INTRODUCTION

The first step of the Bellatrix two-stage merging of Ethereum took place on September 6, 2022. Paris will host the second stage from September 10 and September 2022. The merging won't be complete until both phases are finished. After the merging, the Ethereum 2.0 network will exclusively employ Proof of Stake as a form of consensus, which is expected to require 99.5% less energy than Proof of Work did.

In the three days leading up to the Bellatrix upgrade, the cost of Ethereum's native currency, ETH, has risen by 6%. On September 7, however, ETH was trading at $US1508, down 8.2% over the previous day, along with other cryptocurrencies that lost value as a result of sell-offs. Ahead of the merger, cryptocurrency exchanges like Binance briefly banned Ethereum transactions.

The Beacon Chain and the original Ethereum Mainnet have merged to form a single proof-of-stake chain, known as The Merge.

Ethereum used 99.95% less energy after the Merge.

For more info visit: https://ethereum.org/en/upgrades/merge/

METHODOLOGY

To address the behavior of the users after the merging events which occurred in the early days of September, timely analysis is the most idealistic approach. Initially, the total miners before and the after the merging events are calculated. Also, the average of the block producers by mining and the average of the transactions made are also accounted for. along with the gas fee and the transaction fee. Now, the miners are accounted for with time so as to see if there is a drastic change with the merging. The blocks mined the difficulty, as well as the total transactions that were done for the same, are also accounted for with time to see the behavior of these constraints. Then the sales, the fee as well as the average fee are also charted with time to see a timely analysis. Also, the gas rate and the successful transactions are analyzed with time to see the behavior before and after the merging event. Now, coming to the swap events, the timely analysis of the swap events, the volume, the users as well as the average of the swap volume are also accounted for with time. This also shows the different trends of the different parameters. Finally, the platforms are also analyzed to see the total swaps, the users, and the volume.

The total miners before and the after merging event are calculated here and it is seen that there is a huge spike in the total miners after the merging event.

The pie diagrams here shows the total behavior of the users which displays the average transactions before and after merging and it is seen that the average transactions is almost the same which indeed shows the surge of the merging event among the users which made a nearly equal average in a very short days of merging.Also the blocks mined in the Ethereum network before and after the merging event are also accounted here and it is seen that more than three forth of the blocks were produced in the post merge time period.

The average gas price as well as the average transaction fee before and after the merging of the Ethereum tokens are also accounted here and it is seen that both the fee are almost the same in their average before and after the merging event.

The timely analysis of the total miners in the Ethereum network is charted here and it is seen that there is a large hike in the total miners in the recent days which is clear that the impulse is given by the merging event of the Ethereum.

The total transactions before and after the merging event are accounted for here and it is seen that there is a hike in transactions done in the past days as a result of the merging.

The difficulty for mining in the network over time is charted and it is seen that the difficulty is theoretically absolute zero after the merging event.

The blocks mined by the users in the Ethereum network are charted here with time and it is seen that the number of the blocks got doubled after the merging event.

The average of the transaction fee and the total transaction fee collected from the users before and after mining is accounted for here and it is seen that the fee did not change with the merging event.

The chart to the left shows the sales before and after the merging event and it is seen that the same trend of the hike in the sales are also repeated in the sales.

The succeeded transactions are charted here with time and it is seen that there is a drastic change in the success of the transactions after merging while the transactions that are getting succeeded are only half of the count after merging.

The Gas rate and the Gas price over time is charted here and it is seen that after merging, there is no change in the gas price and the gas rate.

The swaps in the Ethereum network is charted with time and it is seen that there is no big change in the swaps as it has been following almost the same trend over time.

The total users involved in the swapping event, as well as the swap volume in the Ethreum network, is charted here with time and it is seen that the total count is almost the same over time and it is clear that the Merging event has not made any influence on the swaps.

The trend line chart here shows the total behavior of the swap parameters over time and it is seen that the trend is the same with the usual variability.

Finally, to conclude it can be said that the merging event has huge impact/influence on the miners, the mined blocks as well as there is also a hike in the users who are involving in mining but by analyzing the swaps,no drastic change could be detected.