ETH has burned more than 10 billion US dollars in recent years, ushering in an era of deflation, but deflation does not mean appreciation, the key lies in the ecosystem.

Therefore, I do not quite agree with the view that "deflation is the core competitiveness of ETH", because SOL and others can enter deflation by burning or other forms.

Therefore, I would like to ask all the experts: excluding the assumption that "ETH now has the most developers and therefore will still have the largest ecosystem in the future", what is the long-term core competitiveness of ETH?