XRPL Validator Vote Reduces Account Reserve and Creation Fees
The XRP Ledger (XRPL) has implemented a 90% reduction in account activation fees following a governance vote by validators. Key changes include:
- Account Reserve: Decreased from 10 XRP to 1 XRP.
- Creation Fees: Lowered from 2 XRP to 0.2 XRP for trustlines or objects.
This fee reduction coincides with a surge in XRPL account creation activity—over 30,000 new accounts were recorded in a single day, compared to the usual daily average of under 2,000.
Why the Fee Drop Matters
- Lower Entry Barrier: Reduced fees make it more affordable for users to participate in the XRP ecosystem.
- Spam Prevention: The reserve system continues to deter spam by maintaining a nominal cost for account creation.
- Network Growth: Increased account activity signals growing adoption, aligning with XRP’s recent 400% price rally.
Context: XRP’s Market Momentum
XRP’s price surge has propelled it to become the third-largest cryptocurrency by market capitalization. Regulatory clarity and ecosystem developments, such as Ripple’s stablecoin (RLUSD) nearing approval, have fueled investor optimism.
FAQs
Q: How does the XRP Ledger account activation work?
A: New XRP addresses start as inactive and require a reserve deposit (now 1 XRP) to send/receive funds. This prevents spam.
Q: What are “base reserve requirements”?
A: These are fees tied to storing data (e.g., payment channels, escrows) on the ledger. The recent vote cut these costs by 90%.
Q: Why did XRP prices rally 400%?
A: Factors include regulatory progress, Ripple’s stablecoin developments, and broader crypto market trends.
👉 Explore XRP’s latest milestones
Note: All hyperlinks except the OKX anchor text have been removed per guidelines.
### SEO Keywords
1. XRP Ledger
2. XRPL fees
3. Ripple token
4. XRP price rally
5. Account reserve