Tron has announced a 60% reduction in network fees, a move approved by its super representatives, to boost transaction volume and maintain competitiveness. Founder Justin Sun confirmed the decision, which aims to strengthen Tron's position in stablecoin transactions, particularly as network fees had reached record highs. This fee cut is expected to impact short-term profitability but is seen as necessary to keep smaller users engaged, especially in developing markets.
The reduction comes as Tron's native token, TRX, experiences a significant rally, and the network hosts $81 billion in Tether's USDT. The fee adjustment is also a strategic response to Bitfinex's upcoming launch of Plasma, a blockchain offering free USDT transactions. Tron plans to review fee levels quarterly to ensure alignment with market conditions.
Tron Slashes Network Fees by 60% to Enhance Transaction Volume
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