XRP burn rate jumps 147% as 'Uptober' ends with price down nearly 16%
In brief
- XRP's burn rate rose 147% toward October's end, per U.Today, which did not state a baseline.
- 1,644 XRP burned as fees on October 30, according to XRPScan data.
- Total XRP burned to date stands at 14,423,678, or 0.014% of supply.
- XRP was down 15.86% for October with hours left, after gains in August and September.
- XRP Ledger stablecoins rose 25.2% to $1.03 billion, according to Q3 2026 highlights.
How XRP burns work
U.Today describes burns as the XRP Ledger's deflationary mechanism, and the mechanics are simple. Every transaction on the ledger requires a fee paid in XRP, and that fee is burned automatically. Small amounts of XRP leave circulation permanently each time the network processes a transaction.
The cumulative total is still small.
A total of 14,423,678 XRP has been burned to date, according to XRPScan figures reported by U.Today, which works out to 0.014% of total supply. The outlet didn't say what period the 147% jump was measured against, so it's a snapshot of on-chain fee activity (not a comparison anyone can check against a stated baseline).
'Uptober' didn't show up
October gets called "Uptober" in crypto circles because of its historical track record. This year, major cryptocurrencies were down for the month, and XRP was one of them.
XRP was down 15.86% with a few hours left in October, per U.Today, after closing August up 30.11% and September up 7.91%. Those October figures were captured before the month closed. U.Today said concerns both inside and outside the crypto market weighed on prices.
Q3 2026 numbers from the XRP account
Q3 looked better on the ledger itself. The official XRP account on X shared Q3 2026 highlights, as cited by U.Today. Stablecoins on the XRP Ledger rose 25.2% to $1.03 billion, and global net inflows into XRP ETPs climbed 39.6% to $355.3 million.
Payment volume rose 4.3% to 42.82 billion XRP. Native DEX volume rose 20.2% to $614.8 million. Distributed tokenized real-world asset (RWA) value jumped 29.2% to $498.7 million, which U.Today linked to a tokenized fund Aviva's investors launched with BNY Mellon.
They're quarterly figures, and they don't cover October. The burn data is ledger activity, and that's all it is here.
Frequently asked questions
How does the XRP burn mechanism work?
Every transaction on the XRP Ledger requires a fee paid in XRP, and that fee is burned automatically. U.Today describes this as the ledger's deflationary mechanism, which permanently removes small amounts of XRP from circulation each time the network processes a transaction.
How much XRP has been burned so far?
A total of 14,423,678 XRP has been burned to date, according to XRPScan figures reported by U.Today. That's 0.014% of XRP's total supply. On October 30 alone, 1,644 XRP was burned as fees.
How did XRP perform in October 2026?
With a few hours left in October, XRP was down 15.86% for the month, per U.Today, and on track for its first losing month since July. It had closed August up 30.11% and September up 7.91%.
