With The Merge complete, tokens adjacent to Ethereum or in the ecosystem have seen significant gains.
Several adjacent tokens, including Ethereum Classic and Lido DAO’s token, also saw increases.
Ether, and other tokens related to the Ethereum ecosystem, have failed to hold on to the heady price gains made following the successful completion of The Merge.at 06:44 UTC on Thursday, pushing ether up and over the $1,600 mark it has flirted with since Tuesday's CPI data release, while also spurring growth in Ethereum Classic, Lido DAO's token.
The native token of the Ethereum blockchain had traded at around $1,583 directly before The Merge, jumping to around $1,640 in the immediate aftermath before surrendering much of those gains. It was trading at $1,604 onThe token associated with Ethereum Classic, the blockchain that Ethereum forked away from in 2016, jumped from around $35.82 prior to The Merge to just under $40, before falling to $37.20 as of the time of writing.
This leaves the token up about 1.9% in the past day. With Ethereum now migrated to a proof of stake blockchain there is potential for Ethereum Classic to receive an influx of miners. Its hash rate
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