Flash Bounty: Post Merge Behavior

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    Introduction

    As you know, Ethereum blockchain mechanism was changed from proof of work method to proof of stake method, this update under the title Merge was done successfully on September 15. Before the update, there were speculations about the price change or transaction fees, and now we are going to check the behavior of users and other things after and before this update.

    ETH Volume of Stake Platforms (Lido and RocketPool)

    USD Volume of Stake Platforms (Lido and RocketPool)

    Users of Stake Platforms (Lido and RocketPool)

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    Transactions of Stake Platforms (Lido and RocketPool)

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    In the charts, the behavior of users in famous stake platforms such as Lido and Rocket Pool has been checked, and the charts related to Lido are regularly displayed on the right side and the charts related to Rocket Pool are displayed on the left side.

    As it is known, as soon as Ethereum changed to proof of stake, the number of transactions and stake users increased

    The USD volume and the staked Ethereum volume in the days after the update are much higher than before, and this is normal because Ethereum continues on the basis of proof of stake after September 15.

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    All charts and numbers above are related to Ethereum gas and transaction fees before and after the update

    As you can see, the average gas in the days before the update was 13.5 and this average decreased to 8.8 after Merge.

    Naturally, the transaction fees have become a little lower than before, according to Ethereum Gas

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    Method

    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, you can check their behavior well.

    I have checked and analyzed the Ethereum price, transaction fees, Ethereum daily gas, Ethereum stake on different platforms, the number of users and transfer volume and many other things from the tables that you can see below

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    In these charts, as you can see the mined blocks, the noteworthy points of this section are that the number of transactions of each block has decreased slightly after the update.

    But the number of mined blocks has increased after Merge

    And the third thing is that the number of unique miners before the update was about 65 miners, but after the update, more users started to mine Ethereum through proof of stake.

    Conclusion

    1. the average gas in the days before the update was 13.5 and this average decreased to 8.8 after Merge.
    2. Naturally, the transaction fees have become a little lower than before, according to Ethereum Gas
    3. As it is known, as soon as Ethereum changed to proof of stake, the number of transactions and stake users increased
    4. The USD volume and the staked Ethereum volume in the days after the update are much higher than before, and this is normal because Ethereum continues on the basis of proof of stake after September 15.
    5. the number of transactions of each block has decreased slightly after the update.
    6. But the number of mined blocks has increased after Merge
    7. the number of unique miners before the update was about 65 miners, but after the update, more users started to mine Ethereum through proof of stake.
    8. The number of users and the number of transactions increased only 2 days after the update and returned to the previous level and continued the same process.
    9. the amount of the fee is lower than before the update
    10. if we don't consider the first two days after update, when users made transactions out of enthusiasm or for testing, there was no significant change in terms of transactions and users before and after update.
    11. 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
    12. 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
    13. 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.

    Blocks, miners and transactions of blocks

    Number of Users, Transactions and Fees

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    The number of users and the number of transactions increased only 2 days after the update and returned to the previous level and continued the same process.

    According to the chart, the amount of the fee is lower than before the update

    In the general charts, you can see that the number of users and transactions is slightly higher than before Merge update

    And if we don't consider the first two days after the update, when users made transactions out of enthusiasm or for testing, there was no significant change in terms of transactions and users before and after the update.

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    NFTs on Ethereum Blockchain

    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

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    Ethereum Price --  -- After and Before Update

    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.