XRP network transaction fees declined 91.5% from a February 2025 peak as on-chain data signals a sharp contraction in transaction demand. Analytics firm Glassnode reported the 90-day simple moving average of Total Transaction Fees dropped to approximately 500 XRP, down from 5,900 XRP in February 2025. The firm stated the magnitude of decline 'reflects a near-total contraction in organic transaction demand on the network since the speculative peak.' The trend mirrors broader declines in blockchain activity, with Bitcoin annual fees also reaching their lowest level since 2019 according to Capriole Investments founder Charles Edwards.
Glassnode Reports 91.5% XRP Fee Decline From February 2025 Peak
Glassnode's 90-day simple moving average data shows XRP Total Transaction Fees rose to a high in late 2024-early 2025 as the cryptocurrency's price rallied. The metric tracks the total amount of fees senders pay to the network for processing transfers. While XRP surged again in the second half of 2025, the 90-day SMA value saw no corresponding increase and instead contracted. A particularly strong downtrend took hold in the last few months of the year, with Total Transaction Fees hitting a low in December. The year 2026 has seen some stability, but the indicator's value has continued its overall decline. The current 90-day SMA sits at about 500 XRP compared to the 5,900 XRP peak observed in February of last year.
Bitcoin Annual Fees Drop to Lowest Level Since 2019
Bitcoin blockchain transaction activity has similarly declined. Capriole Investments founder Charles Edwards highlighted that Annual Fees on the Bitcoin network dropped to the lowest level since 2019. The Annual Fees indicator represents entire Bitcoin miner revenue, including both transaction fees and block subsidy. The metric declined even as BTC rallied to its all-time high in 2025. The block subsidy component depends primarily on the asset's USD price outside of Halving events, so the Annual Fees declining during a price rally indicates transaction fees were falling even as the block subsidy rose.
Bitcoin Price Pulls Back to $60,900 After Brief Recovery
Bitcoin briefly recovered above $64,000 on Monday but has since pulled back. The cryptocurrency is currently trading at $60,900, erasing most of its recovery.
FAQ
What caused XRP transaction fees to drop 91.5% from February 2025?
Glassnode reported the 90-day simple moving average of XRP Total Transaction Fees declined from 5,900 XRP in February 2025 to approximately 500 XRP currently. The analytics firm stated this reflects 'a near-total contraction in organic transaction demand on the network since the speculative peak.'
How do Bitcoin transaction fees compare to XRP's decline?
Bitcoin Annual Fees dropped to their lowest level since 2019 according to Capriole Investments founder Charles Edwards. The decline occurred even as Bitcoin rallied to its all-time high in 2025, indicating transaction fees fell while the block subsidy component rose with price.
