People often claim that XRP is deflationary, but it is not. Every year the circulation supply increases, so XRP’s supply is inflationary
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I hold XRP. I believe it will appreciate in price. But I am not blind to its faults and there some misinformation here because people claim that XRP has no inflation and is deflationary:
This idea also gets posted on news websites sometimes from a different perspective because every now and then XRP gets burned.
And while it is true that all XRP might be pre-mined and capped at 100 billion, we have definitely seen plenty of inflation, meaning that there is quite a lot of inflation in the supply:
Supply 25 June 2017: 38,291,387,790 Supply 24 June 2018: 39,245,304,677 Supply 23 June 2019: 42,501,950,124 Supply 28 June 2020: 44,257,803,618 Supply 25 June 2021: 46,265,302,471 Supply 24 June 2022: 48,343,101,197 Supply 25 June 2023: 52,254,289,650
That is a 33.85% increase in 6 years!
This supply inflation is actually rather high (though partly offset by the burns):
This comment describes how XRP works pretty well.
But let’s face it. That’s like USD having 50% of its supply hidden that gets slowly released (inflating the supply of USD) and then claiming its not inflation because that 50% hidden supply was already “pre-mined”. Thats not how it works.
Fact is, XRP’s circulating supply increases over time. Not as much as other tokens like Immutable, Gala, Sand, and Mana. But plenty to make a difference. And Ripple dumps that XRP on users. A bit every year.
submitted by /u/Beyonderr
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