Everyone is wrong about ETH fees. Yeah, gas dropped 90% — but the take you're getting everywhere is backwards. Cheap gas isn't a win for ETH holders. It means L2s ate the volume. Arbitrum, Base, Optimism — they pulled transactions off L1 after EIP-4844. Blob fees crushed the burn. ETH burned per day is down bad. When EIP-1559 stops burning supply, ultrasound money breaks. ETH could go inflationary…