Data shows the XRP transfer fee has witnessed a significant decrease over the last several months, a sign network activity has been declining.

XRP Transaction Fee Has Dropped To 650 Tokens Per Day

In a new post on X, on-chain analytics firm Glassnode has discussed the latest trend in the Total Transaction Fees indicator for XRP. This metric measures, as its name suggests, the amount of fees that senders on the XRP network attach to their transactions every day.

On blockchains like Bitcoin and Ethereum, the transaction fee goes to the network validator who added the associated move to the next block. In the case of BTC, the network runs on a consensus mechanism called the proof-of-work (PoW) , with validators called miners competing against each other using computational resources

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