What happened to Ethereum?

Indeed, Ethereum's performance in this round has disappointed many people.

On the one hand, the volatile market has caused the originally inactive market to reduce its GAS greatly due to the emergence of Ethereum L2. Now there are single-digit GAS in the Ethereum network. It's terrible that many friends have never seen such a low level even in a bear market, right? If the situation continues, it is not difficult to see that Ethereum will face considerable inflationary pressure.

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