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Vitalik Buterin redefines Ethereum as a store of value, not a fee-burning token, shifting ecosystem focus.

Protocol Fundamentals
08 Nov 2026, 18:51 WIB
UToday
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Neutral
Vitalik Buterin redefines Ethereum as a store of value, not a fee-burning token, shifting ecosystem focus.

Ethereum co-founder Vitalik Buterin declared that Ethereum (ETH) should be viewed primarily as a store of value rather than a fee-burning token. This shift comes amid technical challenges and debates over the network's revenue and fee mechanisms, including a halted hard fork due to a bug. Buterin emphasized that focusing on gas fees and token burning is a dead end and that Ethereum's true value lies in its security, censorship resistance, and open-source nature. This new vision may influence future network upgrades and ecosystem development, moving away from deflationary tokenomics toward long-term stability.

As of Nov 09, 2026 00:02 WIB, Ethereum (ETH) trades at Rp40.321.163 on Pluang, showing a slight decline of 0.18% over the past day. The platform records a market cap of Rp4.946,05 trillion and a 24-hour trading volume of Rp61,52 trillion, with 64% of order activity leaning towards buying. This trading activity highlights ongoing investor interest despite recent debates about Ethereum's tokenomics and network upgrades.

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