XRP Supply Dilution Outpaces Revenue Decline

XRP's circulating supply grew by 5.5% year-over-year due to monthly escrow releases, outpacing fee burns and exceeding other crypto payment assets such as Toncoin and Stellar's XLM.

A report from 21Shares stated that only Tron generated enough revenue to offset its supply growth, leaving holders a net positive return of 1.4% a year.

XRP's revenue fell sharply in the first half of 2026, with reported revenue declining by 81.6% year-over-year from $6.43 million to $1.18 million.