# 通货膨胀与物价

#通货膨胀与物价 A phenomenon has become increasingly evident recently — when traditional financial elites are all discussing "asset on-chain," it is no longer a niche topic. The tokenization of US debt, the SEC chairman speaking out personally, and the growing consensus on Wall Street indicate that Ethereum has become the core carrier of this financial migration.
Even more interesting are the technical signals. Blob fees burn over 1500 ETH in a single day, and the prosperity of L2 directly feeds back to the mainnet — this means real economic activity is growing, and deflation is imminent. Compared t

#通货膨胀与物价 Wall Street is really starting to play for keeps now 🔥 SEC Chairman calls for "financial migration on-chain," tokenization of US Treasuries is no longer a fantasy, Ethereum has directly become the core infrastructure. Isn't this the ultimate solution under inflation? Traditional finance has collapsed, only on-chain assets can preserve value!
The most outrageous thing is that Blob fees burn over 1500+ ETH in a single day, accounting for 98%🚀. The explosive growth of L2 directly feeds back into the mainnet, deflation is coming, brothers! Looking at the technical side, leverage has dr

#通货膨胀与物价 After observing this round of Fed debates, it feels like the market is about to reprice itself. Goolsby is optimistic and predicts a significant rate cut next year, but then votes against it. This "optimistic on paper, cautious in action" attitude actually best reflects the true dilemma faced by the decision-makers—the ghost of inflation has not yet fully dissipated.
What is the key information? Companies and consumers are still frantically worried about prices. What does this mean? It suggests that the market’s expectations for rate cuts may need to be tempered. Those accounts of ag

#通货膨胀与物价 Seeing the latest statements from Federal Reserve voting members, I was reminded of recent conversations with a few friends. Their most concerned issue all points to the same thing—prices.
Goolsbee's attitude is quite interesting: on one hand, he is optimistic that interest rates may significantly decline next year; on the other hand, he emphasizes cautious waiting because businesses and consumers are highly worried about rising prices. This seemingly contradictory stance actually reflects the current economic reality—although there are signs of easing inflation, it has not yet reach

#通货膨胀与物价 Seeing the Federal Reserve's decision this time, my mind immediately flashes back to the moments over the past twenty years when inflation repeatedly taught us lessons.
After the 2008 financial crisis, we saw how Bernanke's quantitative easing gradually pushed up asset prices, and at that time, everyone thought inflation was dead. It wasn't until the end of 2021, when inflation data suddenly surged, that the market was caught off guard—like a cycle repeating itself. Now, Powell is saying that inflation might peak in Q1 2026, with the condition of "no new tariffs being imposed." This

#通货膨胀与物价 After reviewing Yili Hua's analysis framework, several signals are worth paying close attention to.
First is the on-chain data—Blob fees burning over 1500+ ETH daily, accounting for 98%. This figure is indeed impressive and directly reflects the real activity level of the L2 ecosystem in feedback to the mainnet. In line with deflationary expectations, this scale of burning has already formed an observable on-chain signal.
Second is the CEX reserve dropping to 10%. From a fund tracking perspective, this means the majority has already exited or moved into cold wallets. Market holdings

#通货膨胀与物价 Seeing the latest data is quite exciting—ETH burns over 1500 tokens in a single day, accounting for 98% of Blob fees, indicating that the thriving L2 ecosystem is feeding back into the mainnet. More importantly, the consensus on Wall Street is becoming clearer; tokenization of US debt and on-chain asset migration are no longer just concepts but are being actively driven by policy.
From a technical perspective, leverage speculation has dropped to a historic low of 4%, with only 10% of CEX reserves remaining. What does this extremely cleaned-up situation usually imply? The bears are al

#通货膨胀与物价 After reading the Federal Reserve's latest statements, I have to say one thing: inflation, this obstacle in the way, has not been truly tamed yet. The opposition voices from voters like Goolsbee and Schmidt are worth paying serious attention to; they are not playing political games but stating a reality — the business community and consumers still see prices as the number one threat.
This reminds me of a often overlooked rule: **When the macro environment worsens, the projects that cut leeks tend to thrive the most**. Why? Because people are eager to find a way out, FOMO emotions are