It’s is very clear. When Ethereum got usage, fees will got burnt. Except demand: 1) there’s no enough block usage to burn significantly number of eth 2) there’s no enough ETH as the asset use case for people to hold ETH, eg, ICO era, NFT mania. supply: Significantly overflow, especially at the “L2” level.(曾嘉俊 Zeng Jiajun)