Overview

How does the real-world impact blockchain activities?

This dashboard attempts to shed some lights into question by investigating the impact of the World Cup on user activities on the Ethereum blockchain.

First, changes in user activities before, during and after the 2018 Russia Fifa World Cup will be presented. Then, in the light of 2018 WC impact and considering changes in the first week we will try to predict the rest of the 2022 Qatar World Cup Impact on the Ethereum blockchain activities.

Method

User Adoption

Graphs below show that the daily number of active users as well as the number of new users decreased during the 2018 World Cup. Both metrics had increases after the final match.

NFT Activities (Mint and Sales)

We can see that number of mints, minters and NFTs minted on the Ethereum blockchain are higher during the WC.

Contrary to NFT mints, NFT sales did not increase during the Russian World Cup as the data shows.

ETH balance and transfers

The data shows that the number of wallets holding ETH and transferring ETH has dropped during the 2018 World Cup.

Decreases were higher in the second half of the World Cup.

The 2022 Qatar World Cup

World Cups last about one month. For investigating the World Cup impact one month before and after the event is compared with its time. The 2018 Russia World cup held between '2018-06-14' and '2018-7-15' and the 2022 Qatar World Cup started on 2022-11-20 and will be ended on 2022-12-18. Therefore the following periods are considered to compare for Russia and Qatar world cup respectively:

• Russia 2018 WC: P1 (before) May 14-June 13, P2 (during) June 14-July 15, and P3 (after) July 16-August 14.
• Qatar 2022 WC: P1 (before) October 19-November 19.

The following categories will be examined:

• User activities
• User adoptions
• NFT activities (Mint and Sales)
• ETH transfers

Analysis

User Activities

Graphs below show the daily number of transactions and ETH value of transactions over time. We can see that the daily number of transactions has decreased since the beginning of the world cup. Immediately, after the world cup it has increased. In the final stages the transactions level were less than the group stage.

Looking at the total number of transactions per period (31 days), we can see that during the world cup the Ethereum blockchain experienced lowest level of transactions.

The ETH value also decreased after the beginning of the 2018 WC. However, it is difficult to say that this is a part of long term decline or the effect of WC as the decrease can be seen after the WC as well.

Data around the 2018 Russian World Cup reveals that user activities, user adoption, ETH transfers and NFT mints has influenced by the World Cup.

One week after the opening of the 2022 Qatar World Cup, let’s see whether we can see the abovementioned effects on the ETH blockchain.

User Activities

Graphs below show that in the first week of the World Cup we saw less transactions and lower ETH value of transaction in comparison with the week before.

User Adoption

Daily number of Active users and new users decreased in the beginning of the 2022 World Cup, but towards the end of the week it showed a growth. To have better idea about this we should wait for a longer time data.

NFT Market.

Contrary to 2018 NFT minting does not have an increase during the 2022 World Cup. We do not see a growth in NFT mints, minters and collections as a result of World Cup in 2022. Neither on NFT sales there is an increase.

ETH transfers

In the beginning of the Qatar World cup we can see a decrease in ETH transfers in terms of the number of Value. However, in terms of number of transfers as well as the number wallets transferring ETH we can see an increase in the last three days. We should wait and see the next week.

Conclusion

This dashboard attempts to investigate the effect of World Cup on the Ethereum blockchain activities.

The data shows that overall the World Cup period has an impact on the Ethereum user activities. The number of transactions, ETH transfers and user adoptions were decreased as a result of World Cup matches.

This effect can be seen in the first week of Qatar 2022 World Cup as well.