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 Median transaction fee Methodology

## 1. Overview

Median transaction fee measures the median fee paid across all transactions on the XRP Ledger. This metric shows what a typical user pays for transaction execution, without being skewed by very high or low values that may occur during network congestion or from specialized transaction types. The median provides a more representative view of user costs compared to simple averages, as it is resistant to outliers.

## 2. Data sources

- **Blockchain data**: Transaction records from the XRP Ledger
- **External data**: End-of-day price feeds for XRP

## 3. Step-by-step calculation

### Component A: Transaction fee extraction

- **Purpose**: Capture fees charged for each transaction on the XRP Ledger
- **Logic**: Transaction records are parsed to extract the fee charged for each transaction. Fees on the XRP Ledger are denominated in the native XRP asset and represent the cost paid by users to have their transactions processed and included in the ledger.
- **Key fields**: `fee_charged` (fee amount per transaction), `block_timestamp` (transaction timing)

### Component B: Median calculation

- **Purpose**: Calculate the median fee value across all daily transactions
- **Logic**: Fees are grouped by day using UTC day boundaries. For each day, the median fee is calculated by ordering all transaction fees and selecting the 50th percentile value. This statistical approach ensures that half of all transactions paid fees below this amount and half paid fees above it.

### Component C: USD conversion

- **Purpose**: Normalize fee values to USD for cross-period comparison
- **Logic**: The median fee amount is normalized by XRP decimal precision and multiplied by end-of-day XRP prices to convert from native asset denomination to USD. Daily granularity with UTC day boundaries.

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

XRP LedgerXRP

Median transaction fee

Median transaction fee

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