INTRODUCTION

On September 6, 2022, the first stage of the Bellatrix two-stage merger of Ethereum took occurred. The second stage will take place in Paris from September 10 and September 2022. Both steps must be accomplished before the merger is finished. It is anticipated that Proof of Stake, which uses 99.5% less energy than Proof of Work, would be the only consensus method used by the Ethereum 2.0 network after the merger.

The price of ETH, the native currency of Ethereum, has increased by 6% over the last three days in preparation for the Bellatrix update. However, ETH was trading at $US1508 on September 7, down 8.2% from the day before, along with other cryptocurrencies that saw their value decline due to sell-offs. Ethereum transactions were momentarily prohibited by cryptocurrency exchanges like Binance prior to the merger.

The Beacon Chain and the first Ethereum Mainnet have combined to create The Merge, a single proof-of-stake chain.

After the Merge, Ethereum utilized 99.95% less energy.

The further deep impact of the Ethereum merge can be found at

METHODOLOGY

This dashboard has several inspections done on the sushiswap platform to see if the Ethereum merge has made any impact on the protocol. The hence different time-dependent analysis is made for several parameters such as Liquidity, swaps, etc now let us look at how this is done. The time period chosen here is the month of September and hence a monthly or a 15-day time scale is used accordingly. Initially, the TVL locked up in different pools is considered here as well as the LP co-Horts with the users to see the behavior of the users. Then the timely analysis of the token transfers in the sushiswap platform is done with the transactions, the volume as well as the users before and after the merging events. Then the deposit is also considered before and after merging. Now, the Liquidity actions are analyzed with the period and the volume such as before merging and after merging. The Liquidity providers are also taken into account to address the withdrawal volume in USD$. Then the Postmerge net value of the deposited and the withdrawn volume are also charted as additional steps with the ranks of the LPers. Now the Pools are analyzed to see the Liquidity provided and withdrawn along with the transactions also with time. All these are accounted for for the month of September. Also, the deposit volume, transactions as well as wallet count, and also maximum values with the added liquidity and removed liquidity are also determined. Finally, the pool names with the net events as well as network users are also determined.

Hereby the TVL of the pools of the Sushiswap with the time before merging and after merging are also charted for here and it is seen that BIT-WETH SLP had the highest TVL before merging while after merging USDC-WETH SLP has the highest.

The LP pool co-horts with their performance after the merging is addressed here and it is seen that the users who did not redeploy are the highest.

Sushiswap users over time is charted with time and it is seen that the merging has not much impact on the active users.

The transactions over time in the Sushiswap is charted here and it is seen that there is a slight decrease in the transactions after the merging.

The volume of the Liquidity removed by the users before and after merging is charted here. It is clear that the volume is very less after merging.

The volume of the liquidity removed before and after merging is determined for two-time scales with both two weeks before and after the merging. It is clear that the deposit is higher than the withdrawal.

The period as well as the volume of the USD with withdrawal and deposit before and after merging is charted here. It is seen that the there is a hike in the deposit after the merging event.

The Liquidity providers and their with draw volume over time is charted here along with the rank.

Post merge net deposited and pre merge withdrawal are with Liquidity providers are charted here .

The rank and the top LP users are are displayed here.

The amount of the liquidity in and out which are the deposited and withdrawn are charted here along with the transactions and the trend almost seems to have the same before and after merging event.

The amount transacted with the pool is addressed here and it is seen that multi-USDC SLP has the highest amount in and out after the post merging.

The pool with the most number of transactions are charted here and it is seen that State-WETH SLP has the highest number of transactions.

The deposit volume as well as the transactions in the pool before and after merging is charted here.

Top pools with their users before and after merging event is accounted for here and ILV-WETH liquidity pool has the highest number of users.

The period stats, the volume as well as the average amount with the adding and removing liquidity actions are charted here.

The maximum amount added and removed after and before merging are charted here.

Finally, the Net users with the pools are charted here by choosing the constraint as the different blockchains at the top for the sushiswap platform.

Thus the charts here implement that there are a few impacts that happened on the Sushiswap.