XRP Ledger Sees Unprecedented Spike in Fees Burned
Recent data from the XRP Ledger highlights a significant rise in the amount of XRP permanently removed from circulation through transaction fees. In one recent period alone, 771.7 XRP was burned as fees, marking an 84.3% increase compared to previous periods. This number indicates that transaction fees on the XRP Ledger are not passed on to validators but are instead incinerated, leading to a slight yet noteworthy decrease in total supply.