Vitalik: ETH Burn-Based Valuation Support Is Not a True Floor; RWA Economy Provides Better External Support

Odaily reports: Vitalik posted on X that the valuation support derived from ETH burning is not a true floor, because burn revenue mainly comes from uses within the crypto ecosystem; if the ETH price falls sharply, the willingness to pay for these uses will decline accordingly. Vitalik stated that Ethereum now has better external revenue support due to the growth of the RWA economy, but such mature business is unlikely to see a repeat of the scenario where digital monkeys burned $180 million worth of ETH in a single day.