This is wrong dapps subject to exemption only account for a tiny fraction of on-chain volume, from dfunk’s thread:
" In a nutshull,
- ~97% of the burn tax comes from Send Transactions (MsgSend, MsgMultiSend, MsgSwapSend) - particularly MsgSend transactions,
- while only ~3% of the burn tax comes from Contract Executions (MsgExecuteContract, MsgExecute, MsgInstantiateContract) - particularly MsgExecuteContract transactions."
[Proposal] Exclude Smart Contraction Transactions from the scope of Burn Tax.