In a recent analysis shared on X, XRP enthusiast and YouTuber Moon Lambo provided insights into the time it would take to completely burn the total supply of 100 billion XRP. The publication provides the following information: the findings reveal that even under the most favorable conditions for burning, the process would span an astonishingly long timeframe.
Visual Breakdown of XRP Transaction Scenarios
The visual breakdown presented by Moon Lambo highlights various transaction and fee scenarios, demonstrating that the complete depletion of XRP through transaction fees could take anywhere from thousands to millions of years. In the baseline scenario, with a transaction speed of 10 transactions per second (TPS) and a fee of 10 drops, the estimated burn rate stands at 864 XRP per day. This translates to an eye-watering 317 million years to eliminate the entire supply of XRP from circulation.
Impact of Increased Transaction Speed
Even with a significant increase to 100 TPS, the timeframe for burning all XRP would only decrease to approximately 31 million years. Community member NomadXRP weighed in on the discussion, stressing the importance of distinguishing between token burning and market supply dynamics. They cautioned investors against relying on the slow burn rate as a strategy for price appreciation, highlighting the complexities of the cryptocurrency market.
Ripple has recently launched an EVM sidechain on the XRP Ledger, enhancing its utility for developers and decentralized applications. This development contrasts with the lengthy burn rate of XRP discussed by Moon Lambo, highlighting the evolving landscape of blockchain technology. For more details, see EVM Sidechain.
