Ethereum's transaction fees have burned enough ETH to offset just 2.07% of the new coins issued in 2026. Supply is about 0.64% higher as a result. A larger gas limit after the Glamsterdam upgrade could lower the fee needed to balance issuance, but with unchanged issuance it would not change the total burn required.
Ethereum's transaction fees offset just 2.07% of the new coins issued in 2026, according to an Oct. 9 supply ledger. After fee burn, validator penalties and other destruction, the network has added approximately 778,413 ETH, lifting supply by about 0.64% from the window's opening level.
What the 2026 ledger shows
The ethsupply.fyi ledger covers Jan. 1 through Oct. 9. It reports 796,623.377 ETH of gross issuance against 16,524.553 ETH destroyed through execution and blob transaction fees.
Consensus penalties removed a further 1,685.919 ETH, with 0.059 ETH in other execution destruction. Subtracting these components leaves 778,412.846 ETH in net additions.
Counting all destruction, the offset reaches 2.286%. However, that figure includes penalties that do not represent customers paying for Ethereum activity, so treating it as transaction-fee demand would overstate how much issuance users have offset.
The same burn budget at two limits
An illustration using one finalized accounting sample shows how the gas limit matters. The execution base fee needed to offset gross issuance is about 13.85 gwei with today's 60 million gas limit, or 4.16 gwei with a hypothetical 200 million limit.
Both scenarios require roughly 2,992 ETH of daily burn under the model's assumptions. The larger limit lowers the required fee because the same ETH budget is divided across more consumed gas.
That holds only if consumed gas rises with the limit. If gas consumed stays unchanged when the maximum rises, the balancing fee does not fall.
Glamsterdam remains a capacity scenario
Developers pursue a conditional 200 million maximum gas goal after the Glamsterdam upgrade. The Ethereum Foundation's May 11 protocol update described 200 million gas as a credible post-Glamsterdam target.
Mainnet timing is still open. The Foundation's testnet announcement scheduled Sepolia for Oct. 6 while leaving Hoodi and mainnet activation dates undecided.
Changes to gas charged for execution and state growth also mean a gas unit may buy different work after the upgrade. The modeled limits therefore cannot be translated directly into proportionally more identical transactions, users or burned ETH.
A sustained shift toward shrinking supply would appear in consumed gas, execution base fees, blob burn and stake-dependent issuance together.
Source: CryptoSlate
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