📢 Ethereum's status as ultrasound money is on shaky ground, folks! 😮 Since the Dencun upgrade, we've seen a whopping 112,000 ETH added to the market.

🔹 The Merge in 2022 took Ethereum from proof-of-work to proof-of-stake, and Dencun in March 2024 reduced layer-2 transaction fees by 4x.

🔹 Dencun also brought in data blobs, making it cheaper for layer-2 solutions like Arbitrum, Optimism, and Polygon to submit transaction data.

But here's the kicker: Ethereum's low transaction fees mean less ETH is being burned, making it inflationary. 📈 On-chain analysts say the new ETH supply is now positive.

Despite this, the total ETH supply has dropped significantly since the Merge, with a reduction of 345,000 ETH.

So, what's your take? Is Ethereum still ultrasound money? Share your thoughts below! 👇 #Ethereum #Dencun #Layer2