chain fee $XRP Ledger (XRPL) was trading at less than $400 on Wednesday, according to DefiLlama, which tracks fees across major blockchains.
Another explorer, Bitomp, estimated that blockchain users had burned 327 people. $XRP We have confirmed that the total amount in the last 24 hours is less than $400.
Increasing the period to one week does not improve this number much. XRPL has generated $3,100 in on-chain fees in the past week and about $16,000 in the last month.
Seeking a sense of scale, Bitcoin users yesterday paid miners the equivalent of $183,000 in transaction fees. On the same day, Ethereum generated over $323,000 and Solana raised $358,000.
Tron cleared over $1 million.
Embarrassingly, the entire XRPL chain fee for the next 12 months adds up to less than one day of Tron.
Few charges even on congested networks
Strictly speaking, XRPL chain fees are burned, but it’s a small difference from the coin’s convention. payment For miners and validators.
Still, the value of $XRP The amount of money burned to perform a transaction on XRPL is comparable to the value of transaction or chain fees paid to miners or validators on other blockchains.
The explanation for this small number is simple but shocking. Every XRPL transaction is a small minimum amount of $XRP As an anti-spam measure.
Base cost is 0.00001 $XRP10 drops, as confirmed in the network’s own documentation.
as of yesterday $XRP Price around $1.11, rounded off 1/1000th cent per transaction.
This is in sharp contrast to market-fluctuating, demand-based transaction fees like Bitcoin, where the value of on-chain fees fluctuates wildly from day to day. In fact, Bitcoin users typically pay hundreds of thousands of dollars worth of transaction fees to miners every day, but on days like April 19, 2024, they paid more than $80 million.
With XRPL, the charges are negligible even when the network is congested. In fact, the network is so congested that it routinely processes more than 1 million transactions per day, including many computational non-payment data requests.
Unfortunately, even if you make 1 million transactions at a base rate of 10 drops, only 10 drops will be consumed. $XRP. perform the calculation in the current state $XRP The price is also high, with a million transactions costing less than $20.
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$XRP Ledger fees are gradually decreasing
XRPL chain fees are burned rather than paid to validators, so no one has a particular incentive to buy them $XRP Based on earning chain fees.
Burn rewards all token holders equally by reducing the supply, but that small amount of value exists primarily to stop spam.
As a result, the on-chain fee mechanism captures only a small measure of the network’s activity, dwarfed by its $69 billion market capitalization, almost all of which is speculative investment.
Even by its own low standards, XRPL is slowing down. Analytics firm Glassnode found that through 2025, daily fees declined by approximately 89%.
Last December was the “lowest level since December 2020.”
Protoss has previously recorded the same decline from a different angle. $XRP Ledger addresses will decline by 80% in the first half of 2025. The pattern is consistent.
At the time of writing, $XRP The stock is trading at $1.11, down 40% year-to-date and down 52% over the past 12 months. Yesterday’s on-chain fee income for its underlying blockchain was less than $400.
