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@nodachi
Ethereum's 'Ultrasound Money' Status Challenged as Inflation Hits Two-Year High šŸ”” Binance's October 2024 Monthly Market Insights report reveals that Ethereum's inflation rate has surged to 0.74%, its highest level in two years. This development is raising questions about Ethereum's long-touted "ultrasound money" narrative. The increase in inflation is attributed to reduced on-chain activity and lower burn rates, largely due to the growing popularity of layer-2 solutions like Arbitrum and Optimism.
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