The XRP Ledger recorded its highest daily transaction fee burn in a month on November 3, permanently removing 1,821.11 XRP from circulation, according to blockchain explorer XRPScan.
The figure marks a 627% increase from October 4, when only 250.37 XRP were burned, and it exceeded the 30-day average of 773.4 XRP by approximately 135.5%. Compared with November 2, the daily burn climbed 38.5%.
The XRP Ledger permanently destroys transaction fees rather than distributing them to validators, so higher transaction activity directly increases the amount of XRP removed from total supply. The latest spike has renewed interest in XRP's supply dynamics, although the total burned amount remains small relative to the overall supply.
Market participants are watching network activity for signs of improving sentiment, but analysts caution that fee burn data alone cannot establish sustained bullish momentum because market demand and trading conditions also influence prices.
