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Tron cuts transaction fees by 60% after community proposal
The Tron community has approved Improvement Proposal 789, submitted on August 26. As a result, network fees will be reduced by 60% starting August 29.
Proposal 789 aims to lower transaction fees on the Tron network by reducing the energy unit price from 210 to 100 Sun units. This move was prompted by the doubling of TRX’s price since 2024, which caused a sharp increase in on-chain costs and a decline in user and developer activity.
Justin Sun, the founder of the Tron blockchain, supported the community’s decision, saying it would benefit users and drive long-term growth.
“For users, this fee reduction is a real benefit,” Sun said in a statement on Friday, calling it “a bold and rare move for any network.”
He added that the Tron community will conduct quarterly reviews of network fees, taking into account TRX price dynamics, network activity, and growth indicators to maintain competitiveness.
Seeking balance
For Tron, this is the largest fee reduction in its history. The goal is to strike a balance between long-term sustainability and accessibility. Tron expects increased activity to offset the loss of transaction revenue, and if successful, the move could strengthen Tron’s position as one of the most cost-efficient blockchains on the market.
According to CoinGecko, Tron has more than 300 million users and ranks fifth among blockchains by total value locked (TVL). As of August 28, TVL exceeded $6 billion. Since the start of the year, the network has increased stablecoin supply by 40%.
TRX Price Movement in 24 Hours. Source: CoinMarketCap
Over the past 24 hours, TRX’s price fell by 2%, reflecting the broader market trend. At the time of writing, TRX was trading around $0.34, down 7% from a week ago but up 3% month-over-month.
As we wrote, Tron news: DeFi expansion fuels optimism with cross-chain USDT liquidity incoming
This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.
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