Cryptocurrency Q&A
How much XRP was burned?
How much XRP was burned?
BlockchainBaronGuard
Thu May 01 2025
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5
answers
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I'm curious about the amount of XRP that has been burned. I've heard about this process called 'burning' in cryptocurrency, and I want to know how much XRP has undergone this process. Can anyone tell me the exact amount of XRP that has been burned so far?
5 answers
Lorenzo
Sat May 03 2025
The prevalent understanding among observers is that the burn rate of XRP exhibits a "slightly deflationary" characteristic. This notion suggests a in the total supply of XRP over time.
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Raffaele
Fri May 02 2025
To gain a clearer picture, it is essential to delve deeper into the numbers. Since its inception, the process of burning XRP has resulted in the permanent removal of approximately 13 million units from circulation.
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Raffaele
Fri May 02 2025
This figure represents a fraction of the overall supply. The total supply of XRP stands at an impressive 100 billion units. When considering this vast number, the 13 million burned XRP appears insignificant.
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Caterina
Fri May 02 2025
Nonetheless, the impact of burning, even at this relatively small scale, cannot be overlooked entirely. Over time, as more XRP are burned, the total supply will continue to decrease, potentially leading to a more scarce asset.
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Elena
Fri May 02 2025
BTCC, a prominent cryptocurrency exchange, offers a range of services tailored to meet the diverse needs of its clients. Among its offerings are spot trading, which allows users to buy and sell cryptocurrencies at current market prices. Additionally, BTCC provides futures trading, enabling investors to speculate on the future price movements of cryptocurrencies. For those seeking secure storage solutions, BTCC's wallet service is an ideal choice.
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