ETH energy consumption has decreased very significantly after the Merge (about 99.99%)
The total energy saved as a result of executing the merge is about 33 TWh.

3.1. Merge Influence on ETH Energy Consumption District

Acknowledgment and supplementary Information

I would like to show my sincere gratitude to the authors of the following dashboards that helped me very much indeed to do my own review: *
Author: NSA2000
Twitter of the Author: @NSA2000C
Discord of the Author: NSA2000#5651
Data from FlipsideCrypto

Summary

In this investigation, we aimed to conduct a comprehensive review on the influence of the merge on Ethereum and show different trends for behavior of the ETH miners and users trend, behavior of the users, ETH Transactions, price, gas fee, and gas used trends, swap trends, ETH liquid staking trend, and NFT trends.
ETH energy consumption has decreased very significantly after the Merge (about 99.99%)
The total energy saved as a result of executing the merge is about 33 TWh.
The daily number of active miners increased after the merge, since Jan 2022.
The total number of active miners after the merge is increased about 4%, since Jan 2022.
The daily variation of transactions per block mined is almost constant after the merge, since Sep 2022.
The total number of transactions per block mined after the merge is increased by about 85%, since Sep 2022.
The daily variation of transactions per block mined is almost constant after the merge, since Jan 2022.
The total number of transactions per block mined after the merge is decreased by about 80%, since Jan 2022.
The daily variation of active miners is increased after the merge, since Sep 2022.
The total number of active miners after the merge is increased by about 30%, since Sep 2022.
The average miner reward per day was 13.4K ETH before the merge.
The average validator reward per day is about 400 ETH after the merge,
A small part of the Average validator reward per day is from transaction fees, the rest is burned.
Most of the miner reward per day was new ETH issuance whereas most of the transaction fee was burned.
ETH supply decreased by about 103K after the merge.
If the merge had not been executed, ETH supply might have increased by 931K that have a positive influence on ETH price.
Daily variation in the number of users shows a constant trend after the merge, since Jan 2022.
The total number of users after the merge is decreased since Jan 2022. It is worth mentioning that during it is a short period the merge is executed and it must be investigated more in the future.
Daily variation of the number of users shows a constant trend after the merge, since Sep 2022.
The total number of users after the merge is increased significantly since Sep 2022.
Daily variation in the number of transactions shows a constant trend after the merge, since Jan 2022.
The total number of transactions after the merge is decreased since Jan 2022. It is worth mentioning that it is a short period that the merge is executed and it must be investigated more in the future.
Daily variation of the number of users shows an increasing trend after the merge, since Sep 2022.
The total number of transactions is increased significantly after the merge, since Sep 2022.
Daily variation of the gas used shows an increasing trend after the merge, since Jan 2022.
The total amount of gas used after the merge is decreased since Jan 2022. It is worth mentioning that during it is a short period that merge is executed and it must be investigated more in the future.
Daily variation of the gas used shows a constant trend after the merge, since Sep 2022.
Total amount of the gas used after the merge is increased since Sep 2022.
Daily variation of the ETH price shows a significantly decreasing trend during 2022 and the rate of this decrease is high at the first days of executing the merge, but then it has been constant since Oct 2022.
ETH price before merge is about 2288, while after the merge this has decreased to 1341 since Jan 2022.
Daily variation of the ETH price shows a significantly decreasing trend during 2022 and the rate of this decrease is high on the first days of executing the merge, but then it has been constant since late Sep and Oct 2022.
Daily variation of the gas fee shows a rather constant trend after the merge, since Jan 2022.
Total amount of the gas used after the merge is decreased since Jan 2022.
Daily variation of the gas fee shows a rather increasing trend after the merge, since Sep 2022.
Total amount of the gas used after the merge is increased since Sep 2022.
The average gas fee after the merge since Jan 2021 has decreased significantly from 0.00521 to 0.001629, but since Sep 2022 gas fee is almost constant.
Daily variation of swap transactions shows a rather constant trend after the merge, since Jan 2022.
The total amount of the swap transactions after the merge is decreased since Jan 2022.
Daily variation of swap transactions shows a rather constant trend after the merge, since Sep 2022.
The total amount of the swap transactions after the merge is increased by about 35% since Sep 2022.
Daily variation of swap users shows a rather constant trend after the merge, since Jan 2022.
The total amount of the swap users after the merge is decreased by about since Jan 2022.
Daily variation of swap users shows a rather constant trend after the merge, since Sep 2022.
The total amount of the swap users after the merge is increased by about 33% since Sep 2022.
Daily variation of swap volume shows a rather constant trend after the merge, since Jan 2022.
The total amount of the swap volume after the merge is decreased since Jan 2022.
Daily variation of swap volume shows a rather constant trend after the merge, since Sep 2022.
The total amount of the swap volume after the merge is increased by about 20% since Sep 2022.
Daily variation of swap to transactions shows a rather constant trend after the merge, since Jan 2022.
The total amount of the swap to transactions after the merge is decreased since Jan 2022.
Daily variation of swap to transactions shows a rather constant trend after the merge, since Sep 2022.
The total amount of the swap to transactions after the merge is increased by about 25% since Sep 2022.
Daily variation of swap from transactions shows a rather constant trend after the merge, since Jan 2022.
The total amount of the swap from transactions after the merge is decreased significantly by since Jan 2022.
Daily variation of swap from transactions shows a rather constant trend after the merge, since Sep 2022.
The total amount of the swap from transactions after the merge is increased by about 20% since Sep 2022.
Among the top ten pools, USDC-WETH 500 10 has the upper hand whether before or after the merge.
Among the top 4 DEXes, uniswap-v2 has the upper hand before the merge since Jan 2022.
However after the Sep 2022, uniswap-v2 has the upper hand whether before or after the merge.
Daily variation of ETH transfer to CEX volume shows a rather constant trend after the merge, since Jan 2022.
The total amount of ETH transfer to CEX volume after the merge is decreased significantly since Jan 2022.
Daily variation of ETH transfer to CEX volume shows a rather increasing trend after the merge, since Sep 2022.
The total amount of ETH transfer to CEX volume after the merge is increased significantly by about 40% since Sep 2022.
Daily variation of ETH transfer from CEX volume shows a rather constant trend after the merge, since Jan 2022.
The total amount of ETH transfer from CEX volume after the merge is decreased significantly since Jan 2022.
Daily variation of ETH transfer from CEX volume shows a rather increasing trend after the merge, since Sep 2022.
The total amount of ETH transferred from CEX volume after the merge is increased significantly by about 57% since Sep 2022.
As far as ETH liquidity staking is concerned, Lido and Rocket Pool have the upper hands since Jan 2022, whether before or after the merge.
Total ETH liquid stacking on Lido platform (3M) is more than Rocket Pool (160K) by far.
Daily variation of NFT sales shows a rather constant trend after the merge, since Jan 2022.
The total amount of NFT sales after the merge is decreased significantly since Jan 2022.
Daily variation of NFT sales shows a rather increasing trend after the merge, since Sep 2022.
The total amount of NFT sales after the merge is increased significantly by about 40% since Sep 2022.
Among the top NFT projects:
- Before the merge, since Jan 2022, opensea has had the upper hand.
- Before the merge, since Sep 2022, ens has had the upper hand.
- After the merge, opensea has the upper hand.
Among the most popular NFT platforms Since Jan 2022, whether before or after the merge, opensea has the upper hand and X2Y2 is following it in the second position. The same results can be seen for the data since Sep 2022.

Among the top ten pools, USDC-WETH 500 10 has the upper hand whether before or after the merge.

ETH supply decreased by about 103K after the merge.
If the merge had not been executed, ETH supply might have increased by 931K that have a positive influence on ETH price.

A small part of Average validator reward per day is from transaction fee, the rest is burned.
Most of miner reward per day was new ETH issuance whereas most of transaction fee was burned.

The daily number of active miners increased after the merge, since Jan 2022.
Total number of active miners after the merge is increased about 4%, since Jan 2022.

The daily variation of transactions per block mined is almost constant after the merge, since Sep 2022.
The total number of transactions per block mined after the merge is increased by about 85%, since Sep 2022.

The daily variation of transactions per block mined is almost constant after the merge, since Jan 2022.
The total number of transactions per block mined after the merge is decreased by about 80%, since Jan 2022.

The daily variation of active miners is increased after the merge, since Sep 2022.
The total number of active miners after the merge is increased by about 30%, since Sep 2022.

The average miner reward per day was 13.4K ETH before the merge.
Average validator reward per day is about 400 ETH after the merge,

3.2. Merge Influence on Miners District

3.3. Merge Influence on Users District

Daily variation of the number of users shows a constant trend after the merge, since Jan 2022.
Total number of users after the merge is decreased since Jan 2022. It is worth mentioning that during it is a short period that merge is executed and it must be investigated more in the future.

Daily variation of the number of users shows a constant trend after the merge, since Sep 2022.
Total number of users after the merge is increased significantly since Sep 2022.

Daily variation of the number of transactions shows a constant trend after the merge, since Jan 2022.
Total number of transactions after the merge is decreased since Jan 2022. It is worth mentioning that it is a short period the merge is executed and it must be investigated more in the future.

Daily variation of the number of users shows an increasing trend after the merge, since Sep 2022.
Total number of transactions is increased significantly after the merge, since Sep 2022.

Daily variation of the gas used shows an increasing trend after the merge, since Jan 2022.
Total amount of the of gas used after the merge is decreased since Jan 2022. It is worth mentioning that during it is a short period that merge is executed and it must be investigated more in the future.

Daily variation of the gas used shows a constant trend after the merge, since Sep 2022.
Total amount of the gas used after the merge is increased since Sep 2022.

Daily variation of the ETH price shows a significantly decreasing trend during 2022 and the rate of this decrease is high at the first days of executing the merge, but then it has been constant since Oct 2022.
ETH price before merge is about 2288, while after the merge this has decreased to 1341 since Jan 2022.

Daily variation of the ETH price shows a significantly decreasing trend during 2022 and the rate of this decrease is high on the first days of executing the merge, but then it has been constant since late Sep and Oct 2022.
ETH price before and after merge can be seen in this table since Sep 2022.

Daily variation of the gas fee shows a rather constant trend after the merge, since Jan 2022.
Total amount of the gas used after the merge is decreased since Jan 2022.

Daily variation of the gas fee shows a rather increasing trend after the merge, since Sep 2022.
Total amount of the gas used after the merge is increased since Sep 2022.

The average gas fee after the merge since Jan 2021 has decreased significantly from 0.00521 to 0.001629, but since Sep 2022 gas fee is almost constant.

Daily variation of swap transactions shows a rather constant trend after the merge, since Jan 2022.
The total amount of the swap transactions after the merge is decreased since Jan 2022.

Daily variation of swap transactions shows a rather constant trend after the merge, since Sep 2022.
The total amount of the swap transactions after the merge is increased by about 35% since Sep 2022.

Daily variation of swap users shows a rather constant trend after the merge, since Jan 2022.
The total amount of the swap users after the merge is decreased by about since Jan 2022.

Daily variation of swap users shows a rather constant trend after the merge, since Sep 2022.
The total amount of the swap users after the merge is increased by about 33% since Sep 2022.

Daily variation of swap volume shows a rather constant trend after the merge, since Jan 2022.
The total amount of the swap volume after the merge is decreased since Jan 2022.

Daily variation of swap volume shows a rather constant trend after the merge, since Sep 2022.
The total amount of the swap volume after the merge is increased by about 20% since Sep 2022.

Among the top 4 DEXes, uniswap-v2 has the upper hand before the merge since Jan 2022.
However after the Sep 2022, uniswap-v2 has the upper hand whether before or after the merge.

Daily variation of swap to transactions shows a rather constant trend after the merge, since Jan 2022.
The total amount of the swap to transactions after the merge is decreased since Jan 2022.

Daily variation of swap to transactions shows a rather constant trend after the merge, since Sep 2022.
The total amount of the swap to transactions after the merge is increased by about 25% since Sep 2022.

Daily variation of swap from transactions shows a rather constant trend after the merge, since Jan 2022.
The total amount of the swap from transactions after the merge is decreased significantly by since Jan 2022.

Daily variation of swap from transactions shows a rather constant trend after the merge, since Sep 2022.
The total amount of the swap from transactions after the merge is increased by about 20% since Sep 2022.

Daily variation of ETH transfer to CEX volume shows a rather constant trend after the merge, since Jan 2022.
The total amount of ETH transfer to CEX volume after the merge is decreased significantly since Jan 2022.

Daily variation of ETH transfer to CEX volume shows a rather increasing trend after the merge, since Sep 2022.
The total amount of ETH transfer to CEX volume after the merge is increased significantly by about 40% since Sep 2022.

Daily variation of ETH transfer from CEX volume shows a rather constant trend after the merge, since Jan 2022.
The total amount of ETH transfer from CEX volume after the merge is decreased significantly since Jan 2022.

Daily variation of ETH transfer from CEX volume shows a rather increasing trend after the merge, since Sep 2022.
The total amount of ETH transferred from CEX volume after the merge is increased significantly by about 57% since Sep 2022.

3.7. Merge Influence on Liquid Staking District

3.8. Merge Influence on NFT District

Daily variation of NFT sales shows a rather constant trend after the merge, since Jan 2022.
The total amount of NFT sales after the merge is decreased significantly since Jan 2022.

Daily variation of NFT sales shows a rather increasing trend after the merge, since Sep 2022.
The total amount of NFT sales after the merge is increased significantly by about 40% since Sep 2022.

Among the top NFT projects:
- Before the merge, since Jan 2022, opensea has had the upper hand.
- Before the merge, since Sep 2022, ens has had the upper hand.
- After the merge, opensea has the upper hand.

Introduction

Ethereum is the community-run technology powering the cryptocurrency ether (ETH) and thousands of decentralized applications. Ethereum is a technology that's home to digital money, global payments, and applications. The community has built a booming digital economy, bold new ways for creators to earn online, and so much more. It's open to everyone, wherever you are in the world – all you need is the internet.

The Merge is a technical upgrade that will shift Ethereum’s existing proof-of-work consensus mechanism to a proof-of-stake model. With this move, Ethereum aims to significantly cut its carbon footprint and lay the groundwork for future scalability upgrades.

If you’re holding ether, your funds will be safe during, before, and after The Merge. The asset will still appear as ETH in users’ wallets. Binance users, however, should prepare for a temporary pause on ETH and ERC-20 token deposits and withdrawals. It is also possible that the Ethereum chain splits into two competing chains after The Merge, and a new token is created. In the case of such fork, Binance will credit the Ethereum PoS chain with the “ETH” ticker. The forked token, on the other hand, will be distributed based on a snapshot of users’ ETH balance. [] []

2. Methodology

The data in this dashboard is obtained from the following tables:

ethereum.core.fact_transactions
ethereum.core.ez_token_transfers
ethereum.core.ez_eth_transfers
ethereum.core.ez_dex_swaps
ethereum.core.ez_nft_sales
ethereum.core.dim_labels
ethereum.core.fact_blocks
Merge block: 15537351

This analysis has been conducted since January 2022 until the present time. Macro-period is between Jan to Sep 2022 and as far as the merge has executed on September 15, 2022, the micro-period is from September 2022 to the present day [two specifics period: Before merge (before 15th September 2022) and after merge (after 15th September 2022)].

Aim of the Analysis: In this investigation, we aimed to conduct a comprehensive review on the influence of the merge on Ethereum and show different trends in the following terms:

Behavior of the ETH miners and users trend
Behavior of the users
ETH Transactions, price, gas fee, and gas used trends
Swap trends
ETH liquid staking trend
NFT trends

As it will be dealt with later in the Results and discussion part, the readers of this review will find the merge as a significant event on Ethereum, so I would like to see the merge as a very strong Knight play a key-role on the Ethereum Kingdom. Therefore I would like to name this dashboard as ‘

Merge Knight on the Ethereum Kingdom’

3.6. Merge Influence on Swap District

3.4. Merge Influence on Transactions District

3.5. Merge Influence on Price District

As far as ETH liquidity staking is concerned, Lido and Rocket Pool have the upper hands since Jan 2022, whether before or after the merge.
Total ETH liquid stacking on Lido platform (3M) is more than Rocket Pool (160K) by far.

3. Results and Discussion

Among the most popular NFT platforms Since Jan 2022, whether before or after the merge, opensea has the upper hand and X2Y2 is following it in the second position. The same results can be seen for the data since Sep 2022.

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