Ripple Has Burned $539M RLUSD in Last 30 Days, with 74% Destroyed on Ethereum
On-chain datashowsthat Ripple has burned up to $539 millionworth ofRLUSDinthe past 30 days, with most oftheseburns occurring on the Ethereum network. TheRipple stablecoin, RLUSD,has continued torecord. . .
On-chain datashowsthat Ripple has burned up to $539 millionworth ofRLUSDinthe past 30 days, with most oftheseburns occurring on the Ethereum network. TheRipple stablecoin, RLUSD,has continued torecord impressive growthsince its launch in December 2024. Interestingly, recent developments suggest Ripple may be pivoting more toward the XRP Ledger while reducing thestablecoin’s supplyon Ethereum. Ripple Burns 539M RLUSD in 30 DaysAccording to datasourced bya community-driven RLUSD tracker developed by validator Vet, Ripple has burned $539 million in RLUSD since May 23, 2026, with burns outpacing mints by more than $129 millionwithinthis period. Total RLUSD Supply ChangeNotably, most of these burns occurredfromearlytomid-June immediately after a significant $127 million mint on June 1. Specifically, from June 2, Ripple went on an RLUSD burning spree that lasted until June 12, representing nine consecutive days of intraday burns, the longest intraday burn streak since the December 2024 launch. It bears mentioning that these days also saw mints, but burns overshadowed them, leading to negative supply changes. During this period,Rippleburned $226 millionworth ofRLUSD tokens, with the largest single-day incinerationinvolving$75. 1 million on June 3. This day saw a net supply change of -$58. 3 million for RLUSD, as the payments company minted $16. 8 million. The second-largest single-day burn involved $67. 1 million on June 4. After the June 2 to 12 spree, intraday activities alternated between net positive and negative supply changes. Before now, Ripple had already burned 196. 6 million RLUSD from May 27 to 29. These large transactions contributed to the $539. 3 million figure for the past month. A Pivot from Ethereum to XRPLInterestingly, most of these large burns occurred on the Ethereum network in what appears to be a gradual pivot toward theXRP Ledger. Of the $539. 3 million burned in the last 30 days, Ethereum accounted for $403. 7 million, representinga74. 8%share. This is because the burn spree from June 2 to 12 largely played out in Ethereum, with the network seeing $75. 1 million and $64. 1 million in burns on June 3 and 4 alone. RLUSD Supply Change on EthereumWhile Ethereum recorded large burns, mint transactions did little to replenish the RLUSD supply on the network. Specifically, Ripple only minted $182. 8 million on Ethereum. This led to a net RLUSD supplychangeof $220. 9 million over a 30-daytimeframe. In contrast, theXRPLedgeronly witnessed$135. 6 million in RLUSD burns, with a single-day high of $114 million contributing tothis. Interestingly, over the past 30 days, the XRPL hasonly witnessed sevenintraday burns, accounting for just 25% of the total burn volume. RLUSD Supply Change on XRP LedgerHowever, most of the mintswithinthe last 30 days occurred on the XRPL, whichsaw$227. 9 million of thetotal$410. 7 million minted during this period, despitethe $200 million record mint transactionoccurring outside this window. Following the latest activities, RLUSD now boasts a market cap of $1. 63 million. Of this figure, the XRPL now hosts $776 million, representing a 47% share. Meanwhile, $857 millionresideson Ethereum, as the supply across both networks moves towardabalance. DisClamier:This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.