David Schwartz Says XRP Gas Use Is Not a Major Price Driver

Former Ripple CTO David Schwartz has pushed back against the idea that XRP’s role in paying XRP Ledger transaction fees should be expected to materially drive its price, as frustrated holders continue questioning how network growth ultimately creates value for XRP. The latest exchange followed calls for Ripple to create a stronger XRP use case comparable to the role BNB plays across Binance’s ecosystem. XRP holder VanceGG argued that Ripple could find a heavier use case for XRP within its ecosystem, adding that relying mainly on XRP’s role in transaction fees appears insufficient for establishing significant token value. Schwartz disagreed with the premise that gas demand was ever expected to be a major XRP price catalyst.

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