According to @alice_und_bob, ETH is heavily used in on-chain economic activity, supporting its roles as medium of exchange, unit of account, and store of value, highlighting real transactional demand for ETH that traders track through network usage signals, source: @alice_und_bob on X, Aug 9, 2025. The author also questions the sustainability of ETH continuing to fulfill these monetary functions, underscoring a key consideration for market participants evaluating Ethereum’s demand dynamics, source: @alice_und_bob on X, Aug 9, 2025.