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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MegaETH

# MegaETH Median transaction fee Methodology

## 1. Overview

Median transaction fee measures the median fee paid across all transactions. A typical user payment is represented, without skew from extremely high or low values. This metric is utilized to evaluate the cost efficiency and user experience of the network. Fees are paid in the native gas asset (ETH) and converted to USD.

## 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: Transaction fee extraction

- **Purpose**: Calculate the total fee paid for each individual transaction
- **Logic**: For each transaction, the execution fee is calculated by multiplying the gas used by the gas price, and the L1 fee is extracted. Both components are normalized by decimal precision and summed to determine the total transaction fee.
- **Key fields**: `gas_used`, `gas_price`, and `l1_fee`

### Component B: Median fee calculation

- **Purpose**: Determine the daily median transaction fee
- **Logic**: Transactions are aggregated by day using UTC boundaries. The median transaction fee is calculated for each day by taking the 50th percentile of the total transaction fees across all transactions.
- **Key fields**: `fee_amount` and `block_timestamp`

### Component C: USD conversion and finalization

- **Purpose**: Convert the median transaction fee to USD and format the final metric
- **Logic**: The daily median transaction fee is converted to USD by multiplying the fee by the end-of-day price of the native gas asset, using the Ethereum WETH price feed. The chain identifier is mapped to MegaETH. A zero-filling strategy is applied to ensure a continuous daily time series.
- **Key fields**: `transaction_fee_median`, `token_address`, and `price_usd`

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

MegaETHMEGA

Median transaction fee

Median transaction fee

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