Core Insights - XRP is currently facing scrutiny due to its low daily fee revenue, which is approximately $300 across all XRPL decentralized applications, raising concerns about its valuation compared to other protocols that generate millions in fees daily [1][3][4] Group 1: Fee Structure and Implications - The minimal fee revenue generated by XRP suggests it may be overvalued, as traditional valuation logic equates higher revenue with stronger fundamentals [3] - XRP's fee mechanism is designed to burn a small amount of XRP per transaction, which does not create a revenue stream for validators or tokenholders, indicating a lack of financial incentive for network participants [4][5] - The daily burn of XRP is estimated to be between 163 to 750 XRP, which is negligible compared to the total supply of 100 billion and circulating supply of over 60 billion [5] Group 2: Target Market and Design Philosophy - XRP was engineered as a low-cost financial infrastructure aimed at financial institutions, focusing on payment processing and regulatory compliance rather than maximizing transaction fees [8] - Some investors view the low fee structure as a positive aspect, suggesting it aligns with XRP's intended use case as a cost-effective solution for financial transactions [7]

zcash generated the 2nd highest protocol fees across all blockchains last week. a privacy coin everyone wrote off suddenly outearning every defi protocol except ethereum. ghostpay and hush wallet just launched native privacy on solana. ethereum foundation made privacy "first-class property" of the protocol. privacy infrastructure arriving exactly when treasurers realize transparent chains expose their strategies. zcash trading near multi-year lows generating top-tier fees is the inefficiency. ...

@Uniswap @wardenprotocol More on Uniswap's "UNIfication" proposal which led to a spike in price and mindshare https://t.co/zWiRpJ1urLMessari (@MessariCrypto):Messari Key Development:Uniswap’s “UNIfication” proposal would switch on protocol fees, route Unichain sequencer revenue to UNI burns, and burn 100M UNI from the treasury while reshaping Labs/Foundation roles.UNI holders have a major decision ahead. https://t.co/ElhBLGFfDF ...

RT Hayden Adams 🦄 (@haydenzadams)Today, I’m incredibly excited to make my first proposal to Uniswap governance on behalf of @Uniswap alongside @devinawalsh and @nkennethkThis proposal turns on protocol fees and aligns incentives across the Uniswap ecosystemUniswap has been my passion and singular focus for the past 8 years. What started as a small side project is now global financial infrastructure powering thousands of applications with ~$1.8 trillion in annual tradingUNI launched in 2020, but for the past ...

RT Hayden Adams 🦄 (@haydenzadams)Today, I’m incredibly excited to make my first proposal to Uniswap governance on behalf of @Uniswap alongside @devinawalsh and @nkennethkThis proposal turns on protocol fees and aligns incentives across the Uniswap ecosystemUniswap has been my passion and singular focus for the past 8 years. What started as a small side project is now global financial infrastructure powering thousands of applications with ~$1.8 trillion in annual tradingUNI launched in 2020, but for the past ...