Try Quests to earn SOLFlash Bounty: Merge Open Analytics
introduction
This dashboard examines the aftereffects of the Ethereum network merging. Thus, two time periods are analyzed in detail: the 90 days leading up to the Merge (on September 15), and the time period after the Merge. In particular, the daily trend and the overall amount constituted throughout the aforementioned timeframe are compared for a number of different parameters. For Ethereum's three distinct facets, this is done as follows:
Levels of Transaction Data
Analyzing Miners and Blocks
swap Actions
Observation
Following the merge, there were 5% more transactions per day on Ethereum, particularly on the day of the merge (15 September) and the two days that followed.
The Bellatrix phase's second day had the most ETH transactions (with 7.58M ETH). Expectations for the Merge the day before the event led to this.
The day with the greatest average amount of ETH per transaction was September 14. Despite this, following the Merge, both the overall volume and volume per transaction increased.
Before the Merge, the highest average ETH transaction was greater. This indicates that following the Merge, the maximum amount of ETH transmitted in a single transaction per day has decreased.
The number of users has been rather consistent over the last month, although on September 17th there was a peak of 566.2k active users.
After the Merge, there were less transaction fees overall (1.74k ETH/day as opposed to 1.4k ETH/day, respectively).
Following the Merge, transaction fees are typically 0.0012 ETH per transaction.
Observation
In the wake of the Merge, a 10% increase in new blocks has been generated.
Since Proof-of-Stake (PoS) validators that have staked ETH to assist secure the network have replaced Proof-of-Work (PoW) miners, the number of miners has increased by a factor of 10. There is less of a barrier to entry for users to become validators since they no longer need to make a substantial investment in hardware in order to produce new blocks.
Since there is no Proof of Work (PoW) following the Merge, the previous difficulty in creating a block has vanished. The daily chart for September 15 shows the difficulty level in the hours leading up to the Merge.
metric1 : Levels of Transaction Data
metric 2: Analyzing Miners and Blocks
metric 3: swap Actions
Observation
It's been noted that since the Merge, there has been a rise in the frequency of swaps. The fact that this event went down without a hitch boosted user trust in the network.
Prior to the Merge, the GST-USDC LP had the sixth-highest volume of swaps, but it quickly fell out of favor. What happened to the DC-WETH 10000 200 pool also occurred there.
Prior to the Merge, there was a 25% increase in the volume of pooled swaps. The first day of the Bellatrix phase hit the monthly top of 2.11B USD, even though September 15th held the second volume peak of the prior month.
The majority of Ethereum's volume and exchanges take place in the USDC-WETH 500 10 pool (before and after the Merge).
A number of new investors have joined the WETH-stETH curve LP after the Merge.
conclusion
A total of 5% more transactions were processed on Ethereum each day after the Merge, with the largest increases occurring on the day of the Merge (15 September) and the two days that followed.
The most Ethereum (ETH) was traded on day 2 of the Bellatrix phase (with 7.58M ETH). The anticipation around the Merge the day before the event led to this.
The daily average of transaction costs has decreased since the Merge (1,74k ETH vs. 1,4k ETH).
In the wake of the Merge, a 10% increase in new blocks has been generated.
Since Proof-of-Stake (PoS) validators that have staked ETH to assist secure the network have replaced Proof-of-Work (PoW) miners, the number of miners has increased by a factor of 10. There is less of a barrier to entry for users to become validators since they no longer need to make a substantial investment in hardware in order to produce new blocks.
Since there is no Proof of Work (PoW) following the Merge, the previous difficulty in creating a block has vanished. The daily chart for September 15 shows the difficulty level in the hours leading up to the Merge.
It's been noted that since the Merge, there has been a rise in the frequency of swaps. The fact that this event went down without a hitch boosted user trust in the network.
Prior to the Merge, there was a 25% increase in the volume of pooled swaps. The first day of the Bellatrix phase hit the monthly top of 2.11B USD, even though September 15th held the second volume peak of the prior month.
> # thanks for reading
