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