Tron significantly reduces network fees by an impressive 60%
In a significant move for the crypto community, TRON's Super Representatives have approved a proposal to reduce transaction fees on the network. This reduction, the largest in TRON's history, comes after a successful community vote that took place on Friday.
The fee for transferring stablecoins like USDT on TRON has decreased dramatically, from $2.47 to around $0.72. This change, aimed at lowering the energy cost for transactions, has made transactions on TRON's network less energy-intensive. The energy cost per transaction unit has been reduced from 210 sun to 100 sun.
Justin Sun, the founder of TRON, has acknowledged the fee cut and believes that the impact on the network's profitability will improve as more users and more transactions take place. He also stated that the fee cut would impact the network's profitability in the short term.
TRON's market share of the $283 billion stablecoins locked across blockchains is 28%, according to DeFiLlama. This information, along with the news of the fee reduction, was reported in the Unchained Daily newsletter.
Justin Sun has further noted the fee cut in his tweets, expressing his excitement about the positive changes for the TRON network. The change went into effect after the community vote, marking a significant step forward in TRON's mission to provide a more accessible and cost-effective platform for its users.
