David Schwartz, Ripple CTO Emeritus, defended XRP Ledger’s near-zero transaction fees against criticism from an X user. According to this user, investors and analysts increasingly evaluate Layer 1 blockchains by fee revenue, which puts XRP Ledger at a disadvantage since its fees represent only a fraction of a cent. However, the user noted that XRP Ledger fees are burned rather than paid to validators, creating a permanent supply reduction. Since its launch, 14,403,762 XRP has been burned, representing 0.014% of the total supply capped at 100 billion. Schwartz argued that fee revenue is an inappropriate metric because it measures how much friction a blockchain failed to remove.
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