Vitalik: ETH burn valuation support is not the true bottom; RWA economy provides better external support

Odaily Planet Daily News: Vitalik posted on X platform stating that the valuation support from ETH burning is not a true bottom, as burning revenues mainly come from internal uses within the crypto ecosystem; if ETH price drops significantly, the payment capacity for these uses would also decline. Vitalik said Ethereum now benefits from better external revenue support due to RWA economic growth, but such mature businesses are unlikely to witness another scenario like digital monkeys destroying $180 million worth of ETH in a single day.