XRP network burns 1,115 tokens in a day, highest rate in over two weeks

More than 1,114 XRP were permanently removed from circulation within a single day, according to data from XRPScan, signaling a recent surge in network activity. Data showed that 1,114.97 XRP were burned as transaction fees on October 23, representing a 27.5% increase from the previous day’s total of 874.27 XRP. This marked the highest daily burn rate recorded in more than two weeks. The spike comes after a period of subdued activity on the XRP Ledger, with the 30-day average standing at 808.1 XRP burned daily.

Source: CoinTurk News