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Does Burning Guarantee a Net Deflationary State for Ethereum?

No, burning does not guarantee a net deflationary state. Deflation only occurs if the amount of Ether burned from transaction fees exceeds the amount of new Ether issued to stakers as rewards within the same period.

If network usage is low, issuance will outpace burning, and the supply will remain inflationary.

How Does EIP-1559 Impact Ethereum’s Supply and Inflation Rate?
How Does the “Burning” of the Base Fee in EIP-1559 Create Deflationary Pressure on ETH?
What Is the Difference between a ‘Priority Fee’ and a ‘Base Fee’?
How Does EIP-1559 Relate to Ethereum’s Supply and Deflationary Mechanism?