What the Merge Means for Ethereum Miners

Optimism's OP Token Plummets After Botched Airdrop

“Currently, approximately 95% of the DeFi projects exist on the Ethereum blockchain. If NFT and DeFi developers realize that a secure proof-of-work layer 1 blockchain is the best playing field for their code based projects, then we would expect to see a rise in applications on the Ethereum Classic blockchain,” Kilic said. He added that “we believe there is intrinsic value in a broadly decentralized proof-of-work coin, which Ethereum Classic stands to become, if the Merge does take place.”

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