Ripple CTO Emeritus Schwartz Defends XRP Ledger's Low Fees and Burn Mechanism
- —14,403,762 XRP (0.014% of the 100 billion supply) has been burned since XRPL's inception
- —XRPL transaction fees are burned, not paid to validators, applying deflationary pressure to XRP
- —Schwartz: fee revenue is a terrible metric because it measures friction the chain didn't remove
- —An X user suggested raising the base fee 10x-100x to increase burn volume while keeping costs under a cent
Why it matters: The debate highlights how L1s are valued: XRPL's near-zero fees hurt fee revenue but support payments and tokenization adoption.
Source: U.Today