Ripple's Schwartz Slams Fee Metric as 100x XRP Fee Hike Is Floated
- —Schwartz: fee revenue is a terrible metric that measures friction the chain didn't remove
- —An X user proposed raising the XRPL base fee 10-fold or 100-fold
- —XRPL transaction fees are destroyed, not paid to validators
- —The minimum standard fee is 10 drops, or 0.00001 XRP
Why it matters: Any change to the XRPL base fee requires validator consensus rather than a Ripple decision, so the debate shapes the trade-off between XRP burns and cheap transactions.
Source: Bitcoin.com