CoinWorld News reports that, according to Protos, data from DefiLlama shows that XRP Ledger's on-chain transaction fees on Wednesday were less than $400, during which approximately 327 XRP were burned. Over the past week, fee income was about $3,100, and over the past month, approximately $16k. In comparison, Bitcoin's fees yesterday were $183k, Ethereum exceeded $323k, Solana around $358k, and Tron over $1 million. The total transaction fees on XRP Ledger over the past 12 months are less than what Tron earns in a single day. The base fee for each transaction on XRP Ledger is 0.00001 XRP. When processing over 1 million transactions per day, about 10 XRP are burned daily. This fee is used to prevent spam transactions and is not paid to validators.

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StakingDaydreamer
· 2h ago
Compared to Tron earning millions of dollars daily, XRP's annual income is less than what Tron makes in a single day, this gap…
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MinimalistSculpturePedestal
· 2h ago
On-chain daily active transactions reach millions but still can't generate profit; the economic model of XRP Ledger is indeed unique. How long can relying on love for energy sustain it?
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DaoAfterparty
· 3h ago
XRP's transaction fees are ridiculously low, only burning a few hundred dollars a day, are validators just doing charity?
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