- XRPL showcases unparalleled transaction speed, outpacing Bitcoin, Ethereum, and Cardano.
- With a minimal transaction cost of $0.0004, XRPL offers the most cost-effective solution.
- Despite not reaching its claimed 1,500 TPS, XRPL’s scalability remains superior to its competitors.
The XRP Ledger (XRPL) in the ever-evolving blockchain landscape, has emerged as a formidable contender, outclassing giants like Bitcoin, Ethereum, and Cardano. Recent on-chain metrics reveal XRPL’s unmatched prowess in transaction speed, cost-efficiency, and scalability.
XRPL takes the lead with a lightning-fast 3.6 seconds per transaction, leaving Bitcoin’s hour-long waits in the dust. Ethereum, despite its Merge update, lags with a 15-second minimum transaction time. Cardano, while faster than both Bitcoin and Ethereum, still trails XRPL with a 20-second average.
Cost-wise, XRPL offers an unbeatable average transaction fee of $0.0004. In contrast, Bitcoin users face a hefty $0.8073 fee, and Ethereum’s cost, post-Merge, stands at an average of $0.47. Cardano’s fees, dependent on transaction size, range between $0.15 to $0.19.
On the scalability front, XRPL shines again. Although Ripple’s CTO, David Schwartz, clarified that the network handles 300 to 500 TPS, this figure still surpasses Bitcoin’s seven TPS and Ethereum’s 29 TPS. Cardano, with its 250 TPS, is the only close competitor.
The consistent performance of the XRP Ledger underscores Ripple’s commitment to revolutionizing the crypto space. As blockchain technology continues to evolve, Ripple and XRP are poised to lead the way, offering users faster, more affordable, and scalable solutions.
