Crypto

@Holo_Thunder I think fee revenue is a terrible metric since it measures how much friction the chain didn't remove. If you represent the people who collect the fees, then fees are great. But what about the people who pay the fees? Who cares about their interests?

@JoelKatz Serious question. Investors and analysts increasingly value L1s by fee revenue, and by that metric XRPL looks tiny, because the base fee is a fraction of a cent.

But XRPL is different in a way the market overlooks: fees aren't paid to validators, they're burned. So on XRPL, "fee revenue" is really permanent supply reduction for every XRP holder.

Validators could vote the base fee up modestly, say 10x or even 100x, and transactions would still cost well under a cent while burn volume rises meaningfully.

I get that cheap, fast settlement is the whole point. But if the market insists on judging chains by fees, is there a case for XRPL leaning into it? Or does near zero cost matter more for payments and tokenization adoption?