XRP Burn Rate Plummets to Near Zero Amid Low Transaction Activity

XRP's burn mechanism, which manages long-term supply, is experiencing a significant decline. Recent data shows daily burns have nearly stopped, with figures now between 400 to 750 XRP per day, compared to thousands earlier this year. This indicates reduced transaction volumes on the XRP Ledger.

Burn activity has been negligible in August and September.
In December 2024, burns surged to over 15,000 coins per day during high network activity.
Current burn rates are minimal compared to XRP's supply of over 60 billion.
The decrease reflects lower transaction levels on the XRP Ledger.

Despite this, XRP's price recently hit an all-time high of $3.65 in July but has since decreased by over 20%. Currently, it trades at $2.88, showing a 2.2% rebound in the past 24 hours.

XRP