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Vitalik Buterin says ETH burn valuation support is not a true floor

NewsFeeds update

Vitalik Buterin says valuation support from ETH burning is not a real floor, because burn revenue comes mainly from uses inside the crypto ecosystem that weaken if the price falls sharply. He says real-world asset growth now gives Ethereum better external revenue support.

EthereumOdailyAIBearish

Read the original on Odaily

The story so far: Vitalik Buterin on ETH fee burn and store of value

Vitalik Buterin said ETH's store-of-value role matters more than fee burning, arguing EIP-1559's burn should stay even if it runs below 10% of break-even. He now says survival is the top metric if ETH is held mainly as a store of value. DeFi researcher Ignas says the shift should not come at the cost of L1 fee revenue.

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  1. Vitalik Buterin says ETH's store-of-value role matters more than fee burning

  2. Vitalik Buterin says ETH burn valuation support is not a true floor

  3. Vitalik Buterin says fee-burn focus may need heavy-handed governance and lift gas prices

  4. Vitalik Buterin says survival is the top metric for ETH as a store of value

  5. Ignas questions Vitalik's ETH store-of-value push over lost L1 fee revenue

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    EthereumPANewsAINeutral

  2. Whale buys 10,000 ETH at $2,155 after price falls, Yu Jin says

    EthereumOdailyAIBullish

  3. Address borrows $22m in USDT on Aave to buy 10,000 ETH as price falls

    EthereumOdailyAIBullish

Every Ethereum update on NewsFeeds

Every update is a short rewrite, by AI in our own words, of a flash from the outlet named on it, credited and linked. Updates are joined into one story by AI; our editors can change a story’s name or take an update out. Not investment advice.