Analysis: Current burn rate would take 480,000 years to reduce XRP supply to 500M

At the current burn rate on the XRP Ledger (XRPL), it would take hundreds of thousands of years to reduce the XRP supply to 500 million, according to an analysis by The Crypto Basic. The report notes that the total supply of XRP is approximately 99.98 billion, with 32.74 billion held in escrow and 67.22 billion in circulation. The XRPL currently burns an average of 373 XRP per day, amounting to about 138,000 XRP annually. Based on these figures, reducing the circulating supply from 67.22 billion to 500 million would require burning 66.72 billion XRP, a process calculated to take approximately 480,000 years. To decrease the total supply from 99.98 billion to 500 million would take an estimated 720,000 years. Since its launch in 2012, the XRPL has employed a mechanism to permanently burn a portion of transaction fees. Over the past 14 years, approximately 14.3 million XRP, valued at around $15.59 million at current prices, has been burned.