RLUSD supply fell 29% on XRPL. One XRP trading pool barely changed
Summary
DefiLlama reported XRPL RLUSD supply down 28.7% over its displayed one-day window through Oct. 31, but a sampled XRP/RLUSD AMM pool showed little change: XRP reserves fell less than 1% and RLUSD reserves rose slightly. Funded order-book offers moved unevenly: capacity to buy RLUSD with XRP increased, while capacity to sell RLUSD for XRP recovered only partly. A modeled 10,000-RLUSD order was fillable in either direction, but the estimates were not executed trades or comparable with earlier quotes. Mismatched observation times and limited samples prevent linking the supply decline to market execution or establishing its cause; cross-chain supply changes do not prove migration.
