XRP Ledger Deflationary Milestone

XRP Ledger is nearing a significant deflationary milestone, with the total number of XRP burned approaching 14 million tokens. According to the latest count on the XRP Ledger explorer, XRPscan, the amount burned has reached an all-time high of 13,985,106.

While this figure is minor compared to XRP’s massive supply, it highlights XRP Ledger’s ongoing commitment to utility and network health.

Natural Burn Mechanism

Unlike traditional token burn mechanisms such as buybacks or community-led campaigns, XRP burns occur naturally via transaction fees on the XRP Ledger. Each transaction includes a small amount of XRP that is permanently destroyed, aiding in spam prevention and enhancing network efficiency.

Over time, this has led to the steady burning of XRP, with the total now approaching 14 million XRP.

Recent Developments

In the past week, following the XRPL Apex community event, a significant announcement was made: USDC is now live on the XRP Ledger. This development allows developers, institutions, and users to access the world’s largest regulated stablecoin for enterprise B2B payments and financial infrastructure applications.

Additionally, Ondo Finance’s flagship short-term U.S. Treasuries fund, OUSG, is now live on the XRP Ledger, marking a major milestone for tokenizing real-world assets. Minting and redemptions will utilize Ripple’s stablecoin, RLUSD.

As of this writing, XRP was trading at $2.19, following a week-long sell-off.