Vitalik Points Out That ETH Burn Valuation Support Is Not a True Bottom, RWA Economy Provides Better Support

Vitalik posted on the X platform, stating that the valuation support from ETH burns is not a true bottom, as the burn revenue mainly comes from internal uses within the crypto ecosystem; if the ETH price drops significantly, the payment capacity for these uses will also decline. He pointed out that Ethereum has better external revenue support due to the growth of the RWA economy, but such mature businesses are unlikely to see situations where digital monkeys burn $180 million worth of ETH in a single day.

This content is provided for general informational purposes only and doesn't constitute financial, investment, legal, or tax advice. Any events, rewards, online promotions, or related information mentioned herein should not be considered a recommendation, solicitation, or invitation to purchase, sell, trade, or otherwise deal in any crypto assets. Crypto assets are highly volatile and may result in loss. The availability of WEEX services, products, and related events may vary by region. You are responsible for ensuring that your participation is in accordance with applicable local laws and regulations.