Swap transactions from/to ETH

The charts above display the swap volume and ETH swap volume (in ETH) during November.
The charts show increased pressure to buy or sell ETH after the FTX crash, but sell transactions dominated buy transactions on most days.
The daily swap volume data shows that the volume of ETH swaps started to increase since the FTX crash to reach the peak on November 9 and then started to decrease till today.
Also, after the FTX crash, the ETH sales volume increased significantly.

ETH swap transactions by DEXes

Using these charts, we can see that for both pre-crash and post-crash, Uniswap-v2 and Uniswap-v3 were the most popular DEXes on nearly all days by the number of swaps, and we have Curve as the most popular Dex in term of swap volume.
Also, since the FTX crash, ETH transactions have increased across different DEXes.

Swap transactions by DEXes after the crash

As mentioned above, since the FTX crash, Uniswap has been responsible for more than 65 percent of ETH transactions, and Uniswap_v2 has the most significant share with about 38%, followed by Uniswap_v3 with 28.9% and Sushiswap with 14%.

Swap volume by DEXes after the crash

In the case of swap volume, Curve has more than 80% of the total swap volume across different DEXes.
The second rank belongs to the Uniswap with 15%.

NFT sales since the FTX crash

Using the charts above, we can compare the most popular NFT projects since the FTX crash in the terms of sales volume and sale number.
In the case of sales volume, Town star has the first rank with 8.56M, followed by ENS with 96.5K and Opensea with about 61K.
In the case of sales numbers, Opensea has the first rank with about 36% share of total NFT sales after the crash, followed by ENS and the Otherside with 15.7% and 13.5%.

Blocks and TPS

We can see that following the FTX crash; the block time interval has dramatically risen.
Additionally, you can observe that in the days after the FTX crash, the daily average number of transactions per block has increased.
Additionally, we can observe a noticeable rise in daily transactions per second (TPS) following the FTX crash, so after the FTX crash, the average TPS rose from 11.93 to 13.12.

Success rate

Unlike the TPS increase after the FTX crash, which is a good sign for the future of this network, there isn’t specific pattern in the case of success rate.

ETH Price

As can be seen, the ETH price has decreased since the FTX crash, The ETH price fell from 1588 USD before the FTX crash to 1260 USD after the FTX crash.

Number of transactions & unique users & amount of transfered ETH

The following data shows that the number of daily transactions and unique users remained relatively the same after the FTX crash.
Additionally, there is a noticeable difference between the amount of ETH transferred before and after the FTX crash. Also, there was a significant amount of transferred ETH one day the FTX crash, when 7.05M ETH transfered in single day. However, after that, it began to decline to the pre-crash level.

Transaction fees (ETH)

Using the data, we can observe that the amount of paid fees has increased significantly since the FTX crash on the daily and overall charts.

Stake transactions

As can be observed from the statistics shown above, the staking transactions started to increase following the FTX crash, while the daily number of unique stakers hasn’t changed significantly and also the amount of staked ETH.
Also, in the case of the maximum, average and total amount of staked ETH, we see a decrease since the FTX crash.

Gas price and Used Gas

We can observe an increase in gas prices after the FTX crash. The average gas price increased from 21.68 before the FTX crash to 32.86 after the FTX crash. but the average volume of gas used decrease from 105.4K to 95.7K after the FTX crash.

Conclusion

Following the FTX crash, the price of ETH dropped from 1588 USD to 1260 USD.
After the FTX crash, the number of daily transactions and unique users practically stayed the same. Furthermore, the volume of ETH transferred before and after the FTX disaster differs significantly. Moreover, a day following the FTX crash, 7.05M ETH was transferred in a single day, which was a considerable quantity of transferred ETH. After that, though, it started to fall to its pre-crash level.
Since the FTX crash, the number of fees paid has considerably grown.
Additionally, the block time interval has increased significantly. The daily average of transactions per block also increased following the FTX crash. Additionally, the number of daily transactions per second (TPS) has increased noticeably after the FTX catastrophe, increasing from 11.93 to 13.12 on average.
There isn't a clear pattern in the success rate data, unlike the TPS spike following the FTX catastrophe, which is encouraging for the network's future.
Following the FTX crash, staking transactions began to rise, while the daily average of unique stakers and the amount of ETH staked remained mainly constant. We also observed a decline since the FTX crash in the maximum, average, and total amount of ETH invested.
Before the FTX crisis, the average gas price was 21.68; following the FTX crash, it was 32.86. However, following the FTX catastrophe, the average gas volume dropped from 105.4K to 95.7K.
The charts demonstrate increasing demand to buy or sell ETH following the FTX crisis. However, on most days, sale transactions outnumbered buy ones. According to the daily swap volume data, ETH swaps increased after the FTX crisis, peaked on November 9, and then started to decline till today. Additionally, the volume of sales of ETH considerably surged following the FTX catastrophe.
We have Curve as the most popular DEX in terms of swap volume for both pre-crash and post-crash, with Uniswap-v2 and Uniswap-v3 being the most popular DEXes by the number of swaps on practically all days. Additionally, following the FTX disaster, there have been more ETH transactions on several DEXes.
Over 65% of all ETH transactions after the FTX disaster have been processed by Uniswap, with Uniswap v2 accounting for the largest share with about 38%, followed by Uniswap v3 at 28.9% and Sushiswap at 14%.
Curve controls more than 80% of the overall swap volume across all DEXes in the event of swap volume. Uniswap is in second place, with 15%.
Town Star holds the top sales volume with 8.56M, followed by ENS with 96.5K and Opensea with roughly 61K. Regarding sales figures, Opensea leads with an approximately 36% share of all NFT sales following the crash, followed by ENS and the Otherside with 15.7% and 13.5%, respectively.

Methodology

By using fact_transactions, core.fact_blocks, ez_eth_transfers, fact_hourly_token_prices, and ethereum.core.fact transactions tables we will try to assess the following metrics to find the effect of the FTX crash on Ethereum:

ETH price
Number of transaction, unique users and amount of transfered ETH
Fees
Blocks data and transaction per second (TPS)
Success and fail rates
Staking data
Gas price and used Gas
Swap transactions and volume from/to ETH
ETH swap transactions by DEXes
NFT sales since the FTX crash

Ethereum post the FTX crash

FTX, a major cryptocurrency exchange, and FTX.US, its U.S. branch, filed for Chapter 11 bankruptcy, FTX announced on Nov. 11. The companies also faced an apparent hack that drained more than $600 million from user wallets later the same day. FTX advisers overseeing the bankruptcy proceedings are having trouble locating most of the company’s reported assets, Bloomberg reported, indicating that FTX might have limited funds to repay its debtors.
Founder and CEO Sam Bankman-Fried — also known as SBF — has resigned, according to the Nov. 11 press release; the new CEO is John J. Ray III, who led the infamous energy giant Enron through its bankruptcy and liquidation process about two decades earlier. In a bankruptcy filing on Nov. 17, Ray commented on the severity of FTX’s murky finances under its former leadership. FTX’s crash has wide-reaching implications throughout the crypto market, as cryptocurrencies and exchanges with exposure to FTT or FTX face sinking prices and financial troubles.
FTX and FTX.US crashed due to a lack of liquidity and mismanagement of funds, followed by a large volume of withdrawals from rattled investors. The value of FTX’s native token, FTT, plummeted last week, taking other coins down, including Ethereum and Bitcoin, which reached a two-year low as of November 9.

flipside