Every time a transaction is processed on the XRP Ledger, the fee amount is irrevocably destroyed. The burned XRP is never re-created, gradually reducing the total supply from the original 100 billion XRP.

Since XRPL launched in June 2012, over 14.3 million XRP have been burned through transaction fees. While this is only 0.014% of the total supply, the burn rate accelerates as XRPL adoption grows.

The Economics of XRP Fee Burning

The fee burn mechanism creates several economic effects on the XRP ecosystem:

• 14.3+ million XRP burned since 2012 launch
• Burn rate increases with XRPL transaction volume
• No validators profit from fees — network stays neutral
• Mild deflation as supply decreases over time

With XRPL now processing 2.7 million transactions per day — a 12-month high as of 2026 — the daily burn rate is approaching 27 XRP. As tokenized real-world assets and DeFi activity grow, this burn rate is expected to accelerate.