ETH fee burns cover just 2% of new coins printed in 2026
Summary
Ethereum’s supply grew by about 778,413 ETH, or 0.64%, from Jan. 1 through Oct. 9, 2026. Execution and blob fee burns offset only 2.07% of gross issuance; including validator penalties and other destruction raises the offset to 2.29%. A modeled daily burn of roughly 2,992 ETH would match issuance at current issuance rates, requiring an execution base fee near 13.85 gwei at a 60 million gas limit or 4.16 gwei at a hypothetical 200 million limit. The lower threshold assumes gas consumption rises with capacity; unused capacity does not burn ETH. Ethereum’s 200 million gas goal is conditional on the Glamsterdam upgrade, and its mainnet date remains unconfirmed.
