Try Quests to earn cryptoFlash Bounty: Merge Open Analytics
Introduction
Vitalik, since the beginning of Ethereum, announces that this protocol is currently an interim version and that there will be a version 2.0. This has been developed since the early days of Ethereum.
However, we have really seen the beginnings of Ethereum 2.0 with the arrival of the Beacon Chain in late 2020. The Beacon Chain was the chain that will govern Ethereum during the transition to Proof-Of-Stake.
From the end of 2020, it is possible to send 32 ETH within a smart-contract in order to become a validator of the ETH network in its PoS version. This Beacon Chain works today in parallel to the main chain which is used in PoW version to secure the network.
That said, from "The Merge", it will be this Beacon Chain that will validate the blocks of the ETH network and therefore it will be from this version that Ethereum will go into Proof-of-Stake version.
Even once this is done, there will still be several steps before arriving at the "final version" of ETH 2.0 but "The Merge" is going to be a great step forward since it will sign the end of the proof-of-work based protocol on which ETH was based since its creation.
Conclusion
- In almost all parameters examined in the topic of Stake, we noticed that the statistics, i.e. the number of users, transactions, and the amount of staked Ethereum on Stake platforms, increased after Merge update.
- The amount of ETH staked in 12 days before the update is 231k ETH and in 12 days after the update is 130k ETH
- Among the stake platforms after direct stake, the Lido platform has the largest amount of stakes by users
- The number of stick transactions before the update is 13k and after the update is 6.4 stake transactions
- The number of unique users who used sticks in the days before Marj is 8.8k users, and the number of them after Marj is 2.9k unique users.
- The price of Ethereum has fallen after the update and its average price was 1663 USD in the days before the update and 1370 USD in the days after the update.
Method
In this dashboard, we want to use different tables and different criteria to analyze what happened in the Ethereum blockchain after the Merge update and how users react to Ethereum after the Merge update. My method for checking and analyzing the behavior of users and other things is very clear, and by coloring the charts before and after the update, we can check their reaction well.
The price of Ethereum has fallen after the update and its average price was 1663 USD in the days before the update and 1370 USD in the days after the update.
The lowest price of Ethereum in the days before and after the update is on September 21, which is 1240 USD, and the highest price is before the update, which is 1780 USD on September 10.
This section is about the behavior of NFT users on Ethereum
The number of NFTs sold on a daily basis has slightly increased.
Also, the number of daily buyers has increased after the update, and more users buy and sell NFTs than before
But the volume of USD sales of NFTs has decreased slightly after the update, and the reason for this can be the decrease in the overall price of NFTs
In almost all parameters examined in the topic of Stake, we noticed that the statistics, i.e. the number of users, transactions, and the amount of staked Ethereum on Stake platforms, increased after Merge update.
The amount of ETH staked in 12 days before the update is 231k ETH and in 12 days after the update is 130k ETH
Among the stake platforms after direct stake, the Lido platform has the largest amount of stakes by users
The number of stick transactions before the update is 13k and after the update is 6.4 stake transactions
The number of unique users who used sticks in the days before Marj is 8.8k users, and the number of them after Marj is 2.9k unique users.