XRP

XRP is the native digital asset of the XRP Ledger, a Layer 1 blockchain built primarily to facilitate cross-border payments between financial institutions and individuals. It addresses the problem of slow and costly international money transfers by acting as a neutral bridge currency between different fiat currencies, allowing settlements to complete in three to five seconds. The intended users are banks, payment providers, and anyone needing to move value across borders without maintaining pre-funded accounts in each destination currency.

The XRP Ledger reaches consensus through a federated protocol in which a set of trusted validators, each node operator selecting from a Unique Node List, must reach eighty percent agreement before a transaction is permanently recorded — a process that requires no energy-intensive mining or staking. XRP itself is used to pay transaction fees on the ledger and to serve as an intermediary asset when a direct trading pair between two currencies does not exist, with the ledger also housing a built-in decentralized exchange for tokenized assets. The current price data and on-chain activity are sourced from the XRPL chain.

Transaction fees on the XRP Ledger are very low: the 24-hour average fee is 0.000168 USD and the 24-hour median fee is 0.000014 USD. Fees paid on the network are not distributed to validators or any central party — they are burned, permanently removing XRP from circulation. This burn mechanism means the protocol has a mildly deflationary character, reflected in a net issuance figure of negative 684.62 USD over the most recent 24-hour period and an annualized inflation rate of negative 0.000283 percent. Because there is no fee revenue flowing to a protocol treasury or token holders, fee-based valuation measures are not applicable to XRP.