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.

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Blockchains (L2)

MegaETH

# MegaETH Average transaction fee Methodology

## 1. Overview

Average transaction fee is calculated as the average fee paid by users per transaction on MegaETH. The typical cost of executing transactions on the network is reflected by this metric. Total transaction fees, comprising both L2 execution fees and L1 settlement fees, are aggregated and divided by the total number of transactions. The resulting values are converted to USD using end-of-day price feeds to enable standardized comparison.

## 2. Data sources

- **Blockchain events**: Transaction execution data, including gas used, gas price, and L1 settlement fees, parsed from MegaETH transactions, covering MegaETH
- **External data**: End-of-day price feeds for the native gas asset

## 3. Step-by-step calculation

### Component A: Transaction fee extraction

- **Purpose**: Extract and calculate the total fee for each transaction
- **Logic**: Gas used and gas price are extracted from transaction records to calculate the L2 gas fee. The L2 gas fee is calculated by multiplying gas used by gas price, and the result is normalized by decimal precision. The L1 settlement fee is also extracted and normalized by decimal precision. The total transaction fee is calculated as the sum of the L2 gas fee and the L1 settlement fee.
- **Key fields**: `gas_used`, `gas_price`, `l1_fee`

### Component B: Transaction count aggregation

- **Purpose**: Count the total number of transactions
- **Logic**: Unique transaction hashes are aggregated and counted on a daily basis to determine the total daily transaction volume.
- **Key fields**: `transaction_hash`

### Component C: USD conversion

- **Purpose**: Convert transaction fees to USD
- **Logic**: Total daily transaction fees are multiplied by the end-of-day price of the native gas asset to determine the USD value.
- **Key fields**: `fees`, `price_usd`

### Component D: Average fee calculation

- **Purpose**: Calculate the average transaction fee
- **Logic**: The total daily transaction fees in USD are divided by the total daily transaction count. If no transactions are recorded for a given day, the average fee is represented as zero.
- **Key fields**: `fees`, `transaction_count`

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

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Average transaction fee

Average transaction fee

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