MegaETH Weekly Report — Week 14 (Mar 30 – Apr 5, 2026)

MegaETH activity continued to grind higher, with 15.26M total transactions (+4.5% WoW) and a clearer expansion in participation at 3.8K average daily unique wallets (+8.9% WoW). The week’s headline wasn’t throughput (which stayed in a tight band), but a midweek jump in failed transactions that pushed the network failure rate to 1% (from 0.6%), largely concentrated in one high-volume, non-registered contract. Despite cautious broader market conditions, on-chain usage held up, and TVL made a step-change early in the week that then stabilized.

Network Activity

The week opened with a steady baseline: Monday posted 2.17M transactions alongside the week’s peak wallet count at 4.3K, a combination that looked like broad participation rather than a single isolated burst. Tuesday then became the volume high-water mark at 2.26M transactions, while wallets dipped to 3.9K—suggesting the marginal transaction growth was driven more by higher activity per participant than a surge of new participants.

Midweek is where the rhythm changed. Wednesday kept volume essentially flat at 2.23M, but failed transactions jumped to 55.0K and the daily failure rate peaked at 2.5%—the highest point of the week. That spike was short-lived: Thursday matched Tuesday’s scale (2.25M) while failures fell sharply to 19.1K (0.8%). By Friday, the network reached its cleanest weekday performance: 2.11M transactions with only 12.7K failed (0.6%).

The weekend pattern was notable for its “healthy quiet.” Saturday was the week’s lowest volume day at 2.05M, yet unique wallets rose to 4.0K—suggesting lighter, more distributed usage rather than a drop-off in interest. Sunday then rebounded to 2.19M transactions and marked the week’s best reliability point with a 0.3% failure rate (6.4K failed), reinforcing that the midweek reliability degradation was transient rather than systemic.

From a throughput perspective, MegaETH stayed consistent: average TPS ranged from 23.7 to 26.2, with the weekly peak TPS reaching 33.0 on Thursday. Gas usage followed the same shape (avg 6.9–7.6 Mgas/s) and also peaked on Thursday (9.2 Mgas/s), aligning with the post-Wednesday normalization rather than the failure spike itself. For a deeper view of where load concentrated during the week, the Dashboard and Network Heatmap remain the fastest ways to sanity-check whether bursts were global or contract-local.

DApp Leaderboard

Registered DApps were defined less by broad-based growth and more by a reshuffling driven by two extremes: a sharp gaming surge at the top, and a meaningful pullback across several DeFi staples.

Crossy Fluffle (link) decisively widened the gap, finishing at 209K weekly transactions, up +118% WoW from 96.1K. Importantly, this growth happened in a week where overall network transactions rose only +4.5%, meaning Crossy Fluffle captured disproportionate marginal activity and effectively became the registry’s primary momentum engine.

Below it, the story flips. Kumbaya (link) fell to 27.4K (-53% WoW) and Avon (link) dropped to 17.8K (-53% WoW). This is the kind of synchronized pullback that usually reads as lower risk appetite and less appetite for active DeFi repositioning—consistent with the broader market’s cautious tone—rather than a single app-specific issue. Canonic (link) held roughly flat at 8.2K (+4%), acting as a steadier DEX presence amid the volatility in other DeFi counts.

The other defining competitive shift was GMX (link) jumping to 3.1K transactions from 413 (+644% WoW). The absolute number is still modest relative to the network, but the rate-of-change matters: it’s the clearest sign this week of traders probing liquidity venues and execution paths even as the larger DeFi names cooled.

Gaming beneath Crossy Fluffle was mixed but generally constructive. TopStrike (link) grew to 4.6K (+18%) and Smasher (link) nearly doubled to 816 (+86%), while Showdown (link) stayed flat at 3.3K (+1%) and Intraverse (link) fell to 1.9K (-36%). The pattern suggests user attention concentrating into fewer loops rather than lifting the whole category.

NFT activity remained light and trended down: Rarible (link) at 10 (-58%) and MegaPunks (link) at 9 (-94%)—not unusual in a risk-off week.

A key framing point: even the #1 registered DApp (209K) is small compared with several high-volume contracts outside the DApp registry. For competitive landscape work, the DApps Catalog should be read alongside the Contracts Explorer to avoid over-attributing “network growth” to registered app growth.

Notable Contracts

This week’s contract-level picture explains most of the network’s reliability movement, and it also shows where the majority of raw execution load is landing outside the DApp registry.

The central driver was World Markets - Exchange (0x5e3ae52eba0f9740364bd5dd39738e1336086a8b), which recorded 934K transactions and 148K failed. That failure count alone accounts for the bulk of the network’s 159K failed transactions for the week, making it the most plausible explanation for why the network failure rate rose to 1% WoW even though the day-to-day chain performance looked stable by Thursday onward. High failure concentration like this often reflects competitive execution (bots, racing, or intentional reverts) rather than generalized chain degradation, but it is still operationally important because it can distort network-level failure metrics and user perceptions when aggregated.

The next tier of non-registered activity was also substantial but far cleaner. Contract 0x681e908b8ab57c49c74d770f369754ccc3e1ae09 posted 426K transactions with only 258 failed, and 0x08366085a9ff9a5870f3cebd9fc2af456572783c delivered 138K transactions with 1 failed—patterns more consistent with stable automation or well-bounded execution conditions.

Other notable contracts (compact view):

• 0x328c38cb445cde29ab50c178186439e080ca0813: 120K txs, 138 failed — high activity, low-but-nonzero revert surface.
• 0xf2fdff7942c0de4e95f3c4cc335bdd5e4ae2d46d: 64.0K txs, 0 failed — consistently clean execution.
• 0x0e12e3d1903237332437c79429591874f99585f4: 61.2K txs, 547 failed — elevated reverts relative to peers; worth monitoring if it climbs.
• WETH (0x4200000000000000000000000000000000000006): 13.1K txs, 145 failed — typical edge-case reverts at modest volume.
• MegaETH - USDm (0xfafddbb3fc7688494971a79cc65dca3ef82079e7): 7.8K txs, 17 failed — small revert surface.
• 0x2db4fd060c35ab2bf4ffe5da22809fdb13409f59: 8.2K txs, 39 failed — moderate.
• 0x72c623053c823b47cf71259603a62e120a01f0c2: 6.6K txs, 0 failed — clean.

For broader clustering and repeat appearances across weeks, the Insights and Analytics views are the most efficient starting points.

Reliability & Health

Network reliability weakened WoW but improved sharply into the weekend, indicating a localized driver rather than structural instability.

Across the week, failures rose to 159K (from 81.7K), moving the weekly failure rate to 1% (from 0.6%). The spike was time-bounded: Wednesday hit 2.5%, followed by a quick reset to 0.8% on Thursday and 0.6% on Friday, ending at 0.3% on Sunday. That kind of profile—one midweek blowout, then normalization—fits best with concentrated revert-heavy activity rather than generalized execution risk.

At the DApp layer, two entries stood out for unusually high failure rates:

• TopStrike (link): 65.3% failure rate (3.0K failed on 4.6K total). High failure rates in gaming contexts can reflect botting, rate-limits, or contention mechanics rather than user-facing instability, but the magnitude makes it worth watching next week to see if volume grows alongside failures.
• GMX (link): 22% failure rate (677 failed on 3.1K). In trading contexts, elevated failures often accompany competitive routing and rapidly changing state.

Given the extreme concentration of failures in World Markets - Exchange (148K failed), the most actionable health takeaway is not “MegaETH became unreliable,” but that a single high-volume contract can move the network aggregate. Anyone tracking reliability should review both network-level aggregates and contract-level contributors in the Contracts Explorer.

Market & Ecosystem Context

Even with cautious broader market sentiment, MegaETH’s capital base strengthened early in the week and then stabilized. TVL moved from $96.4M on 7d-ago to $106.3M today (+10.3% over 7d), with the key step occurring on Mar 31 when TVL jumped to $105.1M from $96.4M the day prior. That kind of single-day move is typically more informative than the later small oscillations around $105–$106M, and it suggests a discrete inflow or redeployment rather than gradual drift.

This capital backdrop matters because it didn’t translate into uniform DeFi transaction growth: Kumbaya (link) and Avon (link) both fell -53% WoW by transaction count, while GMX (link) rose sharply from a small base. The implication is a more selective posture: capital can increase while interaction counts concentrate into fewer venues or fewer, higher-value actions.

On the “Road to TGE” program (megaeth.com/token), progress remains incremental rather than breakout. “LIVE MAFIA APPS” is at 6/10, and while the overall transaction-count criterion is marked completed, the fee-based path is not close: zero apps are above $50K today, and the listed apps show sub-threshold daily fees (e.g., Kumbaya at $3K today; Prism at $0K today). Meanwhile, the USDm path sits at 13%, with circulating supply shown as $62.7M / $500M—directionally relevant, but not a near-term trigger based on this week’s data alone.

Week Ahead

Watch whether failure rates stay near the weekend floor (0.3–0.4%) or revert to midweek levels—especially if World Markets - Exchange activity remains high (contract link). On the app side, the key question is whether Crossy Fluffle’s 209K weekly transactions (link) represent a new sustained baseline or a one-week spike, and whether GMX’s growth (+644% WoW) (link) persists without pushing failures higher. Finally, track whether DeFi interaction counts (not just TVL) re-accelerate—particularly for Kumbaya and Avon—as a signal that users are willing to move from capital positioning back into higher-frequency execution.