Yesterday, customers of XRP, the blockchain accountable for securing over $127 billion price of native cash, acquired lower than $1,600 in community charges.
Particularly, the ledger burned a mere 711 XRP as charges to the protocol.
The dismal quantity wasn’t a momentary dip to embarrass the XRP Military on social media however, in actual fact, just about consultant of a median day on the world’s third-largest blockchain.
The day prior, customers burned 721 XRP as charges.
Certainly, during the last three months, there’s by no means been a day with greater than $5,000 price of XRP burned, with most days seeing lower than $2,000.
On crypto finance trackers like DefiLlama that monitor decentralized exchanges and protocols, whole income earned by all apps on XRP Ledger over the past 24 hours displayed as a mere $303.
Another person screenshotted that tracker displaying $149 for a full day.
The disparity between XRP’s multi-billion-dollar valuation and its pitiful-by-comparison income has led some — particularly xSpaces host and X consumer DBCrypto — to query the mission’s fundamentals and even trace at potential fraud.
XRP: $54k annual income, $130b valuation.
If this was some other asset, you’d name it fraud.
However as a result of it is crypto, we’re presupposed to faux fundamentals do not matter?
Sorry, not enjoying that sport.
— DBCrypto (@DBCrypt0) November 19, 2025
Paying virtually nothing in XRP Ledger charges
To transact on the XRP Ledger, a consumer should destroy a tiny quantity of XRP to incentivize the remainder of the community to course of their transaction.
By decreasing the availability of XRP, even barely, all different holders of XRP profit, ceteris paribus, assuming fixed demand for the smaller provide of cash.
Validators implement transaction charges for XRP Ledger operations. Neither validators nor relayers obtain XRP community charges, that are as an alternative irrevocably destroyed by the protocol and completely scale back the circulating provide of XRP.
The tiny portions of XRP burned as charges evaluate with substantial transaction charges at different blockchains.
For instance, Bitcoin customers voluntarily pay a whole lot of hundreds of {dollars} on any given day, that are added to tens of tens of millions of {dollars} price of coinbase rewards from the protocol.
In distinction, XRP community charges for transactions are sometimes very low, typically one-one thousandth of a cent or much less.
On-chain bitcoin transactions can price $0.13 apiece — though price financial savings are proliferating — and have briefly spiked into the tens or a whole lot of {dollars} throughout peak intervals of congestion like April 2024.
In contrast to Bitcoin, nonetheless, the safety of the XRP Ledger doesn’t depend on miner income. Whereas every BTC transaction pays miners to expend electrical energy for proof-of-work, XRP Ledger validators transfer the ledger ahead with out transaction-by-transaction compensation from the protocol or its customers.
