How Ethereum Burns ETH: Fees, Issuance and Why Supply Can Still Grow

Ethereum burns base fees and issues validator rewards. Worked examples explain net supply, blob fees, staking and why burn is not a price forecast. Ethereum destroys part of the ETH paid to use its network, but that does not mean the supply of Ether must fall. New ETH is also issued to reward validators. The balance between creation and destruction determines the change in supply over a period; neither a burn counter nor a staking yield tells the whole story. This is the distinction behind many claims that ETH is inflationary or deflationary.