🚀 Big news for the XRP community! A governance vote has slashed the minimum fees to open an account on the XRP Ledger (XRPL) by 90%, making it 10x cheaper to start operating on the network.
- Account Reserve is now 1 XRP, down from 10 XRP.
- Creation fees for trust lines or objects are reduced to 0.2 XRP from 2 XRP.
This move comes amid a multi-week price rally for XRP, which has surged over 400% in the past 30 days, becoming the third-largest token by market cap.
What do you think about these changes? Share your thoughts in the comments!