Is Ethereum becoming inflationary again?
Yes, it is, and that’s because Ethereum fees, which are supposed to burn ethers, are everywhere but not on Ethereum: its own L2s (Arbitrum, Polygon, etc.) and EVM competitors (BNB, Avalanche C, etc.)
Limiting L1 dooms cryptocurrencies. pic.twitter.com/cE82gwUbZR
— Nikita Zhavoronkov (@nikzh) September 23, 2023