On-chain Trends 24 Hours After The Merge
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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Author: Eden Au
