XRP Ledger is about to reach a critical deflationary milestone, with the total number of XRPs already approaching 14 million tokens. According to the latest count in XRP Ledger Explorer, XRPSCAN, XRP Burned, reached an all-time high of 13,985,106.
This figure is minor compared to the large supply of XRP, but represents a key marker of XRP ledger utility and continued commitment to network health.
Unlike traditional token burn mechanisms such as buybacks and community-driven campaigns, XRP Burns is naturally generated through XRP ledger transaction fees. Each transaction has a small amount of XRP permanently destroyed to help prevent spam and network efficiency.
Over time, this has led to a stable combustion of the XRP, bringing the current total to close to 14 million XRP.
XRP ledger development
Last week, after the XRP Major Community event was over, Xrplapex saw a new announcement for the XRP ledger. In one of them, it was announced that USDC is currently live on the XRP ledger.
The launch of Native USDC in XRPL allows developers, institutions and users to access the world’s largest regulated stubcoin for enterprise B2B payments and financial infrastructure apps.
Ousg, the flagship short-term US financial fund of Ondo Finance, currently lives in XRPL, marking a significant milestone in the tokenized real-world assets of the XRP ledger. Casting and redemption is carried out through RIPPLE’s Stablecoin, RLUSD.
XRP is trading at $2.19 at the time of this writing, following a week’s sale.