On-chain economic marvel: one million daily transactions, fee income still not enough to buy a used car, this burning mechanism design is quite interesting

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.