Developers successfully activated the Merge fork today. The network upgraded without any problems and switched to the PoS consensus, the team said in a statement.
In the run-up to this event, the inflow of ether (ETH) to cryptocurrency exchanges increased sharply. In total, investors sent up to $1.2 billion worth of ETH to exchanges – the maximum inflow to exchange wallets in the last six months, Nansen CEO Alex Svanevik said.
His team found that one address transferred 450,000 ETH worth up to $720 million to Binance. Investors sent 288,442 ETH worth $490 million to the Bittrex exchange.