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On-chain Trends 24 Hours After The Merge

On-chain Trends 24 Hours After The Merge

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September 16, 2022, 10:31 a.m. EDT

• 4 min reading time

Quick Take

  • Hashrates of several proof-of-work networks, such as Ethereum Classic, hit record highs on The Merge day.
  • Ether lending rates have returned to normal levels as speculators liquidate their positions.
  • The total supply of Ether increased due to low network activity, despite a 90 percent drop in Ether.

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

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