XRP (XRP)
Unlock Schedule
XRP (XRP) Token Unlock & Vesting Schedule
As of October 16, 2026, 66 billion of the 100 billion XRP (66.00%) have been released. No further releases are scheduled; the schedule was fully unlocked in July 2022.
The chart shows gross modeled releases of every allocation: vesting unlocks, new issuance and reserve distributions, each allocation counted once. These have different meanings; a scheduled release is not evidence that tokens entered circulation or were sold. Review the coverage, sources and assumptions below.
Each color segment in the chart corresponds to a specific allocation group described in the Allocations section below. Underlying assumptions and data models used to reconstruct this schedule are explained in detail under Assumptions, while broader utility insights and token use cases are covered in Tokenomics & Utility.
Tokenomics & Utility
Supply and distribution
All 100 billion XRP were created when the ledger began. XRP does not enter circulation through mining or staking rewards. Instead, the number of XRP available outside long-term holdings has changed as existing tokens have been distributed. Each transaction also destroys a small amount of XRP paid as a network cost. That cost helps limit spam rather than rewarding validators. (xrpl.org)
Ripple placed 55 billion XRP into on-ledger escrow in 2017. Escrow sets conditions for when XRP can be released. Ripple has described a process in which unused amounts released from escrow are placed into new escrows. This makes Ripple’s holdings and release schedule a lasting feature of the asset’s economic model. (ripple.com)
Why the ledger uses XRP
XRP pays transaction costs and meets the reserve requirement for accounts created directly on the XRPL. The reserve helps limit the amount of account data the network must store. XRP can also serve as an exchange asset: the built-in DEX can route a trade between two issued tokens through XRP when that path offers a better result. Validators can vote to adjust network costs and reserve settings, so those settings can change over time. (xrpl.org)
Assumptions
All 100 billion XRP was created when the ledger launched in 2012; there is no mining or staking issuance. Ripple’s original 55 billion XRP escrow had documented monthly expirations from January 2018 through July 2022, but much of the released XRP was placed into new escrows rather than entering the market. Ripple still reported 32.6 billion XRP locked in escrow on June 30, 2026, while treasury distributions, a 1 billion XRP developer commitment and identified founder transfers lack complete dated payment schedules. The chart can show the original mint and gross original-escrow expirations, but those series represent different events and must not be stacked as additional circulating supply.
- Ripple XRP in escrow as of June 30, 2026: The sources give the amount but no release dates.
- Ripple treasury sales and ecosystem distributions: Releases depend on future governance or treasury decisions.
- Ripple’s XRPL developer grants and accelerator commitment: Releases depend on recipients claiming tokens or on grants being awarded.
- Jed McCaleb’s original holding: The sources give the amount but no release dates.
- Jed McCaleb’s 2016 settlement escrow: The sources give the amount but no release dates.
- Jed McCaleb’s charitable-donation commitment: The sources give the amount but no release dates.
- 1. https://ripple.com/insights/the-stand-is-finally-out-of-tacos/
- 2. https://xrpl.org/about/history
- 3. https://xrpl.org/docs/concepts/consensus-protocol/invariant-checking
- 4. https://xrpl.org/about/faq
- 5. https://ripple.com/insights/ripple-escrows-55-billion-xrp-for-supply-predictability/
- 6. https://ripple.com/insights/q1-2018-xrp-markets-report/
- 7. https://ripple.com/insights/explanation-ripples-xrp-escrow/
- 8. https://ripple.com/insights/q1-2025-xrp-markets-report/
- 9. https://ripple.com/xrp/
- 10. https://ripple.com/ripple-press/ripple-commits-1-billion-xrp-to-grants-program-accelerator-to-advance-xrp-ledger-development/
- 11. https://ripple.com/insights/unveiling-new-ripple-fund-accelerating-innovation-on-the-xrp-ledger-in-japan-and-korea/
- 12. https://ripple.com/insights/ripple-rolls-300m-ripplenet-accelerator-program-grow-volume-xrp-utility/
Tokenomics Overview
Market Data
Tile coloring: Green indicates positive changes, red indicates negative changes, and neutral indicates no significant trend or unavailable data.
Perpetuals: 7 markets on Binance, OKX, Hyperliquid and Lighter · $829.4M open interest
 Binance (CEX) | 175M | 2.1M/2.2M |
 Coinbase (CEX) | 99M | 3.4M/8.9M |
 KuCoin (CEX) | 95M | 1.5M/1.4M |
 MEXC (CEX) | 49M | 1.9M/1.9M |
 Gate.io (CEX) | 44M | 2M/1.5M |
 OKX (CEX) | 43M | 2M/1.5M |
Binance (CEX) | 32M | 470K/530K |
 Kraken (CEX) | 32M | 4.3M/6.5M |
 Bybit (CEX) | 32M | 902K/762K |
 Bitget (CEX) | 27M | 2.4M/2.3M |
Kraken (CEX) | 11M | 1.2M/2M |
Binance (CEX) | 5.3M | 133K/141K |
Binance (CEX) | 5.1M | 74K/88K |
OKX (CEX) | 4.7M | 439K/657K |
Binance (CEX) | 4.6M | 66K/47K |
Binance (CEX) | 3M | 231K/40K |
Kraken (CEX) | 2.7M | 1.1M/1.1M |
OKX (CEX) | 2.2M | 166K/212K |
Coinbase (CEX) | 2M | 185K/336K |
Binance (CEX) | 2M | 153K/183K |
Binance (CEX) | 1.8M | 45K/52K |
Kraken (CEX) | 1.8M | 1.1M/1.3M |
 HTX (CEX) | 1.8M | 98K/250K |
Binance (CEX) | 1.7M | 310K/335K |
Allocations
Not yet scheduled: 9,000,000,000 tokens of its parts have no release date yet. The chart shows them as TBD from today, not as unlocked.
Parts of this allocation with their own release dates are charted as their own allocations; the chart shows the rest here.
Not yet scheduled: 25,000,000,000 tokens of its parts have no release date yet. The chart shows them as TBD from today, not as unlocked.
Tokenomics Overview
Market Data
Tile coloring: Green indicates positive changes, red indicates negative changes, and neutral indicates no significant trend or unavailable data.
Perpetuals: 7 markets on Binance, OKX, Hyperliquid and Lighter · $829.4M open interest
Binance (CEX) | 175M | 2.1M/2.2M |
Coinbase (CEX) | 99M | 3.4M/8.9M |
KuCoin (CEX) | 95M | 1.5M/1.4M |
MEXC (CEX) | 49M | 1.9M/1.9M |
Gate.io (CEX) | 44M | 2M/1.5M |
OKX (CEX) | 43M | 2M/1.5M |
Binance (CEX) | 32M | 470K/530K |
Kraken (CEX) | 32M | 4.3M/6.5M |
Bybit (CEX) | 32M | 902K/762K |
Bitget (CEX) | 27M | 2.4M/2.3M |
Kraken (CEX) | 11M | 1.2M/2M |
Binance (CEX) | 5.3M | 133K/141K |
Binance (CEX) | 5.1M | 74K/88K |
OKX (CEX) | 4.7M | 439K/657K |
Binance (CEX) | 4.6M | 66K/47K |
Binance (CEX) | 3M | 231K/40K |
Kraken (CEX) | 2.7M | 1.1M/1.1M |
OKX (CEX) | 2.2M | 166K/212K |
Coinbase (CEX) | 2M | 185K/336K |
Binance (CEX) | 2M | 153K/183K |
Binance (CEX) | 1.8M | 45K/52K |
Kraken (CEX) | 1.8M | 1.1M/1.3M |
HTX (CEX) | 1.8M | 98K/250K |
Binance (CEX) | 1.7M | 310K/335K |