Tron Network Fees Slashed After Vote—Here’s What to Expect

Tron Has become cheaper to use after the community of token holders of the Crypto network, according to the founder Justin Sun, had voted by 60%by 60%.

Write on X at night, billionaire Crypto -entrepreneur Sun – who has a number of digital assets – companies – would ultimately benefit users. The change came into force on Friday, according to the time that was noticed in the post of Sun.

Tron is the blockchain behind TRXThe 10th largest digital currency on total value, which has a current market capitalization of $ 31.9 billion. The Tron network is particularly popular with stabile user.

“This reimbursement reduction is a real advantage for users,” Sun said. “Lowering the costs by 60% is fat and rare for each network. In the short term, the profitability of Tron will be influenced, because network costs will be lowered directly by 60%.”

Sun added: “However, in the long term, profitability will improve the more users and more transactions take place on the Tron network.”

Tron previously had the reputation to be a cheap blockchain. But transaction costs have recently been enriched: the average price for making a transaction on the network was recently at $ 1.70, but in December according to the Token Terminal was included in December as $ 2.50.

The Tron Blockchain is popular as a payment network for stablecoins Because it allows users to get the digital tokens cheaply and quickly in the Decentralized finances or Defi Space, where users give transactions permission and without revealing their identity.

Major stablecoins USDC And USDT are available on the Tron network, as well as on other block chains such as Ethereum And Solana.

Stablecoins are popular digital tokens that are supported by non-fighter Fiat currencies such as dollars, euros or the yen. The idea is that crypto traders can do fast transactions – such as buying Bitcoin And other digital assets – without having to use traditional bank rails.

Data from Defi Lama to show That the total market capitalization of Stablecoins on Tron is currently more than $ 82 billion, making it the second largest crypto network for the tokens after Ethereum, which has a stablecoin market capitalization of $ 148.5 billion.

The total market capitalization of all stablecoins in every crypto network is $ 283.3 billion, which means that the share of Tron is almost 30% of the count.

TRX was recently traded for nearly $ 0.34 per coin, according to Coetecko, after falling nearly 2% for a period of 24 hours.