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XRP Network Fees Collapse 91.5%, Glassnode Data Points to Weakening Transaction Demand

6/3/2026

$XRP's 90-day average network fee has fallen 91.5%, according to Glassnode, a signal that real transaction demand on the XRP ledger has contracted sharply after a period of earlier price strength.

The scale of the decline raises pointed questions about whether the network's usage levels during the speculative surge reflected durable activity or temporary noise.

A Fee Signal, Not a Press Release The 91.5% drop in XRP's 90-day fee average comes from Glassnode's on-chain data, not from a project announcement.

Glassnode tracks what users actually paid to get transactions processed on the ledger — a direct expression of demand — rather than what any organization says about adoption or growth.

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