$XRP ’s circulating supply grew 5.5% year over year, creating dilution that fee burns come nowhere near offsetting, according to 21Shares. XRPL revenue fell 81.6% as stablecoin balances and institutional tokenization expanded on the network.
Key Takeaways
21Shares reported that XRP’s circulating supply grew 5.5% year over year through escrow releases.
The firm said XRPL revenue fell 81.6% year over year to $1.18 million.
RLUSD and tokenized funds are building an institutional base.
XRP Supply Dilution Outpaces Fee Burns
XRP’s circulating supply expanded through monthly escrow releases that exceeded the amount returned to escrow. Comparing XRP with other crypto payment assets, an Aug. 19 analysis from 21Shares stated: “One metric where XRP compares favorably is supply dilution. Circulating supply grew 5.5% year-on-year through escrow releases and re-locks, driven by approximately 272 million XRP added monthly.”