According to the data, the Ripple Stabilizer RLUSD has been on XRP Ledger for nearly 30 days, although a new foundry of about $449 million was added, but during the same period the destruction scale rose rapidly to about $448.9 million, with a destruction rate close to 99 per cent. This brings RLUSD's net supply growth on XRPL to almost zero.

XRPL net increase close to zero

It is mentioned that the high level of destruction was the direct cause of the group ' s short-term centralization of its clients. The latest action on the chain shows that RLUSD Treasury destroyed 35.7 million RLUSDs.

As a result, XRPL is more like a fast-track clearing channel for RLUSD. The tokens were forged in a short period of time in the institutional settlement and quickly destroyed after their conversion, leaving fewer funds retained in the chain.

Keep more long-term mobility in the Ether.

Unlike XRPL, the RLSD in the Taifeng demonstrates a more visible retention feature during the same time period. For nearly 30 days, new distributions on the Taifeng chain amounted to about US$ 403 million, with approximately US$ 177.3 million destroyed during the same period, and net inflows exceeded US$ 225 million.

This means that the use of RLUSD on two chains is being divided: XRPL is mainly engaged in instantaneous conversion and institutional settlement, and the Ether is more suitable for long-term holding and DeFi use.

  • Supply on XRPL chain of approximately $883 million
  • It's about $874 million on the Taifa chain.
  • Total circulation size is about US$ 17.57 billion

Use of the two chains continues to divide.

According to current data, the total volume of RLUSD flows is approximately US$ 17.57 billion, of which XRPL accounts for 50.2 per cent, the utensils for 49.8 per cent, and the distribution of the two chains is close to even.

However, the proximity of the supply ratio does not mean that it is used in the same way. High casting and high destruction patterns on XRPL reflect a more frequent use of RLUSD for real-time exchange, while net inflow in the Taipei shows that it is more driven by DeFi and long-term holdings.

The recent destruction of $35.7 million is thus more like a continuation of the two-chain operating model of the RLSD than a signal of a clear weakening of demand.