Important update from the Ethereum community: the Foundation has initiated a validator vote to officially confirm that all ETH in the 0x00...dead wallet has been permanently destroyed. This move has a direct impact on the supply and economic model of ETH. The burn mechanism has always played a significant role in the Ethereum ecosystem, especially after the London upgrade's EIP-1559 design, which allows transaction fees to be burned, further supporting the token's deflationary expectations. Now, with the formal validator vote confirming the burn address, this enhances the community's transparency and credibility regarding burn data. For holders, such governance decisions reflect the maturity of the Ethereum ecosystem and also serve as a reminder for the market to pay attention to on-chain fund flows and long-term supply dynamics. ETH market participants need to closely monitor similar on-chain governance developments.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
11 Likes
Reward
11
5
Repost
Share
Comment
0/400
MetaNeighbor
· 12-17 20:01
Is the destruction confirmed? Now the supply is more stable, but to be honest, I'm more concerned about when it will drop to three digits haha
View OriginalReply0
AmateurDAOWatcher
· 12-17 20:00
Dead wallet confirmed destroyed? Now ETH's story is even more complete, and the deflationary expectation has stabilized again.
View OriginalReply0
WhaleWatcher
· 12-17 19:52
Confirmation of dead address destruction? This definitely seals the deflationary trend, and it seems ETH is serious about establishing long-term value support.
View OriginalReply0
RektRecovery
· 12-17 19:43
lol validators finally voting on what we already knew? classic security theater tbh... dead address has been dead, no surprise there. deflationary narrative selling well i guess, but let's see if this actually moves price or just more governance cosplay ngl
Reply0
ChainSauceMaster
· 12-17 19:38
Oh no, the ETH at the dead address is really gone... Now the total supply is finally settled.
The destruction issue should have been officially confirmed a long time ago, and now we no longer have to worry about its authenticity.
The deflationary expectation line won't break, right... It depends on how much subsequent fee destruction there will be.
Validator voting confirmation is like a reassurance for us; at least the data transparency is maintained.
I'm a bit curious about the current total amount destroyed and what percentage it accounts for in the circulating supply.
Important update from the Ethereum community: the Foundation has initiated a validator vote to officially confirm that all ETH in the 0x00...dead wallet has been permanently destroyed. This move has a direct impact on the supply and economic model of ETH. The burn mechanism has always played a significant role in the Ethereum ecosystem, especially after the London upgrade's EIP-1559 design, which allows transaction fees to be burned, further supporting the token's deflationary expectations. Now, with the formal validator vote confirming the burn address, this enhances the community's transparency and credibility regarding burn data. For holders, such governance decisions reflect the maturity of the Ethereum ecosystem and also serve as a reminder for the market to pay attention to on-chain fund flows and long-term supply dynamics. ETH market participants need to closely monitor similar on-chain governance developments.