Ethereum price is on the rise again and trades around $3,400.1 as of 11 AM on January 24, 2025, but a new proposal from Vitalik Buterin could significantly impact its future trajectory. The co-founder’s recent proposal for accelerating Ethereum’s scalability — targeting 100,000 transactions per second (TPS) — has the ability to potentially reshape ETH’s tokenomics. This vision proposes scaling upgrades and Ethereum’s burn mechanism, which could remove 713,000 ETH annually from circulation, according to Buterin’s estimates. Let’s explore how this could impact Ethereum’s future and short-term impact on the price.
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