XRP’s Deflationary Mechanism: Over 13 Million Tokens Destroyed

Ripple’s XRP token operates with a unique deflationary mechanism, permanently removing tokens from circulation through transaction fees. Over 13.9 million XRP have already been burned, representing over $30 million in value. This sustained burning strategy is contributing to the asset’s growing scarcity and is seen as an advantage by many within the XRP community. 3-4 thousand XRP are destroyed daily on average, according to Cobb (@Cobb_XRPL), a prominent voice in the XRP community. The potential long-term consequences of this deflationary approach remain a topic of discussion, with some speculating that continued burn could lead to a completely depleted supply as volume increases.