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Ethereum fee burns cover only 3.2% of new ETH issuance, challenging its deflationary outlook.

Protocol Fundamentals
12 Nov 2026, 14:39 WIB
Tokenpost
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Neutral
Ethereum fee burns cover only 3.2% of new ETH issuance, challenging its deflationary outlook.

Ethereum's recent fee burns offset just about 3.2% of new ETH issuance, meaning the supply continues to grow rather than shrink. Vitalik Buterin, Ethereum's co-founder, argues that fee burns are too volatile to reliably support Ether's valuation and warns against pushing fees higher to increase burns, as this could harm Ethereum's decentralization and development. While fee burns have destroyed significant ETH amounts, they remain a small fraction compared to total supply, and Ethereum's value also depends on factors like decentralization and security. The network has no fixed supply cap, and future protocol changes could alter issuance rules, making Ether's monetary value complex to measure beyond just fee burns.

As of Nov 12, 2026 20:03 WIB, Ethereum trades at Rp36.618.310 on Pluang, with a market cap of Rp4.508,19 trillion and a 1-day decline of 1.32%. Despite ongoing fee burns, the circulating supply remains at 122.2 million ETH, reflecting the continued growth in supply rather than a reduction. Pluang users show a buying preference with 68% buy orders and a typical hold time of 109 days.

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