XRP Supply Breakdown
On-chain escrow and burn data as of October 22, 2026 · other rows dated in the table below
What is the XRP supply breakdown? XRP has a fixed maximum supply of 100 billion tokens — all created at launch in 2012, with no new XRP ever minted. About 68.59B is in circulation and roughly 31.40B is locked in Ripple's on-chain escrow (on-chain reads as of October 22, 2026), and ~14.4M XRP has been permanently burned as transaction fees. The circulating portion breaks down across exchange wallets (22.60B), ETFs (1.19B), corporate treasuries (473.3M), DeFi (411.4M), Ripple and the founders, and general wallets. Each figure below is labeled with its source and data date: escrow, exchange and burn figures are on-chain reads, ETF holdings come from issuer websites, treasuries are company-reported, Ripple's operational holdings are a static Q3 2024 company figure, and founder holdings are estimates.
Where all 100 billion XRP lives
| Category | XRP | % of supply | What it is | Source & data date |
|---|---|---|---|---|
| Other circulating | 34.57B | 34.57% | In wallets, cold storage & active use (retail, whales, institutions) | Remainder: 100B minus every other row |
| Ripple escrow | 31.40B | 31.40% | Locked in on-chain time-based escrow, released monthly | On-chain (rippled Escrow objects), October 22, 2026 |
| Exchanges | 22.60B | 22.60% | Publicly attributed exchange hot/cold wallets | On-chain (rippled), October 22, 2026 |
| Ripple operational | 4.74B | 4.74% | Ripple Labs non-escrow holdings | Company-reported (Ripple Q3 2024 report, static) |
| Founders | 4.60B | 4.60% | Larsen, Britto, Schwartz (McCaleb sold out) | Estimate (public reports), January 16, 2026 |
| ETFs & index funds | 1.19B | 1.19% | US spot XRP ETFs + BITW index | Issuer websites, oldest issuer date, September 28, 2026 |
| Corporate treasuries | 473.3M | 0.47% | Companies holding XRP on balance sheet | Company-reported (SEC filings) |
| DeFi / AMM | 411.4M | 0.41% | Locked in DeFi protocols, bridges & wrapped XRP | Protocol data + on-chain supplies, October 22, 2026 |
| Burned | 14.4M | 0.01% | Destroyed as transaction fees (permanent) | On-chain (rippled), October 22, 2026 |
| Total supply | 100.00B | 100% | Fixed — no new XRP is ever created | Protocol constant |
Escrow, exchange balances and burned XRP are read on-chain via rippled; ETF holdings come from issuer websites; DeFi from each protocol's own data plus on-chain token supplies; corporate treasuries are company-reported figures from SEC filings; Ripple's operational holdings are a static Q3 2024 company figure; founder holdings are estimates. The rows add up to 100 billion because “Other circulating” is computed as the remainder. That also means the categories are not strictly mutually exclusive: XRP counted in two rows (for example, exchange-custodied XRP that also backs a wrapped token counted under DeFi) is absorbed by the remainder rather than shown separately.
Why circulating supply numbers differ
“Circulating supply” has more than one definition, so different sites publish different numbers for the same ledger:
- Our definition (on-chain): total XRP in existence — the ledger's
total_coins, i.e. 100 billion minus burned fees — minus the XRP locked in escrow shown above. Both inputs are read from the XRP Ledger via rippled. Result: about 68.59B as of October 22, 2026. - Market-data sites (CoinMarketCap, CoinGecko): start from the same supply and escrow, then also subtract XRP held in Ripple's own non-escrow wallets. Their circulating figure is therefore lower than ours.
Neither number is wrong — they answer different questions. Ours measures all XRP that is not locked or burned; theirs measures XRP outside Ripple's holdings. Ripple's non-escrow XRP is listed separately in the table above (“Ripple operational”).
Frequently asked questions
How many XRP are there?
XRP has a fixed maximum supply of 100 billion, all created at the 2012 genesis. No new XRP is ever minted (it is not mined or staked), and a small amount is burned with every transaction, so total supply only shrinks over time — currently ~99.99B after 14.4M burned.
What is the circulating supply of XRP?
About 68.59B XRP is circulating as of October 22, 2026 — that is total supply minus the ~31.40B locked in Ripple's escrow and the burned amount, both read on-chain.
Where does all the XRP live?
Of the 100 billion: ~31.40B in Ripple escrow, ~22.60B on exchanges, ~9.34B held by Ripple (operational, company-reported) and the founders (estimated), ~1.19B in ETFs, ~473.3M in corporate treasuries, ~411.4M in DeFi, and the remainder (~34.57B) in general wallets and cold storage.
Why do sites show different XRP circulating supply numbers?
Because they use different definitions. Our figure (~68.59B as of October 22, 2026) is the XRP that exists — the ledger's total_coins, which is 100 billion minus burned fees — minus the XRP locked in escrow, both read on-chain. Market-data sites such as CoinMarketCap and CoinGecko use a narrower definition that also subtracts XRP held in Ripple's own non-escrow wallets, so their circulating figure is lower than ours. Neither number is wrong; they answer different questions.
Is XRP inflationary?
No. Supply is capped at 100 billion and is mildly deflationary: every transaction burns a tiny amount of XRP, permanently reducing supply. Escrow releases move XRP from locked to potentially-circulating but never create new tokens.
See where all 100 billion XRP lives — ETFs, treasuries, DeFi, RWA, exchanges, escrow — on the XRP Radar.