When the Ethereum community is enthusiastic about the ultrasonic currency narrative, the market response appears indifferent – this concept has neither formed a broad consensus nor lacked sufficient market imagination. The turning point occurred after the implementation of EIP-1599, where the deflation mechanism of ETH was like an oil pipeline in the digital economy. Its combustion mechanism not only reshaped the logic of value storage, but also made Ethereum the underlying fuel driving the operation of the Web3 ecosystem.
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This transformation has a dual significance:
Economic Model Upgrade: From Experimental Currency to Deflationary Digital Assets
Social Cognitive Evolution: From Geek Toys to Mainstream Recognized Financial Infrastructure