XRP network burns 1,115 tokens in a day, highest rate in over two weeks

More than 1,114 XRP were permanently removed from circulation within a single day, according to data from XRPScan, signaling a recent surge in network activity. Data showed that 1,114.97 XRP were burned as transaction fees on October 23, representing a 27.5% increase from the previous day’s total of 874.27 XRP. This marked the highest daily burn rate recorded in more than two weeks. The spike comes after a period of subdued activity on the XRP Ledger, with the 30-day average standing at 808.1 XRP burned daily. The current surge in daily burn activity follows the largest spike this month, when more than 8,000 XRP were removed from supply on October 2.

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