The XRP Ledger (XRPL) has reached a groundbreaking achievement, with 13 million XRP tokens permanently burned and 92 million ledgers successfully closed. This milestone underscores the network's efficiency, scalability, and deflationary tokenomics.
Key Highlights of the XRPL Milestone
- 13,009,742.65 XRP burned through transaction fees
- 92 million ledgers closed, demonstrating network resilience
- 17.29 TPS throughput with 3.88-second average ledger close time
- 160,000+ payments processed and 483 new accounts created
Deflationary Mechanism Driving Scarcity
The XRPL employs a unique burn mechanism where:
- Each transaction incurs a minimal fee (currently ~0.00001 XRP)
- These fees are permanently removed from circulation
- Creates gradual scarcity while preventing spam attacks
👉 Discover how XRP's burn rate compares to other major cryptocurrencies
Technical Advancements on the XRPL
Recent network statistics reveal:
- Enterprise-grade performance: Ideal for cross-border payments and DeFi
- Growing adoption: 160K+ payments reflect real-world utility
- Stablecoin readiness: Positions RLUSD (Ripple's upcoming stablecoin) for success
Speed and Efficiency Metrics
| Metric | XRPL Performance | Industry Average |
|---|---|---|
| Transactions Per Second | 17.29 TPS | 5-7 TPS (BTC/ETH) |
| Ledger Close Time | 3.88 seconds | 10+ minutes (BTC) |
| Transaction Cost | $0.0002 | $1-$50 (ETH/BTC) |
Future Outlook for XRP and XRPL
Market analysts predict significant growth potential due to:
- Increasing institutional adoption
- Expanding use cases in debt tokenization
- Potential to alleviate global liquidity challenges
👉 Learn about XRP's role in solving liquidity crises
Frequently Asked Questions
How does XRP burning affect its price?
The burn mechanism gradually reduces supply, potentially increasing scarcity and value over time—similar to Bitcoin's halving events but with continuous micro-adjustments.
What makes XRPL faster than other blockchains?
XRPL uses a unique consensus protocol (not PoW/PoS) that validates transactions in seconds without compromising decentralization for enterprise use cases.
Can burned XRP be recovered?
No—burned XRP is permanently removed from circulation through cryptographic verification, making the process irreversible.
How many XRP remain in circulation?
With 13M burned and 54B initially created, approximately 99.97% of the original supply remains—but the burn rate accelerates with network usage.
Is XRPL suitable for DeFi projects?
Yes—its speed, low costs, and built-in tokenization features make it ideal for decentralized finance applications compared to slower, more expensive networks.
What's next for XRP adoption?
Major developments include:
- Central bank digital currency (CBDC) integrations
- Institutional payment corridors
- Ripple stablecoin (RLUSD) launch
Conclusion
This milestone solidifies XRPL's position as a high-performance blockchain solution, combining speed, efficiency, and sustainable tokenomics. As adoption grows, the deflationary burn mechanism may create long-term value for XRP holders while supporting global financial innovation.
Disclaimer: This content is for informational purposes only and should not be considered financial advice. Always conduct independent research before making investment decisions.