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If half of ETH is staked, does the issuance supply go to zero directly? Could this proposal rewrite Ethereum’s valuation logic?
ETH may be heading for the harshest “halving” in history—not a halving, but a straight-up zeroing.
On August 4, six authors, including Justin Drake, a researcher at the Ethereum Foundation, jointly submitted a draft EIP-8361. The proposal introduces a dynamic burning mechanism: as the staking ratio rises, more validator rewards are gradually destroyed. When the staked amount reaches about 60.25 million ETH (50% of the total supply), the burn rate increases to 100%—so net issuance becomes zero.
What does it mean?
✅ Circulating supply can only decrease, never increase—scarcity narratives are fully amplified
✅ Staking rewards are reshaped, strengthening institutional lock-up incentives
✅ ETH shifts from an “inflationary asset” to a real “digital gold” candidate
At present, the network-wide staking ratio has hit a historical high of 34.4%. There’s still distance from the “zero point,” but the direction is already clear. Separately, about 2.5 million ETH are queued awaiting activation, with waiting times exceeding six weeks.
And interestingly, Arthur Hayes is also calling the trade: by end of 2026, his ETH target price is $5,000—2.6 times higher than the current price. He believes that in the tokenization-of-everything era, all RWA chains must use Ethereum as the settlement layer.
On one side, a new proposal burns coins; on the other, a big-name is issuing price targets. Is this ETH storyline just too perfect—or is it perfect enough to be worrying?
Do you believe in this “zeroing” narrative? Let’s discuss in the comments: does ETH really have a future? #Alphabet拟发行250亿美元债券 #SpaceX市值达1.613万亿美元超越Meta #SK海力士拟191万亿韩元投建M17工厂
If half of ETH is staked, does the issuance supply go to zero directly? Could this proposal rewrite Ethereum’s valuation logic?
ETH may be heading for the harshest “halving” in history—not a halving, but a straight-up zeroing.
On August 4, six authors, including Justin Drake, a researcher at the Ethereum Foundation, jointly submitted a draft EIP-8361. The proposal introduces a dynamic burning mechanism: as the staking ratio rises, more validator rewards are gradually destroyed. When the staked amount reaches about 60.25 million ETH (50% of the total supply), the burn rate increases to 100%—so net issuance becomes zero.
What does it mean?
✅ Circulating supply can only decrease, never increase—scarcity narratives are fully amplified
✅ Staking rewards are reshaped, strengthening institutional lock-up incentives
✅ ETH shifts from an “inflationary asset” to a real “digital gold” candidate
At present, the network-wide staking ratio has hit a historical high of 34.4%. There’s still distance from the “zero point,” but the direction is already clear. Separately, about 2.5 million ETH are queued awaiting activation, with waiting times exceeding six weeks.
And interestingly, Arthur Hayes is also calling the trade: by end of 2026, his ETH target price is $5,000—2.6 times higher than the current price. He believes that in the tokenization-of-everything era, all RWA chains must use Ethereum as the settlement layer.
On one side, a new proposal burns coins; on the other, a big-name is issuing price targets. Is this ETH storyline just too perfect—or is it perfect enough to be worrying?
Do you believe in this “zeroing” narrative? Let’s discuss in the comments: does ETH really have a future? #Alphabet拟发行250亿美元债券 #SpaceX市值达1.613万亿美元超越Meta #SK海力士拟191万亿韩元投建M17工厂