According to the source, Ethereum is reportedly handling 1.6M+ daily transactions while average fees hover near ~$0.01, a claim traders should validate against Etherscan for L1 activity and L2Beat for rollup fees to distinguish Layer 1 from Layer 2 costs, source: the source; Etherscan; L2Beat. Post-Dencun (EIP-4844) introduced blob space that cut L2 data availability costs and enabled cent-level fees on major rollups, as documented by the Ethereum Foundation, source: Ethereum Foundation. OP Labs and the Arbitrum team publicly reported significant fee reductions on OP Mainnet and Arbitrum following EIP-4844 implementation, supporting lower L2 transaction costs, source: OP Labs; Arbitrum Foundation. For ETH valuation mechanics, higher L1 utilization increases base fees and EIP-1559 burn, impacting net issuance that can be tracked on Ultrasound Money, source: Ethereum.org (EIP-1559); Ultrasound Money. Trading checklist: confirm L1 daily transactions and gas via Etherscan, check L2 fee and throughput trends via L2Beat, and compare DEX volumes on L2s via Dune Analytics to assess whether low-fee activity is sustainable, source: Etherscan; L2Beat; Dune Analytics.

According to Justin Sun, the term 'ultrasound money' suggests a strong and stable financial position, potentially indicating confidence in the cryptocurrency market or specific assets.