Summary of Ethereum inflation rises, threatens ‘ultrasound money’ status: Report
Summary of Ethereum inflation rises, threatens ‘ultrasound money’ status: Report
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The source article:
Ethereum's inflation rate has hit a two-year high as layer-2 solutions curb transaction burns, challenging its deflationary promise. The report suggests that the rise of layer-2 solutions has reduced onchain activity and lowered burn rates, leading to a surge in ETH issuance. This has raised concerns about Ethereum's long-held "ultrasound money" narrative, which positioned ETH as a deflationary currency.
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The source article:
quoting nevent1q…tz0mEthereum inflation rises, threatens ‘ultrasound money’ status: Report
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Ethereum’s inflation rate hit a two-year high as layer-2 solutions curb transaction burns, challenging its deflationary promise, according to a new Binance Research report.
https://cointelegraph.com/news/ethereum-inflation-surge-questions-ultrasound-money-narrative
Ethereum's inflation rate has hit a two-year high as layer-2 solutions curb transaction burns, challenging its deflationary promise. The report suggests that the rise of layer-2 solutions has reduced onchain activity and lowered burn rates, leading to a surge in ETH issuance. This has raised concerns about Ethereum's long-held "ultrasound money" narrative, which positioned ETH as a deflationary currency.