PoS gives Ethereum the economic structure to overtake Bitcoin, says DeFi researcher

A researcher has argued that the upcoming Ethereum Merge could create a better economic structure for the smart contract platform. Vivek Raman said that after the Merge, ETH inflation will drop from 4.3% to 0.22%. The researcher also said that the platform would be running on better security after the merge. The average gas fees required to transact in the Ether network dropped to $1.57, a number that was last seen back in 2020. While BTC will function as digital gold, Raman argues that ETH will position itself as a digital bond and collateral asset used as collateral. Earlier in July, ENS registrations surged by 200% amid lower gas fees, with daily NFT purchases dropping to one-year lows in July. Source