Description
Ultra sound money is an Ethereum meme focusing on the likely decrease of the ETH supply. The ETH supply decreases whenever more ETH is destroyed via fee burn than ETH is created via issuance. Fee burn is a mechanism which destroys ETH base fees paid for transaction inclusion on Ethereum, which started with the activation of EIP-1559. The merge was the transition from issuance-heavy Proof-of-Work (PoW) to issuance-light Proof-of-Stake (PoS), causing an issuance shock called the triple halvening.