Through the use of blockchain and modern APIs, Ripple enables financial institutions who are part of the network, RippleNet, to send money globally, instantly, reliably and for fractions of a penny. RippleNet is built on top of Ripple’s consensus ledger, XRP Ledger (XRPL).

Ripple is the leading provider of crypto-enabled solutions for businesses. Ripple was founded by Chris Larsen and Jed McCaleb and launched in 2012 (previously OpenCoin).

XRP tokenholders own and govern Ripple's consensus ledger 'XRP Ledger' (XRPL). Ripple's investors include a16z, Pantera Capital, Route 66 Ventures, etc.

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XRP Ledger

# XRP Ledger Average transaction fee Methodology

## 1. Overview

Average transaction fee measures the average fee users pay per transaction on the XRP Ledger. This metric reflects how much it typically costs to use the network on a per-transaction basis. The average is calculated by dividing total daily fees by the daily transaction count, providing insight into typical usage costs for network participants.

## 2. Data sources

- **Blockchain data**: Transaction records from the XRP Ledger, specifically the `fee` field charged per transaction
- **External data**: End-of-day price feeds for XRP to convert native fee amounts to USD

## 3. Step-by-step calculation

### Component A: Daily fee aggregation

- **Purpose**: Calculate total fees collected across all XRP Ledger transactions
- **Logic**: Transaction fee amounts are extracted from the `fee` field for each successful transaction. Fee values are normalized by dividing by 1,000,000 (XRP has 6 decimal places) and summed by day. Native XRP amounts are then converted to USD using end-of-day price feeds.
- **Key fields**: `fee_charged` (native fee amount per transaction)

### Component B: Daily transaction count

- **Purpose**: Count the total number of transactions per day
- **Logic**: All unique transaction hashes are counted and grouped by day to establish the transaction volume baseline.
- **Key fields**: `transaction_hash` (unique transaction identifier)

### Component C: Average calculation

- **Purpose**: Derive the typical fee per transaction
- **Logic**: Total daily fees (in USD) are divided by the daily transaction count to produce the average transaction fee: `average_transaction_fee = total_fees / transaction_count`. This calculation is performed at daily granularity with UTC day boundaries.

*This methodology was automatically generated by Token Terminal's methodology analyzer.*

XRP LedgerXRP

Average transaction fee

Average transaction fee

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