XRP’s on-chain fee burn has slumped to levels not seen since late 2024, pointing to a sharp cooldown in network activity. As of Friday, September 12, 2025 (mid-session), the ledger had burned 190 XRP in transaction fees; even if the day fills out, it will remain abnormally light. For context, Thursday, September 11 finished at just 549 XRP, already one of the weakest daily prints of 2025 and consistent with the downtrend you see on the one-year “XRP burned as fees” chart you shared, as per data retrieved by Finbold from XRPscan. XRP 1-year burned as fees chart
source: https://finbold.com/xrp-burn-fees-crash-to-1-year-low-as-network-activity-cools/