XRP Beats BTC, ETH, ADA, and MATIC For Number of Transactions With $1 In Fees

Data shows market participants can use $1 in fees to carry out more XRP transactions than most prominent assets, including BTC, ETH, ADA, and MATIC.

Blockchain technology seeks to disrupt traditional finance by presenting lower fees and faster transactions. While most blockchain networks already have lower transaction fees than legacy financial systems, others boast much lower values than the rest.

XRP Transaction Fee

Recent data confirms that the XRP Ledger (XRPL) sits among the networks with the lowest transaction fees. Due to this decreased fee structure, market participants can carry out more transactions for as little as $1.

According to official data, the average fee on the XRPL is $0.0002 per transaction.  At this rate, enthusiasts can carry out up to 5,000 XRP transactions with just $1 . For context, this $1 cannot initiate a domestic wire transfer with a U.S. bank, which charges an average fee of $30 per  data  from Forbes.

Fees on BTC and ETH

Despite the XRPL beating most blockchain networks on transaction fees, these chains command a much lower fee structure than traditional systems like wire transfers, SWIFT, PayPal, and Wise.

...

Read More