@belindaclar
The "Ultrasound Money" narrative posits Ethereum as a deflationary asset, outpacing Bitcoin's "sound money" with a capped supply. EIP-1559 (2021) and The Merge (2022) support this by burning fees and reducing issuance. However, 2025 data shows inflation due to lower Layer 2 burns, challenging the narrative. Some still see potential with high activity, while others focus on utility and yield instead.
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