Joseph Young: $12 billion ETH burn fuels Ethereum deflationary path

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Daria Chernytska

29.11.2025

Joseph Young: $12 billion ETH burn fuels Ethereum deflationary path — @iamjosephyoung: $12 billion ETH burn milestone

Joseph Young highlighted a significant milestone for Ethereum, noting that $12 billion worth of ETH has been burned since EIP-1559 implementation.

This burn milestone was achieved without what Young terms 'proper blob economics,' hinting at future developments that could further affect Ethereum's deflationary trajectory.

The introduction of EIP-7918, or 'fusaka,' is expected to adjust the blob fee floor next week, potentially transforming Ethereum's economic landscape as blob space is repriced.

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The impending adjustments brought by EIP-7918 underscore Ethereum’s continued evolution amid shifting network dynamics. This development aligns with broader patterns identified in the ongoing deflationary trend as Layer 2 activity accelerates. Simultaneously, Ethereum's ability to sustain long-term growth, despite mounting pressures, remains a recurring theme in Young’s analysis, reflecting his perspective on the platform’s enduring long-term vision for success.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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