The XRP Ledger is close to reaching a key deflationary milestone, with nearly 14 million XRP tokens burned to date. According to data from XRPscan, the total burned XRP stands at 13,985,106.
Though small compared to the overall XRP supply, this milestone highlights the ledger’s ongoing focus on utility and network sustainability. Unlike typical token burns driven by buybacks or community efforts, XRP burns occur automatically through transaction fees. Each transaction permanently destroys a small amount of XRP, helping prevent spam and improve network efficiency.
This mechanism steadily accumulates burned tokens over time, pushing the total close to 14 million.
Recent developments on the XRP Ledger include several announcements at the XRPLApex community event. Notably, USDC is now live natively on the ledger, providing developers, enterprises, and users access to the largest regulated stablecoin for B2B payments and financial applications.
Additionally, Ondo Finance launched its short-term U.S. Treasuries fund, OUSG, on the XRP Ledger. This marks an important step for tokenized real-world assets, with minting and redemptions handled via Ripple’s RLUSD stablecoin.
At the time of reporting, XRP was trading at $2.19 following a week of price declines.