We continue to watch the unprecedented inflows into the spot bitcoin ETFs, as AUM exceeded $55 billion and bitcoin reached “larger than silver” status., author of Web3: Charting the Internet's Next Economic and Cultural Frontier, outlines that while bitcoin is getting all the attention, Ether, the second-largest cryptocurrency by market cap, is evolving and has different investment criteria.
So, with the dual tailwind of Bitcoin ETF flows and the upcoming halving, is Bitcoin the best bet? Not so fast. Ethereum, the next biggest crypto asset by market cap, has a case of its own to make.
With each processed block, some ETH is also burned or taken out of existence forever. The amount burned is based on the number of transactions in that block. So, if there are more transactions, we often burn more ETH with each block than the new ETH created. This leads to a deflationary policy—we are currently seeing about 1.3% less ETH per year.
For ETH the demand generation is different. ETH is used to pay for transactions on the Ethereum network, or as we commonly refer to it, to pay for blockspace.
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