XRP Ledger Approaches 14 Million Tokens Burned as On-Chain Activity Strengthens

XRP Ledger is nearing a key deflationary benchmark, with nearly 14 million XRP permanently removed from circulation through transaction fees. The latest figure, recorded on XRPscan, shows 13,985,106 XRP burned since the network’s inception.

Instead of relying on manual burn initiatives, XRP Ledger uses a built-in mechanism that permanently removes a fraction of XRP with each transaction. This process ensures transparency, unlike a manual burning campaign or token buybacks, which encourage spam on the network.

Recent events concerning the ecosystem still drive the network’s usage. The end of the XRPL event called Apex, the annual gathering of the XRP community, was not an exception because it was wrapped up with significant announcements that can presumably elevate transaction volumes on the chain.

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Stablecoins and Tokenized Assets Strengthen XRPL Utility

One of the major updates revealed during the event was the launch of native USDC on the XRP Ledger. This integration allows developers, enterprises, and financial institutions to access the world’s largest regulated stablecoin directly from XRPL.

Besides increased liquidity, the addition of USDC brings new possibilities for enterprise payments and financial infrastructure applications built on the network. The move is expected to drive further utility across XRP-based platforms.

Another notable milestone came with the introduction of Ondo Finance’s OUSG, a short-term U.S. Treasuries fund now available on XRPL. This is a big milestone towards the growth of tokenized real-world assets in the ecosystem.

Traditional financial products may be minted and redeemed as OUSG with the help of Ripple’s stablecoin RLUSD, providing a convenient on-chain experience to users. This upgrade also strengthens XRPL’s role as a multi-asset financial ledger.

On the one hand, the approaching 14 million burned XRP is a guide to continuous involvement and the swell health of the on-chain adoption. In comparison to the total supply of XRP, the total number of burns is not significant but can be seen as a steady increase in actual use.

Conclusion

The XRP Ledger continues to evolve through steady technical improvements and strategic integrations. With nearly 14 million XRP burned through routine activity, the network demonstrates active participation and sustained growth.

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