Growth
XRP Network Activity Surges with Increased Fees Burned
Onchain data from XRPScan shows that XRP has recorded the highest number of XRP burned as fees in the last month, marking a major rebound in network activity. Transaction fees burned on the XRP Ledger increased from 250.37 XRP on October 4 to 1,821.11 XRP on November 3, signaling renewed bullish sentiment and potential recovery for XRP. The surge in burn rate has also been accompanied by daily increases, with over 1,821 XRP burned on November 3, marking a 38.5% increase from the previous day and more than double the 30-day average of 773.4 XRP.