statement of question :

The merge has occurred. How have users responded in days that followed?

\n Analyze any notable trends or outliers you can see since ETH switched to POS. Compare this to user behavior in the days and weeks leading up. What major changes can you see?

in this dashboard, we want to review Ethereum transferred from several important platforms

we’ll review the UniSwap , SushiSwap, Maker and Aave platforms

The Merge

• Ethereum Mainnet uses proof-of-stake, but this wasn't always the case.
• The upgrade from the original proof-of-work mechanism to proof-of-stake was called The Merge.
• The Merge refers to the original Ethereum Mainnet merging with a separate proof-of-stake blockchain called the Beacon Chain, now existing as one chain.
• The Merge reduced Ethereum's energy consumption by ~99.95%.

In this part, we are going to examine the Yunus platform and see what users have done with their ETHs in the past days, whether they converted their ETHs to another currency or vice versa.

The pie charts show the top 10 pools in terms of the number of transactions, the number of people and the volume of transactions

The first chart shows data about converting ETH to other currencies and the next three pie charts show data about converting other currencies to ETH

The next two charts show the changes in ETHs based on their path to ETH and USD . If the user has converted her holdings to ETH, the graph in the above graph is shown as a positive number, and if the user has converted her ETH to other currencies, it is shown as a negative number .

The last chart shows that a huge amount of other currencies have been converted to ETH in recent days . This may have been because of the market's fear of this event

Uniswap

Uniswap is an automated ethereum-based crypto exchange with its own governance token, UNI.

it is a cryptocurrency exchange which uses a decentralized network protocol. Uniswap is also the name of the company that initially built the Uniswap protocol. The protocol facilitates automated transactions between cryptocurrency tokens on the Ethereum blockchain through the use of smart contracts.

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In the next part, we want to examine the changes related to the Sushi Swap platform And let's see what changes have happened to this currency on this platform

SushiSwap

(SUSHI) is an Ethereum token that powers SushiSwap, a decentralized cryptocurrency exchange and automated market maker built on Ethereum. Holders of SUSHI can participate in community governance and stake their tokens to receive a portion of SushiSwap's transaction fees.

Why do people use SushiSwap?

It provides an alternative to liquidity provider (LP) tokens exchange. Using the Automated Market Maker (AMM) protocol, SushiSwap is enabled by “smart contracts,” allowing users to buy and sell through Sushi DeFi and decentralized exchanges.

• SushiSwap Exchange: SushiSwap's flagship product enables users to swap any ERC-20 token for any other ERC-20 token.
• Kashi: This dapp lets users lend and borrow crypto for a variety of different purposes, including leverage trading.
• SushiBar: This product lets users stake their tokens.

in this decentralized exchange, unlike UniSwap, a huge amount of different assets have been converted to ETH.

The graphs on the right show the inflow and outflow on a daily basis, but the graphs on the left show their results.

As we can see, the number of users in this exchange has increased drastically in recent days, as well as the number of transactions related to this currency.

AAVE

AAVE is a decentralized finance (DeFi) protocol that lets people lend and borrow cryptocurrencies and real-world assets (RWAs) without having to go through a centralized intermediary. When they lend, they earn interest; when they borrow, they pay interest.

In this platform, there is an asset deposit section where users can receive interest for depositing their assets.

Users can get some loan in exchange for collateral

Users can receive a flash loan and pay it back in less than one block

Users can withdraw their assets from the Aave platform

in the graphs below, the activity of users is shown on a daily basis in the last 200 days .These activities indicate whether Ethereum has been withdrawn from the platform or not

The first four graphs show the number of users, the number of transactions, the volume of transactions in USD and ETH for the deposit, withdrawal and borrowing functions.

As we can see in these charts, the amount borrowed and the amount withdrawn are shown downwards While the amount deposited is shown on the top and this clearly shows us how much Ethereum is deposited or withdrawn daily.

Note

that this data is only for ETH and stETH currency .It is not related to all currencies on this platform so we can more easily answer the question of what users did with their ETH

Note

that all these analyzes are on the Ethereum network and other networks of this platform are not considered

in the graphs above, the number of transactions related to deposits and withdrawals on this platform has increased a lot in the past days and was almost 10 times higher than the previous days.

On the other hand, the number of users who have deposited their assets to this platform has been much, much higher than the number of people who have withdrawn.

in recent days, a large amount of Ethereum has been deposited to this platform and a large amount has also been withdrawn, but users did not want to borrow Ethereum in this period of time.

Regarding the four charts below, we do not see any specific activity in the last few days related to the Ethereum Merge event, we only see an increase in the volume of flash loans taken from this platform in the last few days.

MakerDAO

is a project that joins a DAO together with a cryptocurrency stablecoin called DAI to create a complete DeFi ecosystem that allows lending, saving and much more on the Ethereum blockchain.

One of the largest DeFi projects in the crypto world is MakerDAO, a DAO whose governance is controlled by holding tokens called Maker. On the other hand, MakerDAO is also responsible for the creation and development of the Maker protocol, whose purpose is to enable and control the issuance of DAI, a stablecoin or stable currency anchored to the dollar whose impact on the crypto world is unquestionable today.

The main objective behind the creation of MakerDAO is to create a decentralized operating and governance infrastructure that enables the creation of a stablecoin with global reach. Secondly, MakerDAO seeks to create a mechanism that facilitates access to decentralized finance (DeFi) using cryptocurrencies. A mechanism to encourage people to convert their Ether to DAI.

The Stability Fee is a variable-rate fee continuously added to a Vault owner’s generated Dai balance. They are a Risk Parameter designed to address the inherent risk in generating Dai against collateral in Maker Vaults. A portion of the Stability Fee is diverted toward sustaining the operation of the Maker Protocol, which includes the DSR, Risk Teams, and other costs associated with maintaining the protocol.

The next platform we want to see the amount of ETH deposited and withdrawn on is Maker

The platform, like the previous platform, allows users to deposit or withdraw their assets to this platform Therefore, in the first 3 charts, we will examine the amount deposited and withdrawn from this platform

In the next section, you can see three graphs related to Flash Loan, which shows the activity of users for 3 currencies: aWETH , stETH , WETH

In this first graph, which is related to deposits and withdrawals, the number of transactions has increased in the last few days so that it has increased nearly 6 times. The number of users has also increased greatly compared to the previous days, but the amount of Ethereum deposited and withdrawn to this platform has not changed much.

And the lesson of the last chart, which is related to flash loans, the number of people who received this loan has increased in recent days, the volume of flash loans has also increased significantly in recent days and reached 185 million dollars.

Conclusion

As we can see, users took different actions on different platforms. In the first platform that we reviewed, which is called Younes App, users tended to convert their ETH to other currencies. This may be due to the fear of users from this event.

In the second platform that we checked, called Sushiswap, we saw that users were willing to convert their ETHs to other currencies, and a large amount of other currencies were the best converts, which is a good sign.

In the third platform(AAVE), the volume of these changes was very large, and users deposited most of their assets to this platform. In the case of flash loans, users did not do anything special and it is the same as the previous days

In the fourth platform called Maker, the volume of activities has increased in the past few days, the volume deposited to this platform is also more than the volume withdrawn from this platform. Regarding the flash loans of this platform, a large amount has been borrowed in the past days

what is Flash loans ?

> Flash loans are a relatively new form of uncollateralized loans available to traders on some decentralized finance (DeFi) protocols based on a blockchain network (Ethereum). This type of loan allows traders to borrow unsecured loans from lenders without intermediariesText Here