@fat_belly_zaddy@conchofarmer@IIICapital According to Ripple's CTO David Schwartz, every transaction conducted, whether it involves XRP or other assets like RLUSD, incurs a nominal fee, usually around 0.00001 XRP, which gets burned
That’s a lot of transactions that need to happen to burn 1 XRP
@conchofarmer@IIICapital No, XRP does not burn a portion of its supply with every transaction. The XRP Ledger operates on a fee mechanism where transaction fees are destroyed (or "burned") to prevent spam, this does not occur with every transaction in the sense of reducing the total supply significantly.