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Bitcoin Transaction Fees Soar While XRP's Remain Low

Bitcoin's average transaction fee has increased from $19.21 to over $30 per transaction between May 7 and May 8, 2023, while XRP's average transaction fee remains around $0.0002. This increase in Bitcoin's transaction fee may be due to the rise of BRC-20 transactions and Bitcoin NFTs.

However, XRP maintains its benefits of fast transactions and low transaction fees, costing less than $0.01 per transaction on average. XRP's transaction fee remains cheaper than Bitcoin's due to its design not being meant for mining.

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