderboard

App competition this week was less about a broad rotation and more about a few sharp moves at the top—and one outsized reliability outlier.

1. Crossy Fluffle (link) extended its lead, climbing to 159,201 weekly tx (+47% WoW). In a week where overall unique wallets fell, this kind of growth is notable: it implies either higher engagement from existing users or more intensive in-app loops rather than purely new-user expansion.

2. Kumbaya (link) remained the #2 DApp but slid to 64,343 tx (-22% WoW). Importantly, Kumbaya’s flagged failure rate was only 1.3% (839 failed), so the decline looks demand-driven rather than reliability-driven. Given the broader “cautious” market conditions this week, a pullback in DEX activity fits the macro tone even as chain-wide throughput remained steady.

3. Ferdy.bet (link) was the clearest momentum story, reaching 18,500 tx (+179% WoW). This is the biggest positive step-change among established leaderboard names and one of the few signs of risk-on behavior on-chain, even as participation (wallets) softened overall.

Below the podium, the gaming cohort was volatile. TopStrike (link) fell to 12,213 tx (-48% WoW) and, more critically, carried a 71.9% failure rate (8,787 failed). That level of unsuccessful execution is high enough to distort user experience and makes it difficult to interpret “demand” from raw transaction attempts. Smasher (link) dropped sharply (-79% WoW), while Showdown (link) (-8%) and Intraverse (link) (-23%) were more modestly down.

Smaller but structurally interesting moves:

• WarpX (link) jumped from 17 to 339 weekly tx (+1894% WoW). The base is still small, but it’s the kind of early inflection worth monitoring for follow-through rather than celebrating on week-one numbers alone.
• Prism (link) declined to 135 tx (-53% WoW), aligning with the softer DEX tone alongside Kumbaya’s dip.

Notable Contracts

Two unlabeled contract clusters dominated the reliability narrative more than any single registered DApp.

World Markets - Exchange (0x5e3ae52eba0f9740364bd5dd39738e1336086a8b) (link) drove extreme volume—4,507,099 transactions—and the majority of observable failures with 861,196 failed. That scale matters because it can single-handedly swing chain-wide failure rates: Week 9’s much-improved network reliability happened even while this contract still produced heavy revert volume, implying either (a) the failing behavior was less intense than last week, or (b) other failure sources faded meaningfully.

The second red-flag contract was 0xff46dcb2600f289f72f4a739a7b0459fa2332a7c (link): 17,498 transactions with 17,437 failed. A failure ratio that concentrated is typically indicative of a broken call path (misconfigured parameters, failing preconditions, or an integration repeatedly retrying). Even though the raw transaction count is smaller than the largest contracts, the near-total failure profile is operationally important because it can create “noise load” that’s not tied to real user success.

Other notable unlabeled activity (compact view):

• 0xd8c7079ac26d5e749bfe2c6c6f0e2617cc14dd7f — 30,062 tx; 512 failed (link) — high volume, low failure footprint.
• 0x026f252016a7c47cdef1f05a3fc9e20c92a49c37 — 25,619 tx; 42 failed (link) — clean execution.
• 0x0db11626cf23941f820524f9119f6f73ded92c75 — 18,545 tx; 231 failed (link) — moderate volume, modest reverts.
• 0xf90df05022d0220c51ab4f2f6a11caa6db77d38c — 15,047 tx; 5,024 failed (link) — elevated failure pocket.
• 0x0be268ebb2114c39ca817fff66503d4785ed019a — 13,952 tx; 102 failed (link) — stable.
• 0xea5df9b3872a80b05b878c09776a559bd8d4e6ac — 13,471 tx; 636 failed (link) — above-baseline reverts.
• 0x328c38cb445cde29ab50c178186439e080ca0813 — 13,436 tx; 93 failed (link) — stable.

For deeper drilldowns and to map these addresses against temporal spikes, the Contracts Explorer remains the fastest starting point.

Reliability & Health

Week 9 was a clear step forward on reliability. Total failed transactions dropped to 924,216 (-48.4% WoW), pulling the overall failure rate down to 5.0% from 9.8% last week. The improvement was not evenly distributed across the week: Monday’s 11.5% and Tuesday’s 8.1% were still elevated, but the network quickly normalized into a 2–3% band from Thursday through Sunday, even as daily transaction volume held steady.

The main caveat is concentration. A large portion of failures were clustered in a small set of sources rather than broadly spread across the ecosystem:

• World Markets - Exchange (0x5e3ae…6a8b) alone had 861,196 failed transactions, dominating the failure footprint.
• TopStrike (link) posted a 71.9% failure rate at the DApp level.
• Contract 0xff46…2a7c was effectively all failed calls (17,437 of 17,498).

Severity assessment: the network itself looked healthy in the back half of the week—throughput was stable, and failures fell under load—while specific contracts/apps exhibited problematic execution patterns that are likely addressable at the application/integration layer rather than indicating systemic chain instability.

Market & Ecosystem Context

Broader market conditions remained risk-off this week, which likely contributed to the -11.5% WoW decline in average daily unique wallets even as transaction throughput held flat-to-up. In that environment, it’s common to see activity skew toward repeat users and automated flows, which is consistent with steady transactions alongside a thinner wallet set.

DeFi liquidity was steady rather than expanding: MegaETH TVL was up about 1% over 7 days ($82.9M → $83.7M), not a large enough move to frame as a catalyst. The more actionable ecosystem context was TGE progress. The “Road to TGE” remains in mid-flight: Live Mafia Apps sits at 5/10 (including Kumbaya, Showdown, and Avon), while the fee-based path is still well short of the daily target (total fees shown at $26K vs $50K target). For details and milestone tracking, reference https://www.megaeth.com/token.

This week’s on-chain signals don’t yet show a broad, TGE-driven activity acceleration: Kumbaya declined WoW, Showdown was slightly down, and Avon dropped more meaningfully—suggesting the program’s existence is not (yet) translating into sustained week-over-week usage gains for those specific apps.

Week Ahead

Watch for whether unique wallet counts rebound from this week’s lower baseline, particularly after Tuesday’s one-day spike—if breadth remains weak while transactions hold, activity is likely becoming more concentrated. Reliability-wise, the priority is whether failure-heavy sources (World Markets - Exchange and the near-100% failing 0xff46…2a7c contract) continue to dominate the error budget. On the DApp side, Crossy Fluffle’s growth and Ferdy.bet’s step-up are the two momentum points to monitor for sustainability, while TopStrike’s failure rate remains the clearest “fix or fade” signal for the gaming cohort.