Ethereum creator Vitalik Buterin said the network should promote ETH as a store of value rather than rely on fee burning to support its value. This is his proposed direction, not an announced change to Ethereum. He argued that optimizing for fee burning could weaken decentralization and resistance to capture, and that Ethereum’s focus on stability, privacy and security could be more valuable in an era of AI disruption.
The article says falling fees have weakened the fee-burning case: median transaction fees fell from 35 cents in January to 3.5 cents in October, while daily transactions rose by more than half. It does not give a calendar date for Buterin’s comments.
