Try Quests to earn cryptoETH Merge: Actually Good?
Method⚡
For answering above questions, i went through ==ETH merge== and analyzed what happened after merge.
I used ==Ethereum.core== database provided by Flipsidecrypto and used ==“ethereum.core.fact_transactions”== table for ==Total== Stats,
==“ethereum.core.ez_dex_swaps”== for ==Swap== Stats, ==“ethereum.core.ez_nft_sales”== for ==NFT== Stats and
==“ethereum.core.ez_token_transfers”== for ==Stake== Stats.
I separate before and after merge in my charts so its more understandable that what happend before and after merge
All the data and charts that i analyzed and you are going to see are since September until today 2022-09-30
(Whole September)
Introduction🚩
What was Ethereum Merge?
The Merge was the joining of the original execution layer of Ethereum (the Mainnet that has existed since genesis) with its new proof-of-stake consensus layer, the Beacon Chain. It eliminated the need for energy-intensive mining and instead enabled the network to be secured using staked ETH.
More Info
Who are Ethereum miners?
Mining is the lifeblood of any proof-of-work blockchain. Ethereum miners - computers running software - used their time and computation power to process transactions and produce blocks prior to the transition to proof-of-stake.
More Info
Findings👀
- Ethereum Merge Occurred on Sep 15th
- Daily Transactions (TPS,TPM,TPH) rised on Sep 15th(Merge day), Sep 16th, Sep 17th
- In overall, There are more transactions per second after merge than before merge
- Daily ETH users peaked on Sep 17th with 564K user
- The whole point of merge is to decrease network fee of Ethereum and it did it so well,as we see in the fee bar chart, average spent fees decreased after merge
- Merge actually didnt put any effect on transactions success rate
- There are more failed and successful transactions after merge than before merge
- Sep 15,16,17 were busy days for Ethereum
- Number of daily failed transactions in September peaked Sep 20th(5 days after merge)
- Ethereum network fee decreased after merge and its speed increased
Findings👀
- Number of stakes and stakers increased after merge in Lido and Direct staking
- A few days after merge were so good for Lido and Direct staking
- Amount of staked ETH suddenly increased after Sep 14th
- Number of stakers peaked on Sep 16th(1 day after merge) since the beginning of September
- Merge put some effect on staking stuff but not that much
- It looks like Lido just got revived after merge
Conclusion💡
- In overall as we see, merge was good for Ethereum
- Merge decreased Ethereum high and annoying network fee and increased netwrok’s speed
- Number of transactions and users peaked on Sep 17th since the beginning of September
- September was ETH merge month and actually did well on number of daily transactions and users
- Merge put some good effect on number of daily swaps
- ETH Merge didnt do anything serious on NFT market and stats but NFT volume dropped a bit after Sep 15th
- Number of stakers peaked on Sep 16th and after that started to drop slowly
- Lido and Direct staking leaded staking actions in September and did pretty well
- ETH price started to drop after merge unlike most of the population thoughts