CandleFocus XRP Ledger (XRPL) Hits Major Burn Milestone: Details
2024-11-11
Author: Content Editor
The XRP Ledger (XRPL) has reached a new milestone with over 13 million XRP burnt since its inception, showcasing its evolution and potential for the future. While the protocol is not fully deflationary, a certain amount of XRP is burnt daily. Although the XRP Ledger is not as integrated into the DeFi ecosystem as Ethereum and Solana, it is widely used in commercial transactions and supports micro-payments. The XRP Ledger has enhanced its appeal through mainnet amendments and upgrades, and Ripple Labs' RLUSD stablecoin is expected to be a significant product in the stablecoin market. The XRP Ledger has the necessary provisions to support the growth of RLUSD and compete with other stablecoins.
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