KEY POINTS
- Vitalik Buterin said ETH should be valued for stability rather than for the amount of fees it burns.
- In the first nine months of 2026, the burn offset about 2% of issuance while supply grew 0.64%.
- Ethlabs figures back the store-of-value framing, while Decrypt's newsletter notes Bitcoin already dominates that category.
Ethereum co-founder Vitalik Buterin used a series of posts on X on Sunday to argue that ETH should be valued as a store of value instead of a token whose worth comes from burning fees, according to Decrypt's Morning Minute newsletter.

