Method :

1. Using ethereum.core tables to determine transactions count and volumes.

2. Some part of the dashboard belong to my previous dashboards (here,here)

   
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Analyzed time period: A month before Merge until now

1.Analysis:

Conclusions :

It can be concluded that merge has had positive effects on Ethereum, although it is too early to draw conclusions, the number of unique active users has increased slightly, and it also seems to have had a positive effect on NFT markets, NFT Mints slightly Increased compared to before merge

Also, the merge has caused the price of Ethereum derivatives to increase and get closer to PEG, no major negative impact was seen in the observations.

Overview:

Using the opposite charts , we can get an overview of the Ethereum ecosystem before and after the merge.

1. Transaction Count : (slightly increased)

   The number of transactions made by users has been stable at the border of 1 million transactions per day before the merge, after the merge we have seen a short-term increase, which has returned to the previous situation after 3 days.

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Daily Block Count: (increased) :

With the change of mining from PoW to PoS, the number of blocks produced daily has increased significantly and reached 7000 blocks per day from an average of 5000 blocks per day before the merge.

2. Average ETH value of Transactions : (no change)

   The average ETH value of transactions increased significantly before and a few days after the merge, but returned to the average of a month ago over time

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3. Average Transaction Fee : (decreased)

   As expected, Merge has resulted in a slight reduction in transaction fees.

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4. Ethereum Price: (decreased)

It was expected that the price of Ethereum would increase with the merge, regardless of the market downtrend, but the optimism didn't last long and the merge failed to create an uptrend for the price of Ethereum.

5. Unique Users using Ethereum daily : (no change)

   It is known that the number of unique users increased slightly after the merge and reached 568K on September 17th (2 days after the merge), but over time it returned to the pre-Merge average of 350K users.

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5. Ethereum New User Count : (increased)

   it seems that the merge was able to have a positive effect on the number of new users who register transactions on Ethereum, the number of new users before the merge had a decreasing trend and its average daily fluctuated between 50K and 60K but after merge, it has been on an upward trend.

6. Transaction Success Rate : (decreased)

it seems that the number of failed transactions increased with the merge

in a similar period before the merge, the average number of successful transactions was always above 90% of all transactions, but after the merge it fluctuated wildly and in a some hours it was below 90%.

Effect on the price of derivatives.? (positive effect)

merge seems to have had a positive effect on the price of Ethereum derivatives. For the first time in 6 months, stETH has managed to catch up to PEG, rETH has taken a positive distance from PEG due to the accumulation of ETH 2.0 transaction rewards, and aETHc is trying to get close to PEG.

Introduction :

The Ethereum Merge is the joining of Ethereum’s proof-of-stake (PoS) Beacon Chain with the Ethereum Mainnet to transition the Ethereum blockchain off the legacy proof-of-work (PoW) system. As of mid-September 2022, Ethereum has officially switched over to a PoS model. It has given birth to Ethereum 2.0, a new version of Ethereum. This will result in a 99.95% reduction in Ethereum’s energy consumption and the ability to further scale the Ethereum ecosystem.

The switch has moved the entire blockchain over to new PoS validator nodes that require staking or locking up 32 Ether (ETH) to join.

The Ethereum merge protocols were accurately triggered at 6:43 am UTC (12:13 pm IST) on Sept. 15. As per the latest report, the blockchain reached the state of Total Terminal Difficulty of 58,750,000,000T [source]

it was expected that with the merge and the increase of Ethereum TPS

Capacity, more users would transact on Ethereum and the number of transactions would increase.

Examining the number of transactions of platforms and activities on Ethereum in a similar period of time (2 weeks before and after the merge) shows that the number of transactions did not differ much in most activities.

The number of swap transactions has increased slightly after the merge, NFT Mints have also increased, borrowing has increased, and liquidity increase transactions in pools have also increased.

Token Transfer and ETH circulation is slightly less than before the merge.

The Merge was previously projected to make ETH a deflationary asset.

This is because the issuance of new ETH will be significantly reduced with no more rewards for miners.

Does this mean that ETH will become a rarer and more valuable asset? This might happen. However, despite the reduced supply, the number of burning gas fees also decreased along with the decline in transactions on Ethereum.

In fact, 15 days since The Merge (30 September 2022), the ETH supply has actually increased by around 8,530.

The new ETH figure also exceeds the ETH burn rate of gas costs. This is because the demand side of the use of Ethereum is in a downward trend due to the bear market.

In the long term, this decline in ETH issuance and burning could have a positive impact.[source]