On-chain Trends 24 Hours After The Merge

September 16, 2022, 10:31AM EDT

• 4 min read

Quick Take

  • The hashrates of multiple proof-of-work networks such as Ethereum Classic surged to record levels on the day of The Merge.
  • Ether borrow rates have returned to normal levels as speculators unwound their positions.
  • Total ether supply increased due to low network activities despite a 90% reduction in issuance.

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Source: https://www.theblockresearch.com/on-chain-trends-24-hours-after-the-merge-170718?utm_source=rss&utm_medium=rss