Introduction

In This Dashboard, You Will Read about the Ethereum Merge event. I Examined the Ethereum chain in the last 30 days and divided my findings into before and after the merge. I analyzed these parameters:

• Fail and Success Transactions
• New Users
• Transactions
• ETH Price
• Transfer ETH
• Deposit ETH on Ethereum stake address

What is the merge?

The Merge is an upgrade to the Ethereum blockchain, which powers innovations in the crypto ecosystem like non-fungible tokens (NFTs)

Analyzed By Hess. Reading Time Almost 10 Min

Method

• There wasn’t a complicated solution for my analysis. Overall, I used ETH transfer, Fact transactions, and Hourly price tables to extract all needed data.

Success Vs. Fail Transactions

• Almost the average success rate of transactions on Ethereum is 95% and the failure rate is 4-5%. The Success and fail rate after and before the Ethereum merge didn’t change too much. About a 1% success rate decreased after the merge.

New Users

• Like transactions, The total number of new unique users increased after the merge. Before the merge, the daily number of new users on the Ethereum chain was 300-350K but after the merge, New users increased up to 565K unique wallets. The average number of new users after the merge is nearly 400K and before the merge was 366K.

Transactions

• It is true that the average number of transactions per user didn’t change before and after the merge But, The total daily number of transactions increased. Before the merge, The total number of transactions was below 1M but after the merge reached above 1M.

Transfer ETH

• ETH token is Ethereum native token. All activities on Ethereum native token didn’t change too much after the merge. Some days before the merge, The total number of users, transactions and ETH amounts had so many ups and downs. After the merge, the pattern followed before the merge.

Deposit ETH

• Let’s take a look at the Ethereum staking contract address. Users can stake their ETH on the Ethereum chain, In order to earn from fees. After the merge, The total number of wallets increased significantly by transactions and amounts didn’t change too much.

Average Price of ETH

• The Ethereum merge happened on September 15 and as you can see before the Merge, The ETH price increased but during the merge, the ETH price dropped about 10-15%. The price of BTC, Sol and other popular tokens dropped like ETH. So Ethereum merge didn’t impact on ETH price.

A SUMMARY OF THE MOST IMPORTANT FINDINGS

• The ETH price dropped a day after the Merge. I can not say ETH price dropped because of the merge because Most tokens like BTC price dropped like the ETH.
• The total fail and success transactions didn’t change. The average percentage of Failed transactions after the merge was like the before the merge.
• The total number of transactions increased especially a day after the merge. From 900K to Up to 1.1M transactions.
• Total transactions per hour, minute and second increased a little bit after the merge.
• The daily number of new users on Ethereum increased for some days after the Merge.
• The pattern of transfer ETH, Transactions and users didn’t change after the merge and it was like before the Merge.
• The number of wallets that deposited ETH on the Ethereum stake contract address increased significantly but the number of transactions and deposited ETH amount didn’t change after the merge.

Full Analysis

• There are some metrics that show the power of a chain. The total number of transactions per hour, minute and second show how a chain can handle all transactions. The total number of transactions per hour/minute and second didn’t change too much after the Merge but I can see growth after the merge.

Conclusion

• In my opinion, Talking about success Merge is still soon. We need more time to examine The Ethereum chain, especially during the next bull market. But until now, It seems Ethereum keep its performance and some parameters like new users and transactions increased. I can say The Ethereum Merge was ‘Actually good‘. They did a great job and everything works fine on the Ethereum chain.
• Deposit ETH on Ethereum contract address shows people have trust on Ethereum and see good days for this popular chain in future.

THANK YOU FOR READING!

ALL CODES AND CONTENTS WERE WRITTEN BY HESS.

:writing_hand: Twitter: @hessaminanloo

:t-rex: Discord: hess#0890

:calendar: Analyze Date: 2022/SEP/30