Decouples execution, sequencing, and verification into specialized roles to maximize hardware utilization. Settles to Ethereum as an L2. Run via a single sequencer model with stateless validation. Uses an EVM-compatible execution environment.

MegaETH is an Ethereum Layer 2 blockchain that targets 100,000+ transactions per second and sub-10ms block times. Its architecture separates sequencers, executors, and verifiers to maximize hardware efficiency and uses an in-memory state structure called SALT (Small Authentication Large Trie) to eliminate disk I/O during execution.

Founded by Shuyao Kong and Namik Muduroglu. MegaETH Labs leads protocol development; the network is intended to be operated by independent sequencers, executors, and verifiers.

website

twitter

Blockchains (L2)

MegaETH

# MegaETH Fees Methodology

## 1. Overview

Fees measures the total value paid by users to execute transactions on MegaETH. Transaction fees are paid in the native gas asset (ETH) and are composed of Layer 2 execution fees and Layer 1 settlement fees. This metric is utilized to evaluate the overall economic activity and fee generation capacity of the network.

## 2. Data sources

- **Blockchain events**: Transaction execution data from MegaETH transactions, covering MegaETH
- **External data**: End-of-day price feeds for the native gas asset

## 3. Step-by-step calculation

### Component A: Gas fee extraction

- **Purpose**: Extraction of gas usage, gas price, and Layer 1 settlement fees from transaction records
- **Logic**: Transaction records are parsed to extract gas used, gas price, and Layer 1 settlement fees. The native gas asset is mapped to the Wrapped Ether (WETH) contract address on Ethereum to facilitate subsequent USD valuation.
- **Key fields**: `gas_used`, `gas_price`, `l1_fee`

### Component B: Fee calculation and normalization

- **Purpose**: Calculation of the total transaction fees in the native asset
- **Logic**: Layer 2 execution fees are calculated by multiplying gas used by the gas price. Layer 1 settlement fees are extracted directly from the transaction receipt. Both fee components are normalized by decimal precision and summed to determine the total fees in the native asset.
- **Key fields**: `l2_gas_fee`, `l1_fee_amount`

### Component C: USD conversion and aggregation

- **Purpose**: Conversion of fee amounts to USD and daily aggregation
- **Logic**: Normalized fee amounts are multiplied by the end-of-day price of the native gas asset. The resulting USD values are aggregated to a daily grain, and any days with missing data are zero-filled.
- **Key fields**: `fees`, `price_usd`

*This methodology was automatically generated by Token Terminal's methodology analyzer.*

Total value users pay to use a protocol (gross fees, user-paid fees).

MegaETHMEGA

Fees

Fees

Competitive landscape