XRP Burn Rate Jumps 627% as XRPL Records Highest Daily Fee Burn in a Month
XRP Ledger recorded a substantial increase in transaction fee burns, with daily activity pushing the total above 1,800 XRP. According to blockchain explorer XRPScan, the network burned 1,821.11 XRP on November 3, marking its highest daily total in one month. The figure represents a 627% increase from October 4, when transaction fees removed just 250.37 XRP from circulation. This development comes amid broader cryptocurrency market volatility, with growing network activity offering another measure of XRP Ledger participation.