XRP’s burn rate has seen a sharp 41% drop in just 24 hours, signaling a significant decline in network activity. Data from XRPScan shows that XRP burned as transaction fees fell from 3,323 on June 2 to 1,930 on June 3.
This slowdown reflects a broader decline in the XRP Ledger’s activity. Payment transactions have dropped to 320,747—the lowest since October—well below the March to May average of over one million daily transfers.
The decline in burned XRP also coincides with a slowdown in new account creation. While account creation requires a 1 XRP deposit (reclaimable upon deletion), overall account growth has stagnated. Despite this, the total XRP burned to date stands at 13.9 million.
Interestingly, this downturn comes after a strong Q1. According to Messari, XRP payment transactions rose 36% quarter-over-quarter, while active addresses surged by 142%. Daily transaction volume also increased 13%, reaching 2.04 million, and nearly 8 million NFTs were minted using the XLS-20 standard.
Meanwhile, regulatory progress continues. Ripple’s USD-backed stablecoin (RLUSD) was recently approved by the Dubai Financial Services Authority for use in the Dubai International Financial Centre (DIFC).
All eyes now turn to the upcoming XRP Ledger Apex 2025 event in Singapore (June 10–12), where major updates are expected.
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