As more transactions happen Ethereum or any of the Layer 2 projects, it is going to create more ETH burns leading to deflation. All the statistics can be found at https://ultrasound.money
As more transactions happen Ethereum or any of the Layer 2 projects, it is going to create more ETH burns leading to deflation. All the statistics can be found at https://ultrasound.money
ETH became deflationary a while ago (although from that site it seems it switched to inflationary again, so it's a balance). Deflationary is not a good thing for decentralization, but it will be good for its price.