MegaETH, an innovative blockchain solution designed for scalability and efficiency, is now officially listed on LayerHub! This integration allows users to access detailed analytics on MegaETH’s network activity, enhancing transparency and engagement.
MegaETH has launched its testnet, marking a significant milestone in its development. The testnet provides developers and users with the opportunity to explore MegaETH’s features, including its high-speed transaction processing, Ethereum compatibility, and optimized execution environment. This launch paves the way for the upcoming mainnet release and broader ecosystem adoption.
MegaETH has successfully raised $20 million in its seed funding round, which concluded in May 2024. The round was led by Dragonfly, with participation from Figment Capital, Robot Ventures, Big Brain Holdings, and other notable investors.
Private investors include Ethereum co-founder Vitalik Buterin, ConsenSys CEO Joseph Lubin, EigenLayer founder Sreeram Kannan, and ETHGlobal co-founder Kartik Talwar.
Available Metrics on LayerHub
Thanks to LayerHub’s integration, users can seamlessly monitor crucial MegaETH metrics, analyze trends, and evaluate their engagement levels in various ecosystem activities. The following metrics are now accessible:
- Daily Transaction Count.
- Wallets by Number of Transactions.
- Wallets by Number of Interacted Contracts.
- Daily Active Wallets.
- Wallets by Active Days.
- New Wallets on MegaETH.
- Wallets by $ETH Balance.
- Wallets by Number of Created Contracts.
- Daily Contracts Created.
These insights allow MegaETH ecosystem participants to better understand network dynamics and their level of engagement.
Wallet Checker
Wallet Checker tool allows users to analyze their wallet interactions within the project. With this tool, participants can check their ranking, transaction history, engagement levels, and overall contribution to the ecosystem.
- Wallet ranking – position among all participants.
- Transaction count and contract interactions.
- Active days within the network.
- Total balance.
How to Reach the Top 10% of Users
LayerHub analytics help identify the key factors for ranking in the top 10% of MegaETH users. Based on current trends, achieving this status requires:
Total number of transactions and wallets by number of transactions
The total number of transactions to date is 233M, which is quite a lot in such a short period of time.
More than 95% of wallets have made less than 5 transactions, so to get into the top 10% you need to make at least 4 transactions.
Wallets by Active Days and New Wallets on MegaETG
The increase of wallets is rapid and large, which is expected for such a project, and amounted to 5,533,098 wallets.
More than 95% of wallets (5,284,771) were active for less than 1 day, so to get into the top 10% you need to be active for at least 2 days.
Wallets by Number of Interacted Contracts
From the total number of participants, only 15% of wallets interacted with at least 1 contract, from which 68% interacted with less than 5 contracts. Therefore, to get into the top 10% you need to interact with at least 2 contracts.
Only 0.19% (10 532) of all wallets created at least 1 contract, from which 41% created 1 contract. To get to the top, it is enough to create 1 contract.
Conclusion
To be among the top 10% of MegaETH Testnet participants, you should:
- Completing at least 4 transactions.
- Interacting with at least 2 different smart contracts.
- Create at least 1 contract.
- Holding a balance of at least 0.1 $ETH.
- Maintaining activity for at least 2 days.
The listing of MegaETH on LayerHub enhances network transparency and usability for both users and investors. Now, everyone can track key metrics, analyze their activity, and optimize their participation in the ecosystem. Stay updated with the latest analytics and insights on MegaETH through LayerHub!
