Wu reports that Glassnode data shows the average daily transaction fees on the XRP network over the past 90 days (90D-SMA) have plummeted dramatically, dropping from approximately 5,900 XRP in February 2025 to around 500 XRP today—a staggering decline of 91.5%. According to Glassnode, this dramatic reduction is not merely a normal adjustment within the fee market. Rather, it signals a meaningful contraction in organic trading activity on the $XRP network since the peak of the speculative frenzy, highlighting a pronounced slowdown in genuine network usage.