ETH burning fails to create a value floor… Buterin emphasizes external revenue from RWA

Vitalik Buterin said on X that Ethereum’s ETH burn mechanism does not establish a true price floor because burn revenue depends mainly on demand from within the crypto ecosystem, which can weaken when ETH prices fall sharply. He argued that a maturing real-world asset (RWA) tokenization economy would give Ethereum a stronger external revenue base, citing the earlier “digital monkey” NFT era when as much as $180 million worth of ETH was burned in a single day. The comments matter because they reframe ETH’s value case around fee-generating RWA activity rather than supply reduction alone. Watch for growth in tokenized real-world assets on Ethereum and whether that activity translates into sustained ETH burn and fee revenue.