[DigitalToday reporter Yoonseo Lee (이윤서)] Ripple has burned $539 million worth of its stablecoin RLUSD over the past 30 days.

On June 22, blockchain outlet The Crypto Basic reported that 74.8 percent of the total burn volume occurred on the Ethereum network.

Based on on-chain data, Ripple has burned RLUSD in large amounts since May 23. Over the same period, RLUSD issuance totalled $410.7 million, and burns exceeded that by more than $129 million. As a result, RLUSD net supply fell over the past month.

Burns were concentrated in early June. Ripple issued $127 million on June 1, then from June 2 to 12 it recorded burn dominance intraday for nine consecutive trading days. That was the longest consecutive intraday burn streak since RLUSD was launched in December 2024. Issuance continued during the period, but burns were larger, resulting in a net decline in RLUSD supply.

From June 2 to 12, $226 million of RLUSD was burned. The largest daily burn was $75.1 million on June 3, when the net change in supply was calculated at minus $58.3 million. The second-largest single-day burn was $67.1 million on June 4.

By network, the supply contraction was more pronounced on Ethereum. Over the past 30 days, $403.7 million of RLUSD was burned on Ethereum, while issuance totalled $182.8 million. That translated into a net supply decline of $220.9 million on Ethereum. On June 3 and 4, $75.1 million and $64.1 million, respectively, were burned on Ethereum.

On the XRP Ledger (XRPL), the burn volume was relatively small. Over the past 30 days, $135.6 million of RLUSD was burned on the XRP Ledger. The daily peak was $114 million, and there were only seven days with intraday burns, accounting for about 25 percent of total burns.

New issuance was concentrated on the XRP Ledger. Of the total $410.7 million issued over the past 30 days, $227.9 million took place on the XRP Ledger. This is seen as a move by Ripple to reduce RLUSD supply on Ethereum and shift its focus to the XRP Ledger.

After the supply reshuffle, RLUSD market capitalisation was tallied at $1.63 million. Of that, $776 million was on the XRP Ledger, accounting for 47 percent, and $857 million remained on Ethereum. It was also confirmed that supply sizes across the two networks are gradually moving closer to balance.

RLUSD has grown quickly since its launch in December 2024. The burn-dominant trend over the past month is read as more than a simple volume adjustment, serving as an indicator of which network Ripple is placing more RLUSD liquidity on. Going forward, which chain sees RLUSD issuance and burning will remain a key variable in changes to the supply structure.