Ripple CTO Emeritus David Schwartz defended $XRP Ledger's near-zero fees in a recent X conversation. An X user asked the Ripple CTO Emeritus for his perspective on $XRP Ledger's relatively low fees compared with other Layer 1 blockchains.
According to the X user, investors and analysts increasingly value L1s by fee revenue, and by that metric $XRP Ledger looks tiny, because its base fee is a fraction of a cent.
The X user noted that $XRP Ledger is different in a way the market overlooks: fees aren't paid to validators; they are burned instead. "So on XRPL, fee revenue is really permanent supply reduction for every $XRP holder," he noted.
