That is not correct. Two glaring gaps in that concept... First, energy use is not tied to transactions. An empty block uses the same amount as a full block.

That is not correct. Two glaring gaps in that concept... First, energy use is not tied to transactions. An empty block uses the same amount as a full block. And second, the transaction count we’re discussing is the count of settled base layer transactions. This doesn’t include the majority of transactions of value: those that occur off chain or through second layer transactions. An infinite amount of off chain and L2 transactions only need a single on chain transaction to settle.