Developers have created non-fungible tokens (NFTs), smart contracts, and decentralized finance (DeFi) protocols, all of which run on top of the Ethereum blockchain. Granted, Bitcoin may have more avatars on social media trying to pump it higher, but Ethereum has more developers, entrepreneurs, and IT professionals bringing to life real-world applications. At the same time, the shift to a proof-of-stake mechanism as a result of the Merge will transform ETH into a deflationary asset, further increasing its attraction as a possible inflationary hedge.